03/12/2015
U.S. Banks Pass Fed Tests
The Fed said that Bank of America stumbled this year because it had shown weaknesses in its internal controls
Legal, Regulation & Compliance
03/12/2015
SEC's White Breaks Her Silence on Controversial Waiver Policy
U.S. Securities and Exchange Commission Chair Mary Jo White on Thursday defended the process her agency follows when deciding whether to grant regulatory waivers to companies that break the law
03/12/2015
Former RBS Trader Pleads Guilty in U.S. to Cheating Customers
Matthew Katke, 34, of New York, pleaded guilty to one count of conspiracy to commit securities fraud and will cooperate with prosecutors
03/11/2015
Stress tests proposed for asset management industry
Without more stringent regulation, asset management poses a considerable threat to the financial system.
03/11/2015
HFW continues investment with Partner promotions
Reflecting its international reach and client base, Holman Fenwick Willan has today announced Partner promotions in four of its international offices and in line with its focus on sector specialisation
03/10/2015
Charles Schwab Must Face U.S. lawsuit over Bond Index Fund
A U.S. appeals court on Monday revived a class-action lawsuit accusing Charles Schwab Corp of stuffing risky mortgage-backed securities into a bond index mutual fund, causing the fund to significantly lag its benchmark.
03/09/2015
Foreign Currency Manipulation Front and Center in U.S. Trade Talks
These very similar bills empower the Department of Commerce to investigate and impose countervailing duties
03/09/2015
Banker Settles with SEC for Role in Olympus Scandal
According to the SEC, these entities purchased poorly performing investments from Olympus with bank loans secured by assets owned by Olympus.
03/09/2015
Swiss banks drawn into Petrobras scandal
Documents released by a Brazilian court have outlined the alleged use of Swiss bank accounts for the payment of bribes in the Petrobras scandal
03/05/2015
Google, Apple and Microsoft keep billions overseas
Additionally, the overseas profits of Microsoft, Apple and Google grew substantially in 2014
03/05/2015
Horgan, Rosen, Beckham & Coren serves as Legal Counsel to Pan American Bank to merge with Finance and Thrift Company
This merger was negotiated on behalf of Pan American
03/05/2015
U.S. Regulator Pushes Reforms for Microcap Market-Making Brokers
A top U.S. regulator is calling for new rules for brokers who make markets in over-the-counter microcap stocks, saying the current regulations are lax and may lead to poor-quality pricing.
03/05/2015
Circlenet CEO gets four months in prison for hiding money in Swiss bank
By 2006, the internet entrepreneur's UBS account held nearly $1.1 million
03/05/2015
The Referral Power Of Divorce Attorneys
Affluent clients often need additional services during and post-divorce.
03/04/2015
Top U.S. regulators request more time in MetLife lawsuit
U.S. regulators on Tuesday asked for more time to react to a complaint by MetLife (MET.N) over their decision to subject the insurer to tougher oversight
03/04/2015
J.P. Morgan, Justice Department Reach $50 Million Robo-Signing Settlement
Bank to make payments to more than 25,000 homeowners
03/03/2015
Judge Calls for Billionaire tycoon to Pay $299M in Fraud Suit
Billionaire tycoon and his brother's estate owe more than $299 million in a Securities and Exchange Commission fraud action
03/03/2015
Bank of America pays $155,000 in settlement
The Minnesota Human Rights Act prohibits businesses that offer credit and loans from discriminating against customers who have a disability
03/02/2015
Biggest Global Banks Shrink Under Pressure From Regulators
Global regulators have issued dozens of rules aimed at making the biggest banks safer
03/02/2015
Bloomberg BNA Publishes Guide On Technology Law In Financial Services
"FinTech Law" goes into great detail on the current state of the industry