10/04/2016
Morgan Stanley Charged with Running Unethical Sales Contests
The charges against Morgan Stanley come one month after Wells Fargo was fined for fraudulently opening accounts
Legal, Regulation & Compliance
10/04/2016
First Foundation to Acquire Two Branches in Orange County
Upon the closing of the Transaction, First Foundation Bank will operate a total of eleven branches, nine of which are located in California.
10/03/2016
Deutsche Bank near $5.4 bn US toxic bonds settlement
US shares of Deutsche Bank rose 14.5 percent to $13.15.
10/03/2016
RBC cutting 15 investment banking jobs in London
M&A activity in Europe is down 19 percent to $484 billion so far this year compared to last
10/03/2016
Cameco and the CRA head to court over potential $2.2-billion tax dispute
He said many cases are resolved before court, in part because of the cost and length of time such cases takes, but says this case is different.
10/03/2016
DEUTSCHE HELL: Desperate German bank pleads over £10BN fine with US as it teeters on brink
TROUBLED Deutsche Bank is desperately trying to haggle down a gigantic mis-selling fine, which investors fear could sink the company and heavily damage Germany’s economy.
09/30/2016
Lawmakers ask Wells Fargo CEO: 'Why shouldn't you be in jail?'
But as during the grilling he received last week from a Senate panel, Stumpf remained on the defensive.
09/30/2016
Calamos faces whistleblower lawsuit
Katz is seeking compensation for “lost wages and future loss of earnings” and benefits as a result of the “retaliatory discharge.”
09/30/2016
Lehman Brothers to Pay Another $3.8 Billion to Creditors
Distribution will bring total payout in the firm’s bankruptcy to more than $113.6 billion
09/30/2016
Behind the life and death of a star money manager accused of insider trading
Then, in June of this year, the charges were filed.
09/29/2016
SEC says UBS to pay $15 million over sales practices
UBS's notes were designed to offer attractive yields with a lessened risk of loss
09/29/2016
Ex-A.I.G. Chief Parries Inquiries on Offshore Reinsurer in Fraud Trial
The state contends Capco was a sham used to convert into investment losses
09/29/2016
Taiwan's Mega Financial says its bank branches overseas coming under greater scrutiny
Mega Bank will "actively communicate" with regulators, said Chang, who is also the chairman of Mega Bank.
09/29/2016
Och-Ziff to Pay $400 Million to Settle U.S. Foreign Bribery Probe
Hedge fund company will enter deferred prosecution agreement; could be announced Thursday
09/29/2016
SEC Charges CEO and Boiler Room Operator With Fraud
Sizer and Mesa have agreed to partial settlements of the SEC’s charges without admitting or denying the allegations.
09/29/2016
Hedge Fund Wins $40 Million Defamation Judgment
NuWave first sued BackTrack and its parent company in 2006
09/29/2016
SEC Files Insider Trading Charges Against Peruvian Traders Using Overseas Accounts
The Securities and Exchange Commission has charged two lawyers and a brokerage firm manager in Peru with insider trading prior to the merger of two mining companies.
09/29/2016
SEC Adopts Rules for Enhanced Regulatory Framework for Securities Clearing Agencies
The Commission also voted to propose to apply the enhanced standards established by the new rules to other categories of securities clearing agencies, including all SEC-registered central counterparties.
09/29/2016
SEC Proposes Rule Amendment to Expedite Process for Settling Securities Transaction
Proposal Shortens Settlement Cycle From Three Business Days to Two
09/28/2016
Pressure builds on Wells Fargo to reclaim bonuses paid before scandal broke
Top executives may have to forfeit some of the $300 million doled out during the period when harried workers set up fake customer accounts to meet sales goals.