01/05/2015
Why luxury agents must understand the EB-5 visa
It is credited with creating 49,000 jobs and more than $6.8 billion in new investment.
Legal, Regulation & Compliance
01/05/2015
JPMorgan settles 'Bandits' Club' currency price rigging lawsuit in US
The largest US bank became the first of 12 to settle a lawsuit alleging that America’s biggest financial institutions fixed prices for major currencies and bragged all the while via instant messages and emails
01/03/2015
Why Chicago law firms are learning Mandarin
The city's second-largest firm, Sidley Austin, has hired 10 lawyers in Chicago who speak either Mandarin or Cantonese and 130 across the firm. But it's not enough.
01/03/2015
Time to change direction on tax extenders
The message is clear: inversions must stop, corporate tax avoidance must end, and special corporate loopholes must close.
01/02/2015
Ambac sues Bank of America over Countrywide mortgage bonds
Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68bn
01/02/2015
Financial Regulators and Congress Remain Inconsistent
Eleven banks presented unsatisfactory living wills.
01/02/2015
Paraguay finance minister quits, central bank highflier tapped
Two sources in the finance ministry said Rojas was leaving, while another official in the central bank said he understood Rojas was stepping down for personal reasons.
01/01/2015
The legend of the unsinkable ship – A lesson in risk management for corporates
The demise of celebrated global investment banks Bear Stearns and Lehman Brothers previously regarded as “too big to fail” during the global economic recession of 2007-2009 was rather synonymous with sinking of the Titanic.
01/01/2015
SAC’s Steinberg Appeal Delayed as U.S. Weighs Challenge
SAC Capital Advisors LP hedge fund manager Michael Steinberg’s appeal of his insider trading conviction was further delayed by a court as the government decides how to respond to a ruling that upended guilty verdicts in two related cases.
01/01/2015
High-level Fed committee overruled finding on Goldman
A committee that includes senior Federal Reserve officials reviewed and overturned a bank examiner's finding that Goldman Sachs lacked a firm-wide policy to prevent conflicts of interest
12/31/2014
No More Regulatory Nice Guy for Banks
For banks, 2014 was the year of penalties
12/30/2014
California judges sue Calpers pension system over contributions
The six, who were elected in 2012, claim a pension reform law signed by Governor Jerry Brown
12/30/2014
Itaú, Corpbanca deal passes another regulatory hurdle
The deal has also received regulatory approval in Brazil
12/30/2014
SEC Accuses Fund Managers of Diverting $4.4 Million
Three Fund Managers Allegedly Used Client Money to Prop Up Side Business
12/30/2014
SEC Provides Guidance on Key Employee Trusts Under Family Office Rule
The SEC Division of Investment Management recently provided guidance on whether certain key employee trusts would qualify as family clients under the rule.
12/29/2014
Israel's Bank Leumi gave the U.S. data on former customers
Leumi also agreed to pay $400 million to settle two separate investigations into whether it helped its American clients evade U.S. taxes.
12/29/2014
Credit Suisse Bank Faces $10 Billion Lawsuit Over Pre-2007 Mortgage Fraud
The legal wrangling isn’t entirely over
12/29/2014
US Court Directs Bank Creditors To File Claims
A US court has directed the "reorganised Arcapita Bank BSC" to initiate transfer of claims by eligible holders.
12/29/2014
Wirehouse Advisors Gripe About, Increasingly Satisfied with Compliance
Despite constant and vocal grumbling, national brokerage and wirehouse advisors have steadily increased their satisfaction ratings of firms’ compliance programs.
12/29/2014
Microsoft Ex-CEO & Other Executives Sued by IRS over Taxes
Software developer Microsoft Corporation’s executives, both former and current, including former chief executive officer Steve Ballmer have been sued by The Internal Revenue Service over the company's past tax practices.