03/13/2019
Wells Fargo rebuked by regulator over risk management
OCC issues unusual public criticism of US bank’s response to recent scandals
Legal, Regulation & Compliance
03/12/2019
Santander to deploy BlackRock’s Aladdin in LatAm
The firm is also hoping Aladdin will help re-position its asset manager as a competitive player for global institutional investors.
03/11/2019
UK and US agree cooperation for derivatives clearing and trading after Brexit
Market participants can be assured of the continuity of derivatives trading and clearing activities between the UK and US, after the UK’s withdrawal from the EU, following this joint statement by the Bank of England including the Prudential Regulati
03/11/2019
US Citizenship Specialists, American Dream, to Focus on Middle East Investors
EB-5 citizenship-by-investment programme extended until end of September 2019
03/11/2019
Buffett's Wells Fargo Fined Over 20% of Bitcoin's Market Cap Since 2000
For all his Bitcoin-bashing bluster, Berkshire Hathaway’s Warren Buffett is hardly a bastion of business virtue.
03/11/2019
Big banks abandoning lower-income neighborhoods – report
Between 2014 and 2018, banks have shut down 1,915 more branches in lower-income areas than they opened, according to Bloomberg.
03/08/2019
Former Trump campaign chairman Paul Manafort sentenced to 47 months for tax and bank fraud
Manafort has been jailed since June, so he will receive credit for the nine months he has already served.
03/07/2019
‘The Magic Money Tree:’ From Modern Monetary Theory to Modern Tax Theory
In its crudest form, a central bank can use special papers, inks and a printer, to create money.
03/07/2019
Miami's Ultralat boosts int'l fund lineup
The Neuberger Berman, Schroders and Investec funds Ultralat will offer will come from each asset manager's Ucits range.
03/07/2019
'Be honest' about U.S. gender pay gap, investors tell firms
Arjuna, which specializes in sustainable and ethical investing, is asking nearly a dozen tech, retail and banking companies to disclose median pay at their annual meetings with shareholders.
03/06/2019
Bank of America, RBS sued in U.S. over euro bond cartel
While the commission did not identify the eight banks, media reports said Bank of America and RBS are among them.
03/06/2019
Long march
The administration of President Donald Trump aspires to tear up regulations, while SEC Chairman Jay Clayton wants to ease rules that might discourage companies from publicly floating their shares.
03/04/2019
US lashes out at Brussels over failed dirty money blacklist
Gordon Sondland, US ambassador to the EU, branded the exercise a "ridiculous waste" after a rare unanimous revolt by the bloc's 28 countries upended the effort to name and shame almost two dozen jurisdictions alleged to be sources of money-
02/28/2019
Federal Home Loan Bank of Dallas Signs Multi-Year agreement with SS&C
Federal Home Loan Bank of Dallas selects EVOLV to implement CECL and automate mortgage loan accounting
02/28/2019
Termination of Guardian Growth & Income Fund and Guardian Private Wealth Equity Fund
Effective immediately, units of the funds are no longer offered for sale.
02/28/2019
Ex-advisor gets 3 years in prison for $4.3M fraud
Mr. Kniss set up a well-intentioned business he sincerely believed would be successful
02/26/2019
2019 will see the US as key offshore center as OECD’s CRS restricts global banking
Although there are some delays, in 2019 the vast majority of committed countries will be exchanging information under the Organisation for Economic Co-operation and Development’s common reporting standard.
02/25/2019
Exxon asks U.S. regulator to block climate-change resolution: investors
Investors supporting the Exxon proposal manage a total of $1.9 trillion and are led by DiNapoli.
02/22/2019
Law firms jostle for lead role in Goldman Sachs-1MDB suit
They stand to collect the most in fees in the event of a settlement or favourable verdict.
02/22/2019
Transatlantic tensions over dirty money
The US and EU governments are unhappy with Brussels’ money laundering blacklist