09/18/2014
SEC settles with BlackRock, others over trading infractions
The SEC charged BlackRock Institutional Trust with buying offering shares during the restricted period three times from April 2010 to March 2011
09/18/2014
Exodus hits U.S. law firm Bingham amid merger talks
Twenty-two partners have jumped ship en masse from Bingham McCutchen's marquee restructuring practice, raising questions about the fate of the law firm's closely watched merger talks with the larger Morgan Lewis & Bockius.
09/17/2014
CFTC also finds other supervisory failures relating to enforcement of imposed trading limits, responding timely and accurately to a CFTC document request, and maintaining adequate customer records
09/17/2014
The evidence wasn’t offered to show complicity by the larger banks in financing terrorism, but to show that the global banking system is complex and relies on automated systems to check against questionable transactions.
09/17/2014
Reuters reported in January that U.S. prosecutors had initiated an examination of Credit Suisse documents, including internal emails
09/17/2014
Freshfields has continued its dramatic US hiring spree, adding Shearman & Sterling M&A lawyer Peter Lyons as co-head of its public M&A group.
09/17/2014
The publication includes lawyers who have attained a high degree of peer recognition and professional achievement, as well as Rising Stars.
09/17/2014
Barclays, HSBC and bailed-out Royal Bank of Scotland are among 13 banks facing fraud allegations and a claim for $1.15bn (£700m) in damages in the US state of Virginia over the sale of mortgage bonds during the financial crisis.
09/17/2014
Schneiderman moved to knock down a key argument in Barclays' motion, that the lawsuit falls outside of the scope and authority of the New York's securities laws, a powerful statue known as the Martin Act.
09/17/2014
SEC Obtains Asset Freeze Against Company in Turks and Caicos Islands
The SEC’s complaint also names Laurer’s widow Brenda Davis and another Laurer-controlled company International Balanced Fund as relief defendants because they received investor funds.
09/16/2014
UBS Closed Secret Big Accounts, Class Claims
Swiss banking giant UBS converted billions of dollars for its own profit by improperly closing accounts of secret account-holders and refusing to provide records of it, the trust of a former president of the U.N. General Assembly claims in a federal clas
09/16/2014
Its unique governance system fosters an unparalleled level of integration and contributes to its perennial ranking as among the best in the world in client service.
09/15/2014
HSBC agrees to pay $550m to US regulator
The bank has resolved claims over mortgage bonds sold ahead of the financial crisis
09/15/2014
A contingent of so-called “corrupt clients” from Canada have been caught in the net of a massive fraud investigation by the FBI and the U.S. Attorney, a source close to the investigation told CBC.
09/15/2014
U.S. regulators trying to force banks to maintain enough capital to survive a severe economic shock have signaled a shift in the tools they’re using to achieve that goal.
09/15/2014
At a time when banks are trimming staff to lower expenses, one area of hiring remains hot: risk and compliance.
09/12/2014
Ridealgh was already known to Ashurst, having previously worked as an associate in its London office between 1999 and 2003
09/12/2014
There is nothing inherently illegal about investors talking with individuals at Height Securities about its research note.
09/11/2014
A Citadel spokeswoman told the newspaper that the firm's communication was intended for "verifying information contained in what we understood to be a broadly disseminated email," adding that it was part of the firm's "compliance
09/11/2014
Dark pools are broker-run trading venues that let investors trade shares anonymously and only make trading data available afterwards, reducing the chance of information leaking about trade orders.