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Noah Ramos, a former Deutsche Bank executive, has filed a lawsuit claiming he was wrongfully terminated for whistleblowing after reporting improper accounting practices that led to a $173 million receivable issue. He alleges that the bank fabricated a racial bias complaint against him to justify his firing, which he argues was a cover for his protected whistleblowing activities. Deutsche Bank has denied the allegations and stated they will defend themselves vigorously.
Deepfake technology is increasingly exploited in financial scams, costing institutions an average of $603,000 per incident. A notable case involved AI impersonating a director's voice to authorize a $35 million transfer. In response, financial firms are enhancing detection methods, while regulators advise annual risk assessments to combat AI-related threats.
UBS Financial Services Inc. has been fined $1.1 million by FINRA for failing to comply with trade confirmation rules over a decade, involving over 330 million confirmations with misleading disclosures about average trade prices. Despite a warning in 2014, UBS did not rectify the issues until November 2024, raising compliance concerns under the Securities Exchange Act of 1934. The firm also faced penalties for inadequate supervisory procedures and accepted the fine without admitting or denying the allegations.
Flatiron Realty Capital has partnered with UBS O'Connor to establish a co-investment strategy focused on residential transition loans (RTL), aiming to raise up to $100 million. This initiative is expected to expand Flatiron's managed loan portfolio to at least $600 million, capitalizing on favorable market conditions. Janney served as the sole financial advisor for this transaction.
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former deutsche bank executive alleges wrongful termination for whistleblowing
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19:06 31.03.2025
deepfake scams cost financial sector over six hundred thousand per incident
08:08 27.03.2025
ubs financial services fined 1.1 million for trade confirmation violations
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flatiron realty capital and ubs oconnor launch co-investment strategy for residential loans
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23:38 16.10.2024
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