10/08/2014
Elite private banking duo to fight back
The elite private banking duo may take legal action accusing the firm of wrongful termination for their firing last month, their attorney says
10/07/2014
A case against a hedge fund, and one of its partners and in-house counsel, related to actions at a portfolio company and alleging breach of fiduciary duties survived a motion to dismiss.
10/07/2014
The Justice Department is preparing a fresh round of attacks on the world’s biggest banks, again questioning Wall Street’s role in a broad array of financial markets.
10/06/2014
Veteran prosecutor Richard Gregorie recommended Perez's reduction after noting that he “has been cooperating with federal law enforcement officers since prior to his first indictment in June of 2010” on securities fraud, according to a co
10/06/2014
Integrity has to be put back at the heart of businesses.
10/06/2014
Three hedge fund managers have been arrested in connection with a $40 million investment fraud conspiracy
10/02/2014
Texas is a hub for real estate, litigation, energy and corporate work
10/02/2014
Citigroup Inc. has had restrictions lifted by the Securities and Exchange Commission that will allow the bank to sell investments in hedge funds and private equity funds to its wealthy clients, among other activities.
10/02/2014
Buckhannon, who was arrested by FBI agents in Henderson Tuesday, pleaded not guilty at an arraignment Wednesday before U.S. Magistrate Judge George Foley. He was released on a personal recognizance bond pending trial.
10/02/2014
Davis, who had faced up to five years in prison but who hoped to avoid it, said she began dealing drugs after a four-month stint in prison
10/01/2014
The Securities and Exchange Commission today charged Bank of America Corporation with violating internal controls and recordkeeping provisions of the federal securities laws after it assumed a large portfolio of structured notes and other financial instru
10/01/2014
If a U.S. regulator has its way, Daniel Shak will soon have more time to focus on gambling at poker tables and none at all to spend betting on derivatives.
10/01/2014
The head of a US Treasury office that has handed down a series of large fines against banks for violating economic sanctions, pledged that he is not “looking for a scalp or to raise up a victory flag”.
10/01/2014
Investment advisers are held to a higher "fiduciary" duty
10/01/2014
They said they acted in Barclays’s interest.
09/29/2014
A U.S. judge said Friday he would allow Citigroup Inc to process a disputed $5 million payment by Argentina on bonds issued under its local laws following its 2002 default.
09/29/2014
The Securities and Exchange Commission today announced insider trading charges against two former Wells Fargo employees involved in an alleged scheme to profit by buying or short selling a stock before research analyst reports were published containing a
09/26/2014
Big banks’ prayers for a halt to new regulation have fallen on deaf ears
09/26/2014
As part of an effort to head off the next crisis, regulators are asking what role the industry plays in a healthy financial system.
09/26/2014
The tremendous fines paid by the banks for flogging dud mortgages to investors brings to mind the droll quip