Explaining The FIFA Corruption Arrests

The world awoke Wednesday morning to the news that a number of high-ranking FIFA officials had been arrested by Swiss authorities in a Zürich hotel, and were facing extradition to the USA on charges of racketeering, money laundering and wire fraud.

And there’s more. A few hours later, the Swiss announced that they had also been busy with their own investigation, […]

Four Banks Plead Guilty To Foreign Exchange Collusion, UBS Pleads Guilty To Wire Fraud

Five banks will pay the Department of Justice nearly $3 billion in fines and penalties for their manipulation of U.S. dollar and Euro exchange rates, which the DoJ characterized as occurring “almost every day for five years” through private chat rooms, benefiting their trading positions but harming countless consumers and investors around the world. Separately, the Federal Reserve said on […]