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Tatsumi Hishikawa is the suspected shooter in yakuza slaying, a 41-year-old member of the Yamaken-gumi, the key subordinate gang of the Kobe Yamaguchi-Yumi, police have confirmed that one of two pistols found inside a bag left along a footpath near a bus stop in Kobe’s Kita Ward on September 16 were used in shooting. The path is located about 10 kilometers from the road where the shooting took place. From Hyogo Prefectural Police.

 

 

[September 22 “If you’re going to shoot, then try and do it.” wanted: Tatsumi Hishikawa ]

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Police have placed Tatsumi Hishikawa, a 41-year-old member of the Yamaken-gumi, the key subordinate gang of the Kobe Yamaguchi-Yumi, on a nationwide wanted list on suspicion of murder.

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According to Hyogo Police, at around 10:05 a.m. in Kobe’s Nagata ward, as three cars left the residence of the leader, a black vehicle driven by rival gang members crashed into one of the cars, approximately 320 feet from the residence where the street met with a highway.
Yuhiro Kusumoto, age 44, part of Oda’s security detail and considered to be Oda’s main bodyguard, got out of his car, the second in the procession of three, to see what was going on. He got into a shouting match with the man driving the black vehicle and several others in the car. At one point, eyewitnesses reportedly said that Kusumoto challenged the men saying, “If you’re going to shoot, then try and do it.” One of the men, estimated to be between 40 and 50 years old, pulled out a gun and shot Kusumoto in the head at almost point-blank range. The group then fled the scene, leaving the car behind, taking the gun with them. There were also eyewitness reports of a man on a motorcycle in the area who was apparently scouting for the shooters, and a bike helmet was found left behind at the scene.

[September 12 Classic hit by Yakusa ]

KOBE – A man believed to be a bodyguard of the head of a yakuza splinter group linked to the largest crime syndicate in the country was shot dead during a violent ambush September 12 in Kobe, police said.

The man, identified as Yuhiro Kusumoto, 44 , was shot on a street in Nagata Ward at around 10 a.m. in an incident believed to be connected to an apparent feud with the Yamaguchi-gumi, according to police.

The man was taken to a hospital but pronounced dead about 75 minutes later.

The splinter group, Ninkyo Yamaguchi-gumi, was formed in April after separating from the Yamaguchi-gumi.

On Tuesday, several cars apparently belonging to the new group tried to enter a main street and were forced to stop by another vehicle in an ambush, where gunshots were heard, the police said.

A suspect who carried out the shooting, believed to be in his 40s or 50s, fled after leaving a vehicle at the scene of the incident, they said.

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Kunio Inoue

Kunio Inoue is the leader of the Kobe Yamaguchi-gumi syndicate and Yamaken-gumi subsidiary gang. Inoue declared the formation of the Kobe Yamaguchi-gumi by issuing a statement validating the departure of dissident factions from the Yamaguchi-gumi as a movement to protect the will of past Yamaguchi-gumi leaders. The Yakuza has relationships with criminal affiliates in Asia, Europe, and the Americas, where it uses front companies in legitimate industries, including construction, real estate, and finance, to launder money and hide illicit proceeds. In the United States, the Yakuza has been involved in drug trafficking and money laundering.

[Augusr 3

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Maia Deguito takes her oath prior to the start of the Philippine Senate probe.

The Swift attack began the day before, the last day of the workweek in Bangladesh. Sums ranging from $6,000,039.12 to $30,000,039.12 went zipping from the New York Fed through Citibank, Wells Fargo, and the Bank of New York-­Mellon to a series of accounts at the branch, which sits below a bridal shop. Kim Wong, president of Eastern Hawaii Leisure, which operates a number of VIP rooms in Manila-area casinos, including the Solaire, testified that he’d set up Jupiter Street branch of Rizal Commercial Banking Corp accounts along with Ding’s business partner, Gao, and the Jupiter branch manager at the time, Maia Deguito.
All the accounts created at the RCBC branch lay dormant until Friday, Feb. 5, 2016.

 

 

[March 29 NORTH KOREAN responsibility in Bangladesh Bank’s SWIFT theft? ]

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“We are very close to it.”

FBI believes North Korea was responsible for the heist $81 million from the Bangladesh central bank’s account at the New York Federal Reserve last year.

U.S. prosecutors were building potential cases that would accuse North Korea of directing the heist, and would charge alleged Chinese middlemen.

[December 12]

“Bangladesh Bank’s SWIFT network was made insecure by some bank employees in connivance with some foreign people,” Dhaka police investigator said. “They knew what they were doing.”

He said investigators were now trying to find out how the mid-ranking officials were connected to the hackers and whether they benefited financially from the heist. Asked if the officials would be arrested, Alam said: “We are very close to it.” $81 million was successfully transferred purportedly for payments in relation to Bangladeshi infrastructure projects, including bridges, a power station and the Dhaka metro to four fake accounts in a branch of Rizal Commercial Banking Corp (RCBC) (RCB.PS) in the Philippines. A dollar account is opened at RCBC in the name of William So Go, who denies involvement. Funds transferred via that account and via Philrem, a remittance company: About $29m then made its way into accounts held by Bloomberry Resorts and $21m to Eastern Hawaii Leisure Company, with another $31m delivered in cash by Philrem to an individual by the name of Weikang Xu, described by one Bloomberry representative as a “junket agent” organising trips for gamblers. The four RCBC accounts that initially received funds were frozen, as well as the accounts of Eastern Hawaii; Kam Sin Wong, one of the signatories to the account of Eastern Hawaii; Mr Go, and his Centurytex Trading business. On February 29 the story of the scam was broken by the Philippine Daily Inquirer.Cyber security experts do not think such inside persons would have been essential for a crime that could have been committed from outside by sophisticated criminal hackers from eastern Europe or elsewhere.

[March 12 $81 million stolen by hackers, an internal investigation is ongoing ]


Bangladeshi Finance Minister Abul Maal Abdul Muhith March 8 accused Federal Reserve Bank of New York of “irregularities” that led to the unauthorized transfer of $100 million from the account of Bangladesh central bank. The funds had been stolen by hackers and some had been traced to the Philippines. The money was converted into pesos and deposited through a branch of Rizal Commercial Banking Corp.in the account of an unidentified Chinese-Filipino businessman who runs a business flying high net worth gamblers to the Philippines. Four requests to transfer a total of about $81m to the Philippines went through, but a fifth, for $20m, to a Sri Lankan non-profit organisation was held up because the hackers misspelled the name of the NGO, Shalika Foundation, leaving $81 million unaccounted for. Initially, the Sri Lankan transaction reached Pan Asia Banking Corp, which went back to Deutsche Bank for more verification because of the unusually large size of the payment, a Pan Asia official said.
Hackers misspelled “foundation” in the NGO’s name as “fandation”, prompting a routing bank, Deutsche Bank, to seek clarification from the Bangladesh central bank, which stopped the transaction, one of the officials said. The hacking of Bangladesh Bank happened sometime between 4-5 February, over the Bangladeshi weekend, which falls on a Friday, the officials said. The bank’s offices were shut.
You have to admit that stealing a hundred million bucks — and attempting to steal almost a billion — is pretty impressive! And all they needed was a SWIFT code. It makes all that hard work in heist flicks like “Ocean’s 11” and “The Italian Job” seem pretty silly by comparison.

The ECB had to resort to negative deposit rates to scare European banks into taking cash out of the Eurosystem and putting it to work elsewhere. Maybe when a hundred million bucks vanishes into thin air from under the nose of the U.S. central bank, it will have an even greater effect!

 

[October 30 2013 Fines for corporate wrongs cost of business?   Brother Circle gangster apparatchiks and Yamaguchi-gumi yakuza group ]

Ken Shinoda - Yamaguchi Yakusa

Ken Shinoda – Yamaguchi Yakusa

Executive-suite alterations, docked pay and company fines need to be paired with criminal prosecutions

Executive-suite alterations, docked pay and company fines need to be paired with criminal prosecutions

A consumer finance company affiliated with Mizuho, made at least $2 million in small loans to buyers with links to Japan’s organized crime syndicates without properly vetting their backgrounds. The syndicates use the loans to help finance their activities.

Mizuho Bank, which bought and bundled these loans from its affiliate, found gangster-linked loans on its books in 2010 but failed to inform the authorities, according to a report by outside lawyers appointed by the bank to investigate the case.
But the lawyers said they could find no evidence that Mizuho officials intentionally tried to hide the loans from investigators.

Mizuho’s management instead simply “failed to appreciate the gravity of collaborating with organized crime,” Hideki Nakagomi, who headed the panel of lawyers, said on Monday. He acknowledged that many officials at the bank had told the investigators “they did not remember what happened.”

Mizuho, based in Tokyo, announced late on Monday that its president and chief executive, Yasuhiro Sato, would keep his job, though he and 53 other current and past executives will take a pay cut for up to six months. Mr. Sato also serves as president and chief executive of the bank’s parent, the Mizuho Financial Group.

“I apologize from the bottom of my heart,” Mr. Sato said at a news conference, bowing deeply in front of cameras. “I take very seriously the fact that we find ourselves in this situation.”

The group’s chairman, Takashi Tsukamoto, who plays a mostly advisory role at Mizuho, will step down.

The scandal has done little damage to the company’s stock, which actually rose 2.45 percent on Monday after news of the report.

The shady lending came to light after the Japanese banking regulator, the Financial Services Agency, censured Mizuho last month over its handling of the loans. The loans underscore how organized crime groups continue to draw money from the financial system here despite efforts to shut them out.

Used-car loans have long been known to be part of illicit fund-raising schemes run by gangsters. In one often-used method, gang members conspire with a dealer to buy a car — like a slick, black Mercedes-Benz of the type favored by gangsters here — for a far higher amount than the usual asking price, then apply for a used-car loan to cover the inflated price. The scheme gives gangsters access to easy financing; the car can be sold or fitted with new license plates so it can be used to apply for further loans, according to local news reports.

Members of organized crime groups are not supposed to have such access to financing from big banks like Mizuho as a result of a 1991 law that made money-laundering illegal. Since then, the Japanese authorities have bolstered rules requiring that banks more vigorously scrutinize potential clients to check for any ties to organized crime. Mizuho said its loan officials typically checked applications against its nationwide database of known members of organized crime groups and their associates.

But the auto loans in question, about 230 transactions totaling about $2 million, were made by the Orient Corporation, a much smaller consumer financing company affiliated with Mizuho that carried out far less stringent background checks on potential buyers, the report from the outside panel said. Last week, an investigation by the daily Mainichi Shimbun said used-car loans from Orient, known as Orico, were typically approved in about 15 minutes with minimal identification checks that were conducted by fax.

Mizuho periodically bought up bundles of these loans from Orico and did not stringently check each loan, the report said. When some gangster-linked loans came to light during a routine internal inspection, Mizuho instructed Orico not to give further loans to those gangsters. But it did not cut off existing loans or inform the authorities.

The bank initially said that knowledge of the matter went only as far as the bank’s compliance officers but later acknowledged that Mr. Sato and other members of Mizuho’s board had been aware.

Mizuho Financial Group Inc. President Yasuhiro Sato gave up six months of pay for failing to stop loans made to yakuza crime syndicates. Takashi Tsukamoto will also forgo a half year’s compensation and give up his role as chairman of Mizuho Bank Ltd., keeping his post at the parent company.
Pain, Shame
No leading bank executives have been jailed since the global financial crisis. The largest lenders are so big that criminal charges could threaten the global economy, U.S. Attorney General Eric Holder said in a Senate hearing this March, saying that made it “difficult for us to prosecute.”
Executive-suite alterations, docked pay and company fines need to be paired with criminal prosecutions, according to Jennifer Taub at Vermont Law School.
“You have to have some kind of pain,” she said, “and some kind of shame.”

[earlier]
The US has targeted organised crime by freezing the financial assets of two groups – Japan’s Yamaguchi-gumi yakuza group and the Brothers’ Circle.
The Brothers’ Circle (f.k.a. Family of Eleven; f.k.a. The Twenty) is a Transnational Criminal Organization, multi-ethnic criminal group composed of leaders and senior members of several Eurasian criminal groups largely based in countries of the former Soviet Union

The Department of the Treasury said it was also freezing the assets of key members, including Yamaguchi-gumi leaders Kenichi Shinoda.and Kiyoshi Takayama

Identifiers

KHRISTOFOROV, Vasily Alexandrovich (a.k.a. KHRISTOFOROV, Vasiliy; a.k.a. “VASYA”; a.k.a. “VOSKRES”), Murjan 6 Sector, Tower D01-T03.1, Apartment 401, Dubai 39409, United Arab Emirates; DOB 12 Mar 1972; POB Gorky Oblast, Russia; National ID No. 76481815 (United Arab Emirates); Passport 63-7186356 (Russia) (individual) [TCO]

KOLBAYEV, Kamchybek Asanbekovich (a.k.a. KOLBAEV, Kamchibek; a.k.a. KOLBAYEV, Kamchy; a.k.a. KOLBAYEV, Kamchi; a.k.a. KOLBAYEV, Kamchibek; a.k.a. “KAMCHI BISHKEKSKIY”; a.k.a. “KOLYA-BISHKEKSKIY”; a.k.a. “KOLYA-KYRGYZ”), Bahar 1 Sector, C09-T02 Tower, Apartment 3203, Dubai 31672, United Arab Emirates; Volokolamskoye Shosse, House 15/22, Moscow, Russia; DOB 3 Aug 1974; alt. DOB 1 Jan 1973; POB Cholpon-Ata, Kyrgyzstan; citizen Kyrgyzstan; Passport A0832532 (Kyrgyzstan) expires 17 Mar 2009 (individual) [SDNTK] [TCO]
LEONTYEV, Vladislav Vladimirovich (a.k.a. LEONTIEV, Vladislav; a.k.a. LEONTIEV, Vlantislav; a.k.a. LEONTYEV, Vyacheslav; a.k.a. LEONTYEV, Vadim; a.k.a. LEONTYEV, Vadik; a.k.a. “BELOBRYSYY”; a.k.a. “BELYY”), Al-Fattan Building, Dubai, United Arab Emirates; DOB 5 Jul 1971; POB Gorky, Russia; alt. POB Caracas, Venezuela; National ID No. 60229551 (United Arab Emirates); Passport AB4065216 (Greece); alt. Passport H2214925 (Ghana); alt. Passport C1602418 (Venezuela) (individual) [TCO]

MANUYLOV, Aleksandr Leonidovich (a.k.a. MANUILOV, Alexander; a.k.a. MANUYLOV, Alexander; a.k.a. “SASHA SAMARSKIY”); DOB 3 Mar 1962; POB Russia; Passport 3056306 (Russia) (individual) [TCO]
RAKHIMOV, Gafur Akhmedovich (a.k.a. RAKHIMOV, Gofur-Arslonbek; a.k.a. RAKHIMOV, Gafur-Arslanbek Akhmedovich), The Meadows, Villa Number 64, Sheikh Zayed Road, near Emirates Hills, Dubai, United Arab Emirates; DOB 22 Jul 1951; POB Tashkent, Uzbekistan; National ID No. 03101200302034752 (United Arab Emirates); Passport CA1804389 (Uzbekistan); alt. Passport CA1890392 (Uzbekistan) (individual) [TCO]
SHAYBAZIAN, Lazar Gurgenovich (a.k.a. SHAYBAZYAN, Lazar); DOB 1 Apr 1966; Passport CA2485930 (Uzbekistan); alt. Passport CA2179793 (Uzbekistan) (individual) [TCO]

SHINODA, Kenichi (a.k.a. TSUKASA, Shinobu); DOB 25 Jan 1942; POB Oita Kyushu, Japan (individual) [TCO]
TAKAYAMA, Kiyoshi ; DOB 5 Sep 1947; POB Tsushimasi, Aichi Prefecture, Japan (individual) [TCO]

ZAYTSEV, Aleksey Alekseyevich (a.k.a. ZAITSEV, Alexei; a.k.a. ZAYTSEV, Alexey); DOB 7 Sep 1965; POB Leningrad, Russia; National ID No. 74914883 (United Arab Emirates); Passport 63-4604880 (Russia); alt. Passport 4103417473 (Russia); alt. Passport H2029462 (Ghana) (individual) [TCO]
YAMAGUCHI-GUMI (a.k.a. ROKUDAIME YAMAGUCHI-GUMI; a.k.a. SIXTH YAMAGUCHI-GUMI), 4-3-1 Shinohara-honmachi, Nada-Ku, Kobe City, Hyogo, Japan [TCO]

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Credit Suisse Managing Director Dan Seabolt, Site Lead Jim Captain and Wilson Ervin, vice chairman of Credit Suisse’s group executive office in New York,

Financial Services Superintendent Maria T. Vullo today announced that Credit Suisse AG agreed to pay a $135 million fine as part of a consent order “Certain Credit Suisse executives in the bank’s foreign exchange unit deliberately fostered a corrupt culture that failed to implement effective controls in its foreign exchange trading business, which allowed the bank’s foreign exchange traders and others to violate New York State law and repeatedly abuse the trust of their customers over the course of many years,” said Superintendent Vullo.

[January 10 Tough case against Chat Room guys ]

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The imminent criminal charges are against members of ‘The Cartel’ chat group, would make good on the government’s long-running promise it would hold individuals to account in the case.   The men are located outside of the U.S., meaning they would have to be extradited, a process that can take months, if not years.  The senior dealers who participated in The Cartel were Richard Usher, formerly of JPMorgan Chase & Co., Rohan Ramchandani, formerly of Citigroup Inc. and Chris Ashton, formerly global head of spot trading at Barclays Plc. Another member, Matt Gardiner, formerly of UBS Group AG, has been helping prosecutors build cases against the traders.   Citigroup, Barclays, JPMorgan and Royal Bank of Scotland Group Plc pleaded guilty in the U.S. in May 2015 to conspiring to rig currency rates.

[March 24 2016 Credit Suisse Group AG triggered $258 million of writedowns 2016 through March 11, after $495 million of losses in the fourth quarter 2015. ]

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Credit Suisse Group AG announced that a buildup of illiquid trading positions means the bank will probably post a second straight quarterly loss as it unwinds the trades and deepens cuts at that business.   Mark Williams, “Either trades were fraudulent and traders should be fired or senior management should take responsibility for allowing excessive risk-taking to happen.The CEO’s admission that he wasn’t aware of the bank’s exposures to securitized products and distressed debt is “somewhat alarming,”    The stock has tumbled about 39 percent so far this year, almost twice as much as the index.   The Zurich-based lender’s holdings of distressed debts, leveraged loans and securitized products, including collateralized loan obligations, triggered $258 million of writedowns this year through March 11, after $495 million of losses in the fourth quarter, according to a presentation.

[January 31 Barclays, Credit Suisse pay up for ‘Dark Pools’ ]

 Tower Research Capital LLC

Tower Research Capital LLC

 

 

Barclays, Credit Suisse are expected to pay a combined total of $154.3 million o settle federal and state charges that they misled investors in their dark pools and an additional $24.3 million by Credit Suisse in disgorgement to the SEC for executing 117 illegal sub-penny orders out of its dark pool known as “Crossfinder.”.

 

[January 23 2015 High-frequency trading operations listed in complaint against Barclays]
Dark pools , where ‘high frequency trade’ firms traded, accounted for 15 percent of total U.S. volume in the third quarter. New York Attorney General Eric Schneiderman filed his suit against Barclays under the Martin Act, an almost century-old law that gives him broad powers to root out corporate fraud. Barclays was misleading its dark pool customers that it was monitoring and suppressing “predatory” trading by such firms, while simultaneously soliciting business from those firms, according to the complaint.
Almost a year after he made a splash with subpoenas of six high-frequency trading operations, the names of some of these firms, Jump Trading LLC, Chopper Trading LLC and Tower Research Capital LLC, cropped up in documents filed this week in the state court in Manhattan. The firms aren’t defendants, though. They are listed as part of Schneiderman’s proposed updated complaint against Barclays, which ran the private trading venue, or dark pool, where these firms traded.

[January 22 BOE “bully the fix”: wrong to interpret that they were talking about “illegal manipulation”]

Anthony Grabiner, the lawyer who led the probe

Anthony Grabiner, the lawyer who led the probe

A global probe of foreign exchange dealings has exposed cozy relations between the BOE and banks. “The fix” is a benchmark for currencies rates. Traders are executing unnecessarily large transactions to move rates around in their own favor. In March 2014, The Bank’s governor, Mark Carney, told MPs this week that the scandal had the potential to be bigger than the rigging of Libor, which has resulted in big-name banks being fined billions of pounds on both sides of the Atlantic.
The Bank of England’s Oversight Committee commissioned Grabiner to investigate whether BOE staff knew currency traders shared confidential client information with counterparts at other firms to rig key currency benchmarks. His report found the central bank’s chief currency dealer, Martin Mallett, had concerns about the practice and didn’t escalate them, but hadn’t acted “in bad faith.” It was published Nov. 12, the same day six banks were fined $4.3 billion by U.S. and U.K. regulators who found senior dealers colluded with one another to rig currency markets. Traders, some of whom were subsequently fired for their activity, interpreted the central bank’s silence as an indication that it regarded their behavior as acceptable, according to people familiar with the traders’ thinking.
The central bank separately announced that day that it fired Mallett, saying it wasn’t related to Grabiner’s report. Anthony Grabiner, the lawyer who led the probe, refused to comment on Mallett’s dismissal.

Norman took issue with Grabiner’s interpretation of a telephone call in October 2011 between Mallett and an unidentified currency trader that was included in his report.

The trader asked whether trying to “bully the fix” was problematic. “Well that’s market manipulation isn’t it?” Mallett responded.

“Yep absolutely,” the trader said, according to the report. Mallett asked the trader to follow up with him about the practice. The trader never did, and Mallett kept it to himself.

Grabiner then said it was wrong to interpret that they were talking about “illegal manipulation,” and said there were instances where market manipulation could be legitimate.

Norman disagreed, saying it was clear that he was talking about illegal manipulation. He also questioned why Grabiner relied on the written transcript rather than listen to the actual call to hear any nuances in the exchange.
Grabiner said Norman was “wrong” and not equipped to form that judgment, saying that his own interpretation following interviews with Mallett was “right.” No one he spoke with challenged whether the transcripts gave a full picture of the exchanges, Grabiner said, so he didn’t need to hear recordings.
Treasury Select Committee members quizzed, on whether he too readily accepted a former central bank employee’s version of key events. They also questioned the depth of his knowledge of the currency market and how long he spent on the report.

[January 13 Paul Nash arrested by SFO, but not charged, in rigging the $5.3tn-a-day foreign-exchange market]

The Serious Fraud Office, UK’s top fraud prosecutor, has arrested a currency trader Paul Nash in relation to its criminal investigation into whether individuals rigged the $5.3tn-a-day foreign-exchange market, Criminal investigations, including that of the SFO, are ongoing. The arrest is not linked to former traders who were members of a chat room dubbed “the cartel”, according to people familiar with the situation. Nash emigrated to Canada on Christmas Day and has rented out his family home. His arrest was not by appointment, as is typical in such cases, but was an “arrest and raid”
Nash, who has not been charged with any offence, appeared at Westminster Magistrates’ Court on Dec. 23 over variations to his bail conditions. These included that he would reside at a specified address in British Columbia.

 

 

 

November 17, 2014 Britain’s big five will incur another £21bn – with other European banks and US firms taking that total to £45bn.]

“It’s inconceivable that the odour of what was going on did not reach the noses of those at the top.”-t former City minister Lord Myners[Economic Secretary to the Treasury ][Paul Myners, Baron Myners].

“It’s inconceivable that the odour of what was going on did not reach the noses of those at the top.”-t former City minister Lord Myners[Economic Secretary to the Treasury ][Paul Myners, Baron Myners].

So far £150bn in fines and legal costs have already been incurred by big-name banks, according to analysts at Morgan Stanley, who reckon that in the next two years Britain’s big five will incur another £21bn – with other European banks and US firms taking that total to £45bn. Last week’s revelations of the free-for-all culture in the dealing rooms of the City also look set to be repeated soon. Other regulators are still investigating the foreign exchange markets and US attorney general Eric Holder expects his department to finish the investigation “relatively soon” – a development that could lead to both civil and criminal charges. . Some 13 individuals face charges linked to Libor rigging. The SFO’s investigation into the foreign exchange markets is in the early stages; and Chancellor George Osborne on Friday promised resources for action by the Serious Fraud Office.

[November 12 I trust you implicitly :Examples of Misconduct in Private Chat Rooms]
I trust you implicitly

Regulators fined six major banks including Citigroup (C.N) and UBS (UBSN.VX) a total of $4.3 billion for failing to stop traders from trying to manipulate the foreign exchange market, following a year-long global investigation.

HSBC (HSBA.L), Royal Bank of Scotland (RBS.L), JP Morgan (JPM.N) and Bank of America (BAC.N) also face penalties resulting from the inquiry that has put the largely unregulated $5 trillion-a-day market on a tighter leash, accelerated the push to automate trading and ensnared the Bank of England.

[November 11 HSBC sets aside £237m for FCA forex investigation , Group pre-tax profits rose to £2.89bn in Q3

HSBC Stuart Gulliver to get 70% pay rise - taking his salary to £4.2m a year [ 25 February 2014]

HSBC Stuart Gulliver to get 70% pay rise – taking his salary to £4.2m a year [ 25 February 2014]

HSBC has set aside £237m to cover the costs of an FCA investigation into the manipulation of foreign exchange markets. “Discussions are ongoing with the FCA regarding a proposed resolution of their foreign exchange investigation with respect to HSBC Bank’s systems and controls relating to one part of its spot FX trading business in London.

“Although there can be no certainty that a resolution will be agreed, if one is reached, the resolution is likely to involve the payment of a significant financial penalty. We continue to co-operate fully with regulatory and law enforcement authorities in the UK and other jurisdictions.”

Group pre-tax profits rose 2 per cent from £2.84bn in Q3 2013 to £2.89bn in the three months to 30 September.

[december 11 2012 U.S. decides HSBC too big to Indict?]

HSBC’s Gulliver and friend

HSBC has agreed to pay $1.9bn in settlement of U.S. money-laundering charges.
State and federal authorities decided against indicting HSBC in a money-laundering case over concerns that criminal charges could jeopardize one of the world’s largest banks and ultimately destabilize the global financial system.

While the settlement with HSBC is a major victory for the government, the case raises questions about whether certain financial institutions, having grown so large and interconnected, are too big to indict.
After months of discussions, prosecutors decided against a criminal indictment, but only after securing record penalties and wide-ranging sanctions.

The HSBC deal includes a deferred prosecution agreement with the Manhattan district attorney’s office and the Justice Department. The deferred prosecution agreement, a notch below a criminal indictment, requires the bank to forfeit more than $1.2 billion and pay about $700 million in fines, according to the officials briefed on the matter. The case, officials say, will claim violations of the Bank Secrecy Act and Trading with the Enemy Act.

Prosecutors found that HSBC had facilitated money laundering by Mexican drug cartels and had moved tainted money for Saudi banks tied to terrorist groups.

On November 11 HSBC said it had “reached agreement with United States authorities in relation to investigations regarding inadequate compliance with anti-money laundering and sanctions laws.” The bank is also expected to reach a settlement over the matter with Britain’s Financial Services Authority, according to a person with direct knowledge of the matter.

November 10, federal and state authorities also won a $327 million settlement from Standard Chartered, a British bank. The bank, which in September agreed to a larger settlement with New York’s top banking regulator, admitted processing thousands of transactions for Iranian and Sudanese clients through its American subsidiaries. To avoid having Iranian transactions detected by Treasury Department computer filters, Standard Chartered deliberately removed names and other identifying information, according to the authorities.

“HSBC has signed a Deferred Prosecution Agreement for breaches of the US Bank Secrecy Act, the Trading with the Enemy Act and assorted money laundering offences. This is in effect putting the bank on probation,” he said.

“But if HSBC had been indicted for these offences, that would have meant that the US government and others could no longer have conducted business with it, which would have been humiliating and highly damaging.”
The bank is the biggest in Europe by market capitalisation, and made pre-tax profits of $12.7bn for the first six months of 2012.

Sky Ferreira:

12 November, 2017

 

Screenshot 2017-11-12 at 10.49.49 AM - EditedSky Ferreira and others will join John Cale for His Velvet Underground 50th Anniversary Shows at the Brooklyn Academy Of Music on 11/16 and 11/17, as part of the Next Wave Festival.

 

 

 

 

 

 

 

[July 19 Twin Peaks ]

1216542Sky Ferreira is one of the 217 actors (or 238 actors, if other reports are to be believed) who will be appearing in the new season of Twin Peaks. Sky Ferreira hasn’t put out any new music on her own since 2013, and instead, has been appearing on the reboot of Twin Peaks. Sky Ferreira can hardly believe that Twin Peaks is happening again—let alone that this time around she’s a cast member. A self-described super-fan of David Lynch’s oeuvre, Ferreira learned that Lynch would develop an original character for her after she auditioned for the revival, which returns to Showtime on May 21 season three.

[November 5 2016  “Night Time, My Time,” debuted at No. 45 on Billboard 200 chart. ]

 

Sky Ferreira’s long-delayed debut album, “Night Time, My Time,” debuted at No. 45 on last week’s Billboard 200 chart. The “Everything Is Embarrassing” singer, who has hung out and posted wacky selfies with Cyrus before, recently opened for Vampire Weekend on tour. Miley Cyrus will be opened by Icona Pop and Sky Ferreira on ‘Bangerz’ Tour Feb. 14, 2014 in Vancouver.

 

[June 14 Sky Ferreira: film buff (fɪlm bʌf) and thespian ]

Sky Ferreira and Alex Pettyfer in a scene from “Elvis & Nixon.”

Actress-singer Sky Ferreira is set to reteam with the Oscar winner on Edgar Wright‘s “Baby Driver,” Sky Ferreira is boarding the Sony/MRC crime movie starring Jamie Foxx, Jon Hamm, Lily James and Jon Bernthal, After working with Kevin Spacey on “Elvis & Nixon” ” Release: Tribeca Film Festival April 15, 2016 (USA)
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[February 13 2015]

Sky Ferreira has signed to star with Oscar winner Nicolas Cage and Elijah Wood in the indie crime thriller “The Trust,” currently shooting in Las Vegas

Sky Ferreira has signed to star with Oscar winner Nicolas Cage and Elijah Wood in the indie crime thriller “The Trust,” currently shooting in Las Vegas

Singing sensation Sky Ferreira has signed on to join Oscar winner Nicolas Cage and Elijah Wood in the indie crime thriller “The Trust,” .
Benjamin and Alex Brewer are directing from a script that Benjamin Brewer co-wrote with Adam Hirsch.
Story follows two corrupt cops, Jim Stone (Cage) and David Waters (Wood), who are stuck working in the evidence room of the Las Vegas Police Department. When Stone discovers a vault holding drug money sealed in the back of a convenience store, he and Waters team up to pull off a bold heist.
“The Trust” is a Hassell Free Production in association with financier Electric Shadow Fund and Prettybird Pictures. Highland Film Group is handling international sales, while Saban Films acquired North American rights at last year’s AFM.
Braxton Pope and Molly Hassell are producing the film, which is currently shooting in Las Vegas. Mike Nilon is executive producing along with HFG’s Arianne Fraser and Delphine Perrier.

[May 16 2014 New York Times places Ferreira “squarely at the center of contemporary female pop”]

The New York Times places Ferreira “squarely at the center of contemporary female pop”.

Notwithstanding its happiness or lack thereof, Night Time, My Time has done pretty well, bagging big reviews everywhere from online hipster music site Pitchfork (which gave it an 8.1 out of 10) to The New York Times, which placed Ferreira “squarely at the centre of contemporary female pop”. Its sound is smart and unpolished – Courtney Love meets Saint Etienne meets the Jesus and Mary Chain – with bold hooks, gnashing guitars and squelching synths.

March 20]

Sky Ferreira covers Miss Vogue Australia wearing a Marc Jacobs sweatshirt and a belt that reads “Good Girl.” Styled by Stevie Dance and photographed by Christian MacDonald in New York, Sky Ferreira covers the second print issue of Miss Vogue.

Sky Ferreira covers Miss Vogue Australia wearing a Marc Jacobs sweatshirt and a belt that reads “Good Girl.” Styled by Stevie Dance and photographed by Christian MacDonald in New York, Sky Ferreira covers the second print issue of Miss Vogue.

Sydneynynyny show. So fun 👻

A post shared by Sky Ferreira (@skyferreira) on

Sky Ferreira has now arrived in Australia.
Her London gig lasted just six songs before collapsing under the weight of its own incompetence, but since then things have been bolstered and tightened up. Her band of skinny boys with undercuts may be a drummer short – they had to borrow one from a band in Melbourne – but they’re tight and confident.

Nearly every song starts with a buzzsaw synth before Ferreira plunges in. She does air-punching hedonism (24 Hours), angsty self-destructiveness (I Blame Myself) and pouty, pedal-to-the-metal pop (You’re Not the One) in equally convincing style. As the gig wears on and Ferreira gets more confident – she even takes her shades off – you have the feel of a project, long mired in difficulties, finally starting to fly.

[October 27 2013]

http://instagram.com/p/lucnBhHDMN/

Sky Ferreira has hit out at her record label for not making her new album available on vinyl and says she’ll make them herself.
Ferreira’s long-awaited new album Night Time, My Time is due to be released digitally on October 29th, however she took to Facebook yesterday to express her anger over her record label not being able to produce the album on vinyl. The singer has since deleted the post and it’s unknown as to what will actually be happening in regards to the vinyl print

[October 3]

But she will appear with Cole in commemoration, an Elliott Smith tribute has been planned at Brooklyn’s Glasslands on October 21. The bill includes Cat Power, DIIV’s Zachary Cole Smith performing alongside Sky Ferreira,

Sky Ferreira, 21-year-old ascendant pop star is on doctors’ orders not to sing for a little while due to an illness affecting her vocal cords, according to a Facebook post. “Sadly, the timing will force me to miss this week’s shows with Vampire Weekend,” Ferreira wrote. She apologized to the band and her fans.

But.”People have always said I’m a drug addict, just based on the fact that I have dark circles around my eyes— which I’ve had since I was a kid— or because I come across a certain way or dress a certain way. So that’s not something that’s new. But I would be in rehab; I would not be on this Vampire Weekend tour. And I wouldn’t be able to go on stage everyday and deal with this. ”

No one actually knows what happened besides Cole and I and the Saugerties police.
Long-delayed debut album “Night Time, My Time,” out Oct. 29 from Capitol and filled with smart, self-aware, unpolished pop songs, will likely enhance her reputation further.

[September 17]

Sky Ferreira and her boyfriend, DIIV’s Zachary Cole Smith, were arrested for drug possession after allegedly being found carrying ecstasy and heroin. Police in Saugerties, New York state, slapped the couple with a litany of misdemeanour charges, including driving without a permit and possessing stolen property. According to Hudson Valley news site the Daily Freeman (via Pitchfork), police stopped their 1990 Ford pickup truck after observing numerous traffic infractions early Saturday morning. A registration check allegedly uncovered that Smith was wanted on outstanding traffic warrants and that the truck’s licence plates were stolen. The officers then found a bag containing “42 decks [small bags] of heroin” (reportedly about $400 worth), apparently owned by Smith, and a quantity of ecstasy, carried by Ferreira. She is also accused of resisting arrest. The two musicians were taken to the nearby Ulster County jail and eventually released on bail. On Saturday night, Smith performed as scheduled at the BasilicaSoundScape music festival: Ferreira joined DIIV for a rendition of Cat Power’s Nude as the News.

 

Ferreira, 21, of 66 North 4th St., Apt. A, Brooklyn, faces misdemeanor charges of criminal possession of a controlled substance and resisting arrest. . Her debut album, “Night Time, My Time,” was officially announced on Friday morning — less than 24 hours before the arrest — after years of delays.