12/30/2016
SEC Probes Banks’ Sale of Soured Mozambique Bonds
The SEC last month sent letters to bondholders asking them for documents provided by Credit Suisse
Legal, Regulation & Compliance
12/30/2016
Justice Department Reaches Final Resolutions Under Swiss Bank Program
Information Received Continues to Drive Civil and Criminal Enforcement Efforts
12/30/2016
State high court: Cities’ private lawyers’ bills can go public
The ruling was at least a partial victory for advocacy groups and media organizations seeking more public disclosure of government records.
12/27/2016
Protectionist Walls Are Popping Up…Around Banks
Financial regulators are increasingly focusing on shoring up their local banking systems
12/27/2016
Law Firms’ Accounts Pose Money-Laundering Risk
Hundreds of millions of dollars allegedly siphoned from Malaysian state fund 1MDB passed through firms’ pooled accounts in U.S., prosecutors say
12/26/2016
The arrests of 6 Platinum Partners executives aren't much consolation for their alleged victims
All six Platinum executives pleaded not guilty and an attorney for Shulse told Reuters he plans to do the same
12/26/2016
Whistleblower to testify in Wells Fargo case
Wells Fargo chief executive John Stumpf resigned in Oct after intense questioning before Congress
12/26/2016
Banks rush to cut deals over toxic mortgages
As a result, these banks may have benefited from paying billions less than once proposed.
12/23/2016
Alwar bank conmen by US agency for credit card fraud
They had used credit cards to book their tickets, which had since been blocked.
12/23/2016
Swiss Raiffeisen group pays no penalty in talks with U.S. DOJ
As one of the Swiss financial institutions that had not committed any offenses under U.S. tax law.
12/23/2016
Goldman to pay $120m to resolve benchmark manipulation probe
The settlement is the latest in a series of related cases
12/23/2016
United States Sues Barclays Bank to Recover Civil Penalties for Fraud in the Sale of Residential Mortgage-Backed Securities
The detailed allegations in the complaint describe Barclays’, Menefee’s, and Carroll’s misconduct in connection with RMBS securitizations Barclays underwrote between 2005 and 2007.
12/23/2016
U.S., U.K. and German law firms team up to help whistleblowers
Eligible clients could include anyone working with a European or multinational company whose securities trade on U.S. exchanges, as well as American companies that do business in Europe.
12/23/2016
Regulating ETFs: the watchlist
Funds have drawn serious interest from US regulators, but the next steps are unclear
12/22/2016
Federal Reserve System bars two former employees of Regions Bank
The indictment further alleges that Henderson and Cooper attempted to conceal those kickbacks by establishing additional shell companies to receive the kickbacks.
12/21/2016
Deutsche Bank could settle U.S. penalty this week: source
This would remove the biggest uncertainty facing the bank, which had sought a deal before President-elect Donald Trump, a Republican, takes office on Jan 20.
12/21/2016
Bank of America CEO is victim of extortion, warrant details
An SBI spokesperson Tuesday said Alcohol and Law enforcement officers conducted the investigation and arrested Stone.
12/20/2016
Texas Woman Bilked Ricky Williams and Other Former Athletes Out of Millions: Report
Peggy Ann Fulford, 58, was arrested Friday in New Orleans on charges of wire fraud, mail fraud, interstate transportation of stolen property and money laundering, authorities say.
12/20/2016
When a Patent-Happy Industry Meets Open-Source Technology
While patents reflect serious competitive considerations, they have become more difficult to grant
12/20/2016
NCPERS Expands List of Think Tanks that Undercut Pensions
28 Organizations Take Positions That Put Them At Odds with Defined-Benefit Plans