Judicial process court cases court decisions

SYDNEY (Reuters) - A prosecution witness in an Australian criminal cartel case against Citigroup Inc (C.N) and Deutsche Bank AG (DBKGn.DE) testified he had just 30 seconds notice about an underwriting conference call and that there was no collusion. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren The testimony from former JPMorgan Chase & Co (JPM.N) markets head Jeff Herbert-Smith appears to be at odds with the prosecution’s case that the three banks and their client Australia and New Zealand Banking Group (ANZ.AX) agreed to withhold details about a A$2.5 billion ANZ share sale in 2015 to support the stock. The case, in which JPMorgan has been given immunity in exchange for cooperating with the authorities, is being closely watched by investment banks around the world because it could influence how they are allowed to conduct capital raisings. … [Read more...] about Prosecution witness in Australian bank cartel case tells court there was no collusion

SYDNEY (Reuters) - A prosecution witness in an Australian criminal cartel case against Citigroup Inc (C.N) and Deutsche Bank AG (DBKGn.DE) testified he had just 30 seconds’ notice about an underwriting conference call and that there was no collusion. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren The testimony from former JPMorgan Chase & Co (JPM.N) markets head Jeff Herbert-Smith appears to be at odds with the prosecution’s case that the three banks and their client Australia and New Zealand Banking Group (ANZ.AX) agreed to withhold details about a A$2.5 billion ANZ share sale in 2015 to support the stock. The case, in which JPMorgan has been given immunity in exchange for cooperating with the authorities, is being closely watched by investment banks around the world because it could influence how they are allowed to conduct capital raisings. … [Read more...] about JPMorgan witness in Australia cartel case says no collusion with Citi, Deutsche

THE HAGUE (Reuters) - Nobel Peace Prize laureate Aung San Suu Kyi returned to the International Court of Justice on Thursday to defend Myanmar against accusations it has committed genocide against its Rohingya Muslim minority population. Myanmar's leader Aung San Suu Kyi arrives at the International Court of Justice (ICJ), the top United Nations court, ahead of hearings in a case filed by Gambia against Myanmar alleging genocide against the minority Muslim Rohingya population, in The Hague, Netherlands December 12, 2019. REUTERS/Eva Plevier Gambia, which brought the suit at the U.N.’s top court under the 1948 Genocide Convention, has asked judges to order “provisional measures” that would act as a kind of restraining order for the Myanmar military until the case is heard in full. At Thursday’s hearing each side will have a chance to counter arguments put forward by the other over the past two days, starting with Gambia, a small west African country … [Read more...] about Myanmar’s Suu Kyi back in U.N. court for final day of genocide hearing

MOSCOW (Reuters) - A Russian court said on Thursday it had ordered the deportation of five employees of the United States’ University at Buffalo after finding them guilty of violating the terms of their visas. The court in the city of Ryazan, 200 kilometers (125 miles) southeast of Moscow, said the group had arrived in Russia on a multiple-entry tourist visa but had given a lecture at a local university. “This activity did not correspond with their stated purpose for entering the Russian Federation,” the court said in a statement. The ruling was handed down on Tuesday, it said. The court added that the five people had been fined and that they could appeal against their deportation at a regional court. The U.S. Embassy in Moscow and the University at Buffalo did not immediately reply to requests for comment. Moscow’s relations with Washington have soured in recent years over allegations of Russian interference in U.S. politics and disagreements … [Read more...] about Russia court orders deportation of five U.S. university staff

SYDNEY (Reuters) - Westpac Banking Corp said it was “shattered” by a money laundering lawsuit over payments it unwittingly facilitated among suspected child exploiters and apologized to all affected as it faced a fire storm of shareholder criticism on Thursday. FILE PHOTO: A woman walks past an illuminated logo for Australia's Westpac Bank in Sydney, Australia, September 6, 2017. REUTERS/Steven Saphore/File Photo “We are shattered by what has happened,” Chairman Lindsay Maxsted told about 600 investors at the annual shareholder meeting in Sydney of Australia’s second-biggest bank. “It’s a total anathema to what we stand for,” added Maxsted, who brought forward his retirement in light of the scandal. Westpac was sued three weeks ago by Australian regulators who cited 23 million breaches of anti-money laundering laws, in the country’s biggest ever such scandal. Westpac has said it accepts most of the regulator’s … [Read more...] about Australia’s Westpac ‘shattered’ over money laundering bombshell