Deutsche Bank (NYSE:DB) sees four of its employees, including a former managing director, charged by United Kingdom authorities, linked to an insider-trading ring that operated between 2006 and 2010. It is claimed that the four made more than $4.8 million from the scheme, which is said to be the most high-profile case of its kind.
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American Express Company (NYSE:AXP) will shell out $112.5 million to make a federal investigation go away. The inquiry uncovered practices such as charging unlawful late fees, and misleading clients in regards to debt collection. The firm reports that it has previously set aside reserves for a “substantial portion” of the fines and refunds.
MasterCard Incorporated (NYSE:MA) and Visa (NYSE:V) shareholders should enjoy higher capital returns during the next three years, says Tien-tsin Huang at J.P. Morgan. With relatively low capital expenditure requirements and few large acquisition candidates, the analyst believes that the companies can reimburse shareholders with the majority of profits, while still investing for future growth. Each firm has approximately $5 billion in unrestricted cash on hand.
Investing Insights: Share Buybacks: Apple Kicks Off $10B Repurchase Plan, News Corp. Sells to BSkyB.