03/08/2017
Money Laundering in Central America
Criminals also use the formal banking system to hide and move the proceeds of illicit activity.
Legal, Regulation & Compliance
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
03/02/2017
Lawsuit against UBS over Enron collapse is dismissed
The plaintiffs chose to sue independently of other Enron investors who pursued similar claims in nationwide litigation.
03/02/2017
United States: Lawyers: Give Your Clients A Business Entity Checkup
Any new business ventures can be started in a new entity.
03/02/2017
New law won't stop Canada being used for money laundering, tax evasion
Bill C-25 does little to stop foreigners from using Canadian companies to snow wash illicit funds.
03/02/2017
Pegasystems Software Robots Help Banks Onboard Institutional Customers
When we look at industry apps and technology, no one is going to get rid of their 50 to 100 legacy systems.
03/02/2017
Tudor Investment the Latest Hedge Fund to Cut Fees
Tudor's fees had previously been among the highest in the industry
03/02/2017
This Struggling Hedge Fund Hopes Trump Will Revive Its Fortunes
“Trump will eventually adjust himself. I am rather optimistic,” said Hirao.
03/01/2017
First Circuit affirms insider trading conviction for stock tip written on clubhouse napkin
This decision comes in the wake of a series of recent insider trading decisions.