The U.S. Federal Reserve has fined French bank BNP Paribas SA (BNPQY) $246 million for what it called "unsafe and unsound" practices in its foreign exchange markets.
The central bank found lapses in BNP's oversight and account controls, including those concerning its traders' use of online chat rooms to talk with competitors about trading positions.
In January, the Fed banned Jason Katz, one of the banks former traders, from participating in the market ever again due to his manipulation of prices. The Fed is also barring BNP from rehiring any traders involved in the activities that led to today's fine.
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In a July 6 trademark application, Amazon subsidiary Amazon Technologies Inc. revealed it's planning "prepared food kits composed of meat, poultry, fish, seafood, fruit and/or and [sic] vegetables...ready for cooking and assembly as a meal," as well as primarily grain-based offerings.
The product's tagline: "We do the prep. You be the chef." Amazon already sells other companies' meal kits, including Tyson Foods Inc.'s (TSN) Tyson Tastemakers. Martha Stewart is even offering meal kits on Amazon Fresh, the company's grocery delivery service. But, this may be the first hint of something bigger for Amazon, which would put it in direct competition with newly minted IPO Blue Apron (APRN) .