04/22/2016
Goldman Sachs, Vista Equity Agree to Settle Tibco Investor Suit
Firms to pay about $30 million to former investors in software company whose sale to Vista was marred by a share-count error
Legal, Regulation & Compliance
04/22/2016
NY Regulator Wants Foreign Banks' Records on Dealings with Panama Firm
The documents, which have come to be known as the Panama Papers, contained information on about 214,000 offshore companies and showed how individuals and corporations were able to hide assets and avoid taxes.
04/22/2016
Steven L. Cantor Receives Miami Today Award
Global Attorney Steven Cantor of Cantor & Webb Cited
04/22/2016
NY regulator wants foreign banks' records on dealings with Panama firm
The documents, which have come to be known as the Panama Papers, contained information on about 214,000 offshore companies
04/21/2016
Funds Want More Flexibility in SEC Derivative Proposal
Regulators target some liquid alternative and exchange-traded funds. Will the rules make matters worse?
04/21/2016
Why the S.E.C. Didn’t Hit Goldman Sachs Harder
The investigators had been looking into Goldman Sachs’s mortgage-securities business
04/20/2016
Brazil Goes Easy on Wealthy Tax Dodgers to Help Plug Budget Gap
The finance ministry expects the legislation, signed into law in January with little fanfare, to raise about $10 billion for government coffers
04/19/2016
UBS Blamed In U.S. Trial For $2.1 Billion In Mortgage Bond Losses
UBS AG went to trial on Monday over $2.1 billion in losses that investors incurred on mortgage-backed securities after the collapse of the U.S. housing market.
04/15/2016
'Double-Headed Beast' Malware Steals $4 Million From US Banks In 3 Days
In early April, cybercriminals believed to be of Eastern European origin unleashed a malware that stole $4 million from more than 24 American and Canadian banks in just a few days
04/15/2016
28-year-old hedge fund analyst accused of insider trading using his mom's brokerage account
The complaint didn't name his former employer, but Reuters reported that a LinkedIn account with his name on it said that he worked at MSD Capital, Michael Dell's family-office hedge fund.
04/14/2016
HSBC risks losing US banking licence as pressure mounts over Panama Papers probe
That could lead to any fines being paid to American authorities and HSBC could even lose its right to operate in the country.
04/14/2016
Citigroup’s ‘Living Will’ Receives Passing Grade From Regulators
Plans from other big U.S. banks receive harsher assessments, making Wall Street firm arguably the biggest winner of the review
04/14/2016
HSBC Bank USA Announces Settlement with OCC Related to Legacy Credit Card Add-on Products
HSBC Finance Corporation will pay a civil money penalty of $35 million to the OCC
04/13/2016
Major brokers JLT, Willis in $40 million settlement
In a statement to the London Stock Exchange, JLT said that the two parties had reached a settlement as their case was due to be heard in the High Court this month.
04/12/2016
U.S. Authorities Aim For Guilty Plea From Och-Ziff Over Bribery Allegations: WSJ
The U.S Justice Department is in talks with hedge fund Och-Ziff Capital Management Group LLC over a possible criminal guilty plea in relation to a five-year international bribery investigation
04/10/2016
Wells Fargo Bank Agrees to Pay $1.2 Billion for Improper Mortgage Lending Practices
Wells Fargo Bank Admits That It Certified that Loans Were Eligible for FHA Mortgage Insurance When They Were Not, and That It Did Not Disclose Thousands of Faulty Mortgage Loans to HUD
04/10/2016
Jamaica & U.S. co-host public-private dialogue on Correspondent Banking
Participants pledged to continue cooperating, both bilaterally and multilaterally, to set realistic expectations of fellow stakeholders and prioritize transparency and information sharing.
04/08/2016
With Mafia-busting law, feds indict payday lending pioneer
The 17-count indictment pegs revenue for 18 Hallinan-owned loan companies with names that include Instant Cash USA, My Next Paycheck, and Your Fast Payday at $688 million between 2008 and 2013. Read more at http://www.philly.com/philly/news/20160408_With
04/08/2016
FINRA’s Senior Hotline Results in $1.25 Million in Reimbursements
FINRA’s hotline has received 4,000 in-bound calls from people ranging in age from 22 to 100.
04/08/2016
Handler Thayer Named 2016 Best Legal Team By Family Wealth Report
One of only three firms to be shortlisted in the legal category, this award is yet another milestone in the firm's drive to be the global leader in the highly competitive private client space.