VISA'S $5.3 BILLION PLAID ACQUISITION FALLS THROUGH

Highlights: 

• The US Department of justice was unhappy about Visa's fee charges for online debit 
• The failed deal will leave other fintech firms to develop online debit systems 

The planned acquisition of a Plaid, a fintech firm by ...

APPLE INC WILL PAY $113MN TO SETTLE ALLEGATIONS OF INTENTIONALLY SLOWING DOWN iPhones

Highlights

• Apple Inc will be paying a sum of $113 million in order to settle allegations from 33 U.S. states and the District of Columbia 

• Taking action against Apple, states accused Apple of acting deceptively and said that it should have replaced batteries...

1MDB SCANDAL: GOLDMAN SACHS WILL PAY OVER $2 BILLION TO SETTLE U.S. CHARGES

Highlights

• According to the reports, Goldman Sachs Group Inc will agree to pay over $2 billion this week to settle U.S. charges over its role in Malaysia’s 1MDB corruption scandal

• Under the agreement with the U.S. Department of Justice and other regulators,...

US: NORTH KOREA STEALS $100 BILLION WORTH OF CRYPTOCURRENCIES; CHINA HELPS LAUNDER IT

Highlights:

•        Cryptocurrencies were stolen from two virtual exchanges

•        US files to seize all 289 accounts from where the funds were stolen from

North Korea and the Chinese ...

FCPA INVESTIGATIONS INVOLVING NOVARTIS RESOLVED

HIGHLIGHTS

• Novartis has reached settlements with DOJ and SEC regarding investigations against it.
• With the settlements reached, the investigations against Novartis come to a close.
• The settlements cover the fines that Novartis and its subsi...