Cook County, Illinois-based Hilary Remijas sued Neiman Marcus Group Ltd over the alarming data breached that the latter said compromised data of over 350,000 debit and credit holder customers of the retailer, according to a court filing.
Soccer club FC Bayern Munich president Uli Hoeness will be serving three and a half years in prison after getting convicted for evading payment of €3.5 million or $4.9 million in taxes, Bloomberg said.
The Bank of England believed that bonus clawbacks are an effective way to discourage bankers or senior staff of financial institutions from making high-risk decisions or doing financial misconduct, Bloomberg said in a report.
Three unidentified sources told Bloomberg that European Commission member Joaquín Almunia is focused on getting settlements from JPMorgan Chase & Co, HSBC Holdings Plc, Credit Agricole SA and interdealer broker ICAP Plc over their involvement in the benchmark rate-rigging scandals before leaves his post later this year.
