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BNP Paribas to pay $350 million to settle New York currency-rigging probe -

BNP Paribas to pay $350 million to settle New York currency-rigging probeFrench bank BNP Paribas on Wednesday agreed to pay $350 million to New York’s banking watchdog to resolve a probe of misconduct in its foreign exchange business, which the regulator said enhanced the bank's profits at customers' expense. More than a dozen traders and salespeople in New York and other trading hubs manipulated foreign exchange rates and engaged in other illegal activity while the bank failed to properly supervise the business, the New York Department of Financial Services (DFS) said in a statement. BNP Paribas said it "deeply regrets the past misconduct," which occurred between 2007 and 2013, the bank said in a statement Wednesday.


Wed, 24 May 2017 17:00:58 -0400

Vermont governor snuffs legal pot, tells lawmakers to 'get it right' -

Vermont governor snuffs legal pot, tells lawmakers to 'get it right'Scott said the bill should "make clear" that there will be no change in current penalties for giving or selling the drug to minors under 21 or near schools, and it should have stiffer penalties for smoking marijuana while driving or in front of children. Of the eight states and the District of Columbia that have legalized recreational marijuana, two - Massachusetts and Maine - are nearby, while Canada, to Vermont's north, is considering legalization.


Wed, 24 May 2017 16:35:28 -0400

Teenage suspect sought in triple stabbing in Midtown Manhattan -

Teenage suspect sought in triple stabbing in Midtown ManhattanA 16-year-old boy stabbed three other teens near their high school in Midtown Manhattan on Wednesday and then fled, New York City police said. The attack grew out of a verbal dispute among the four youths that turned violent when the 16-year-old brandished a knife and began stabbing and slashing his classmates, police detective Ahmed Nasser said. The three victims - aged 15, 17 and 18 - were taken to a hospital with non-life-threatening injuries, Nasser said.


Wed, 24 May 2017 16:29:33 -0400

Driver indicted in deadly Times Square attack, crash -

Driver indicted in deadly Times Square attack, crashA grand jury has indicted the driver charged with killing a young woman and injuring 22 people when he careened through three blocks in New York City's crowded Times Square, prosecutors said on Wednesday. Richard Rojas, 26, is scheduled to be arraigned on the indictment on July 13. Authorities say Rojas drove his Honda sedan down Seventh Avenue on May 18, made a U-turn and mowed down pedestrians on the packed sidewalk for three city blocks before crashing.


Wed, 24 May 2017 15:53:09 -0400

U.S. review criticizes U.S. handling of Honduras drug operation -

U.S. review criticizes U.S. handling of Honduras drug operationA joint U.S.-Honduras anti-drug operation that resulted in several fatal shootings in the Central American country in 2012 was poorly coordinated, according to an internal review on Wednesday. The review looked at three fatal incidents that were part of Operation Anvil, a 90-day pilot program designed to disrupt drug flights from South America to Honduras. Neither U.S. Drug Enforcement Administration agents nor Honduran tactical police involved in the operation had a clear understanding of "how their partners would respond to an imminent threat of death or serious physical injury," the report on the shootings found.


Wed, 24 May 2017 15:17:51 -0400



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