03/09/2017
3 N. Korean banks banned from key international financial network
The latest ban had completely isolated North Korea from the international financial system.
Legal, Regulation & Compliance
03/09/2017
Royal Bank closes 40 accounts following internal Panama Papers probe
While the bank notes that there's no evidence that any of those companies were doing anything illegal
03/09/2017
Collas Crill advises on medicinal Marijuana investment
All sales require medical documentation as set out in the ACMPR.
03/08/2017
U.S. Senate panel schedules hearing for SEC nominee Clayton
Both have historically expressed skepticism about having people with close ties to Wall Street run the SEC.
03/08/2017
UBS considers refusing DoJ settlement offer
Swiss bank may follow Barclays’ lead over mis-sold mortgage bond allegations
03/08/2017
Tax cheats in KPMG Isle of Man avoidance scheme could face criminal charges: minister
Bloc Québécois leader calls on Liberals to stop giving KPMG government contracts in wake of recent reports
03/08/2017
Defunct Lebenthal Wealth Unit Faces Debt, Lawsuits
One creditor is a firm that put together a quarterly digital magazine Lebenthal launched in September 2014 in a bid to recruit female wealth advisors, according to the Journal.
03/08/2017
Money Laundering in Central America
Criminals also use the formal banking system to hide and move the proceeds of illicit activity.
03/08/2017
Banks come in from the cold for hedge funds
Financials should benefit from interest rates going up.
03/08/2017
Greenberg Traurig grows revenue and partner profits as firm gears up for efficiency push
US firm posts 4% revenue rise alongside 5% increase in PEP
03/07/2017
A former FBI informant reflects on her involvement with the Insider Trading Industry
I had access to Intel’s booking information and I was looking at my job and I wanted to break into the hedge fund industry.
03/07/2017
Jacob Wohl, The Teenage-Hedge Fund Manager, Has Been Ordered To Cease And Desist
Wohl had gotten significant media attention in recent years, but the cease and desist order now presents further evidence that Wohl’s exceptional performance may have simply been a figment of his own imagination.
03/07/2017
CIBC Bid for PrivateBancorp Seen Failing Without Sweetner
The bid gap narrowed Monday after PrivateBancorp set a new date of May 4 for its shareholders to vote on CIBC’s offer.
03/06/2017
Protect Wealth Assets with Custom Structured Settlements, LLC's...
FTI expertise continues to inform conversations and capacity to integrate settlements comfortably with any plan.
03/05/2017
Justice Department targets executives in Wells Fargo probe
A grand jury convened in the Northern District of California has also sent subpoenas to witnesses, including former Wells Fargo employees
03/03/2017
SEC freezes suspicious traders' assets
Case involves US$3.6m in illegal profits from investing in Fortress shares
03/03/2017
Turkey Said to Erase Junk Rating Effect on Bank Risk Weightings
The ROM allows commercial lenders to hold some of their required lira reserves in foreign currency or gold instead.
03/03/2017
Lyxor Teams With Wells Fargo Asset Management For New Financial Credit Fund
It will invest across the credit capital structure to include senior, subordinated and contingent convertible debt while also hedging currency risk.
03/02/2017
Regulator robo guidance reflects challenge to advisors
According to him, robos have stripped investment fees down to the bone – 25 to 40 basis points – putting the onus on wealth managers to justify their higher fees.
03/02/2017
World's Biggest Banks Fined $321 Billion Since Financial Crisis
The number of rule changes that banks must track on a daily basis has tripled since 2011, to an average of 200 revisions a day