06/01/2016
Expats Object to Paying U.S. Taxes
In addition, nearly 45 percent of the expats surveyed said they would like the U.S. government to repeal FATCA
Legal, Regulation & Compliance
05/31/2016
BLG'S Linda Bertoldi Named RBC Businesswoman of the Year
Linda's practice focuses on corporate transactions, project finance, corporate finance, and mergers and acquisitions, all within the electricity sector.
05/31/2016
Foreign Business Groups to Complain About Proposed Chinese Insurance Rules
Draft insurance rules are part of China’s broader push for control over technology suppliers
05/30/2016
Securities litigation shifting to state courts
This column and the next will review some of the spring season’s new business law looks.
05/26/2016
Citibank to pay $425M to settle CFTC benchmark charges
Citibank, N.A. Has Been Subject to Three CFTC Enforcement Actions for Benchmark Abuses Imposing a Total of $735 Million in Penalties and Requiring Extensive Remediation
05/26/2016
Finra fines and suspends adviser for software misconduct involving 78-year-old client in variable annuity case
Ameriprise Financial Services rep altered and backdated client notes, the regulator said
05/25/2016
BTG Pactual wants Generali indemnity over BSI's 1MDB link, source says
Singapore closed BSI's local branch on Tuesday as part of a probe into 1Malaysia Development Bhd, a Malaysian fund that was a client of the bank.
05/25/2016
Fenwick & West Launches New York Office
Leading Tech and Life Sciences Law Firm Addresses Growing Client Demand in New York
05/25/2016
US policy rate hikes are back on the table again by Mikio Kumada, LGT Capital Partners
The latest flash, or indicative, reading for the services index will be released later today, and could provide further confirmation of this improvement.
05/24/2016
Appeals Court Reverses Fraud Finding Against Bank of America
Court has reversed a jury's finding that bank was liable for fraud for its actions before the economy collapsed in 2008.
05/24/2016
Civil Antitrust Lawsuits Reinstated Against 16 Banks in Libor Case
Appeals court restores private suits against Bank of America, J.P. Morgan Chase, Citigroup and others
05/24/2016
US Department of Justice fires warning shot to taxpayers and financial institutions after 'Swiss Bank Program'
Through the prosecution of the banks and the Swiss Bank Program, the DOJ has collected over US$5.6 billion.
05/23/2016
Wirehouses escape the worst of the DOL fiduciary rule
The four large brokerages have emerged among the least affected by the heaviest regulation to hit the financial advice market in decades
05/20/2016
Man sentenced for pitching hedge fund that didn't exist
Much of the money lost by more than a dozen victims was retirement savings.
05/20/2016
ICBC to Issue First Renminbi Certificate of Deposit to Settle in U.S.
The Working Group on U.S. RMB Trading and Clearing aims to evaluate opportunities to develop and expand the trading, clearing and settlement of RMB in the United States.
05/19/2016
SEC Awards More Than $5 Million to Whistleblower
Award is SEC Program’s Third Highest to Date
05/19/2016
FINRA Fines Raymond James $17 Million for Systemic Anti-Money Laundering Compliance Failures
Investors may find copies of this disciplinary action as well as other disciplinary documents in FINRA's Disciplinary Actions Online database.
05/19/2016
Five banks sued in U.S. for rigging $9 trillion agency bond market
The lawsuit filed in Manhattan federal court by the Boston Retirement System said the collusion dates to at least 2005, was conducted through chatrooms and instant messaging
05/19/2016
EU parliamentary group wants the US blacklisted as a tax haven
The European Parliament’s special committee on taxation was set to send a fact-finding delegation to Washington this week to look into the state of tax avoidance in the US.
05/19/2016
JPMorgan wins dismissal of Madoff investors' lawsuit
The lawsuit was brought on behalf of an estimated 2,500 “net winners” who withdrew more money from their accounts at Bernard L. Madoff Investment Securities L.L.C. than they invested.