11/21/2014
The AFL-CIO, the nation’s largest labor organization, called on seven Wall Street banks to explain why the firms pay additional compensation to some employees who leave for high-ranking government positions.
11/20/2014
The decision includes $853,000 in punitive damages
11/20/2014
The Securities and Exchange Commission today voted to adopt new rules designed to strengthen the technology infrastructure of the U.S. securities markets.
11/19/2014
Victims of Bernard Madoff’s Ponzi scheme will split another $500 million, bringing the total recovered to $10.3 billion.
11/19/2014
Bank of Tokyo-Mitsubishi fined $315m for 'misleading regulators'
BTMU Pressured its Consultant, PwC, to Remove Key Warnings to Regulators on Bank’s Transactions with Sanctioned Countries, Including Iran, Sudan, Myanmar
11/19/2014
Older systems to catch misconduct, still in use at some firms, pick through conversations for trigger words, but they can be easily circumvented.
11/17/2014
JPMorgan settles with owners of Texas shale-rights
The trust beneficiaries accused the bank, which was supposedly working on their behalf
11/17/2014
Credit Suisse Among Banks in Limbo Over Regulatory Waiver
Wall Street has hit an unexpected stumbling block in its efforts to move beyond government enforcement actions.
11/17/2014
But the judge denied Patricia Cohen's bid for so-called Wells notices sent to Cohen by the U.S. Securities and Exchange Commission and any responses he provided.
11/16/2014
Federal regulators published a final risk-retention rule that requires sponsors of securitized financial assets to retain a minimum of 5% of the credit risk unless certain exceptions are met.
11/14/2014
Ex-Swiss private banker charged in U.S. for tax scheme
The bank was not identified by name in court papers, but was described as an institution that purported to be the oldest private bank in Zurich.
11/14/2014
Linklaters co-US managing partner Norton stands down early
It has emerged that Linklaters’ US co-managing partner Jeff Norton stepped down from his post nine months early, leaving Conrad Tenaglia as sole US managing partner.
11/14/2014
The three most common tax traps for US persons moving to the UK - Withers
This article discusses the three most common tax traps that we see on a day-to-day basis when people move to the UK without taking proper tax advice.
11/14/2014
We are now firmly in the FATCA era and moving on to the post FATCA era.
11/13/2014
Linklaters, Clifford Chance among firms advising as banks face record fines following forex probe
Linklaters and Clifford Chance (CC) were among the firms to have been drafted in by some of the world's biggest banks as UK and US regulators imposed fines totalling £2.65bn over the manipulation of foreign exchange markets.
11/13/2014
New York Federal Reserve Looks to Expand RRP Repo Counterparties
The statement reads: "Effective today, the New York Fed is accepting applications from firms interested in becoming a counterparty eligible to participate in RRP transactions with the New York Fed.
11/12/2014
Investment Management is operating in a world of more – more regulation, more transparency, more meaningful investment information and more control.
11/12/2014
The move follows similar disclosures by JPMorgan Chase & Co., and Citigroup that signal banks in the U.S. and abroad are facing allegations that they manipulated foreign-exchange rates.
11/12/2014
Foreign-exchange related investigations resolved with FINMA, CFTC, FCA
11/12/2014
As of the end of September 2014, alt funds account for $242 billion of industry AUM.