05/21/2015
Yahoo CIO Mike Kail replaced as he fights Netflix lawsuit
Netflix, where Kail worked from 2011 until he left for Yahoo last summer, sued Kail in November in Santa Clara County Superior Court
Legal, Regulation & Compliance
05/20/2015
BofA & U.S. Bancorp Win Dismissal of 3 RMBS Lawsuits
The underlying loans were worth $778.6 billion.
05/20/2015
Exclusive: UBS must buy back investor's Puerto Rico bond funds for $1 million
The decision is unusual because it explains the reasons behind the ruling.
05/20/2015
UBS fined $203 mn over LIBOR scandal but gets immunity on forex
The announcement comes as four other major banks are expected to fined billions of dollars for rigging the foreign exchange market in settlements with US and British regulators.
05/20/2015
Barclays’ Hedge-Fund Financing Unit Feels Executive Churn
Many banks’ prime brokerages seeing unusually high level of staff turnover
05/20/2015
Barclays fined record £284m by FCA over fx rigging
Barclays has agreed to pay a combined total of £1,533 million (sterling equivalent). In common with other financial institutions announcing FX settlements today with the DOJ, Barclays has also agreed to plead guilty to a violation of US anti-trust l
05/20/2015
Manhattan DA Charges NY Broker-Dealer in International Fraud
Defendants Defrauded More Than 20 Foreign Investors through Private Offering in New York
05/20/2015
SEC Votes to Gather More Info from Asset Managers in SIFI Inquest
The proposal will ‘vastly improve the type and format of the information that funds provide to the commission and to investors,’ SEC Chairman Mary Jo White said.
05/20/2015
The tricks used by 'coiled cobra' market-riggers
One rule-breaker said "if you ain't cheating, you ain't trying", while others used hand signals to cheat clients and fix financial markets
05/20/2015
Facebook Share Scammer Guilty of Stealing $11 Million
Stratos convinced the manager of a Philadelphia family office to send money that he would in turn use to buy Facebook shares from employees before its initial public offering in May 2012.
05/19/2015
US Bank, Bank of America win dismissal of mortgage claims
The judge gave all plaintiffs a chance to amend their complaints.
05/18/2015
Seeing red over bank affiliates' waivers
Critics upset with passes sought by firms admitting wrongdoing
05/15/2015
Barclays Said to Face U.S. Fine for Breaching Libor Settlement
Barclays Plc will probably be fined for violating a three-year-old settlement over interest-rate rigging
05/15/2015
Investment banker at Manhattan firm and his father charged in insider trading scheme
The charges including conspiracy and securities fraud were contained in a criminal complaint unsealed in Manhattan federal court
05/15/2015
Ex-JPMorgan Bank Teller, ID Theft Ring Get Prison Terms for Stealing $850K
The fraudsters referred to TD Bank as ‘touchdown’
05/15/2015
U.S. SEC Examiner Cites More Problems in Private Equity Sector
The new top examiner at the U.S. Securities and Exchange Commission said Wednesday that the agency is still finding some deficiencies in how private equity firms are complying with its regulations.
05/15/2015
Banks giving Chicago time, while state bankruptcy bill takes shape
Bank of America Merrill Lynch and Deutsche Bank AG declined to comment on any negotiations with the city. BNY Mellon, US Bank, Northern Trust Corp and Bank of Montreal were among several banks that did not respond to requests for comment.
05/15/2015
Divorce and Money: Six Costly Mistakes
From overlooking assets to seeking revenge, here are financial pitfalls to avoid
05/14/2015
U.S. Appeals Court Appears Receptive to Bond Trader's Fraud Appeal
Litvak, 40, was sentenced to two years in prison following his March 2014 conviction by a federal jury in New Haven, Connecticut
05/14/2015
Hedge-Fund Manager’s Credibility Questioned in Russian Laundering Case
Defendant Denis Katsyv’s court filing takes aim at William Browder’s allegations