05/12/2016
NY regulator wants info from Goldman, banks on Panama firm dealings
Representatives for BNP Paribas SA and Canadian Imperial Bank of Commerce did not immediately return calls requesting comment.
Legal, Regulation & Compliance
05/12/2016
Withers Bergman law firm expands Greenwich presence
The office is also designed to foster collaboration among Withers attorneys, who regularly work together in an integrated fashion to address complex client issues across the firm’s resources in New York, California and internationally.
05/11/2016
Zurich Supreme Court confirms data transfer blocking in favour of bank employee
The court considered that the bank employee would fear criminal investigations in the United States once his identity became known, severely endangering the employee.
05/10/2016
Ex-Julius Baer Banker Said to Help U.S. in FIFA Laundering Probe
Burzaco pleaded guilty to money laundering, racketeering and wire fraud conspiracies, admitting he used several banks over almost a decade to launder bribes to soccer officials.
05/10/2016
CFTC Fines Chicago FCM $150K over Several Historical Reporting Violations
The Order requires Cunningham and Russo jointly to pay a civil monetary penalty of $150,000 and permanently prohibits them from further violations of the CFTC Regulations, as charged.
05/10/2016
Madoff Sons' Fight Over Cash Endures Long After Their Deaths
The brothers, who held senior roles at their father’s now-defunct securities business, had to have known about the fraud, trustee Irving Picard claims as he readies another bid to get the estates’ cash.
05/09/2016
Allen & Overy announces 35 new Counsel promotions
The 35 promotions span the Banking, Corporate, Employment, ICM, Litigation, Real Estate and Tax practices and are effective as of 1 May 2016.
05/09/2016
Lawsuit accuses Middle East bank of stealing an Orange County entrepreneur's technology
Instead, they devolved into a bitter, high-stakes lawsuit against a prominent Middle East bank, a case scheduled to be heard in July by a jury in Santa Ana federal court.
05/09/2016
The founder of a bank that reportedly laundered more than $6 billion has been sentenced to 20 years in prison
Prosecutors said Costa Rica-based Liberty Reserve operated an alternative digital currency that helped cyber criminals around the world distribute, store and launder the proceeds of illegal activity.
05/09/2016
BlackRock's Landers promotes Petrobras back into top ten holdings
Will Landers, manager of the BlackRock Latin American investment trust, has increased his exposure to Brazilian large-cap stocks, including beleaguered state-controlled oil giant Petrobras, as he believes these companies will benefit when foreign flows st
05/05/2016
Maples and Calder Recognised for Seven Airfinance Deal of the Year Awards
A leading financial resource on the aviation industry and market leader for aircraft finance news
05/04/2016
Seven big banks settle U.S. rate-rigging lawsuit for $324 million
Several pension funds and municipalities accused 14 banks, including those that settled, of conspiring to rig the "ISDAfix" benchmark for their own gain from at least 2009 to 2012.
05/04/2016
Developer Aby Rosen to Pay $7 Million in Suit Over Unpaid Taxes on Art
The New York attorney general, Eric T. Schneiderman, announced a $7 million settlement with Mr. Rosen on Tuesday for failing to pay taxes on $80 million in artwork that he had bought or commissioned since 2002.
05/03/2016
DLA Piper doubles City promotions amid 48-strong round
DLA Piper has announced that 48 lawyers have been promoted to its partnership. The promotions are effective as of 1 January 2016 in the United States and 1 May 2016 for EMEA and Asia Pacific. The promotions were made across a wide spectrum of practice are
05/03/2016
Bank of America Reaches $190 Million Mortgage Settlement
The bank had accrued "substantially all" of the settlement amount previously, Bank of America said in a filing with the U.S. Securities and Exchange Commission.
05/02/2016
JPMorgan Says Justice Dept, SEC Probing Hires In Asia
JPMorgan Chase & Co, the largest US lender by assets, said the Justice Department's criminal division is among regulators investigating its hiring practices in Asia.
05/02/2016
Sun Capital case may tip private equity equation
Court puts investors on the hook for pension liabilities of acquisitions
04/29/2016
Connecticut Bars Investment Manager From Establishing New Firm
Robert Tricarico has been given the opportunity to request a hearing on the allegations by Connecticut Banking Commissioner Jorge Perez.
04/29/2016
KeyCorp, Department of Justice, and Federal Reserve Board Agree on First Niagara Branch Divestitures
Key to Sell 18 First Niagara Locations and $1.7 Billion in Deposits to Northwest Bank
04/29/2016
Raymond James Warns DOL Is Key Consolidation Accelerant
As the industry continues to digest what the fiduciary rule means, advisors will need “to diversify their service offering” as a means to delivering “more value to prevent fee compression.”