09/03/2014
SEC Adopts Final Regulation AB II Rules
The ABS Final Rules were adopted in part in response to the requirements of Sections 939A and 942(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
09/03/2014
Money launderers will increasingly move away from the US dollar to the renminbi as US authorities continue to crack down on international banks’ AML systems.
08/31/2014
Michael Dahir, Omaha State Bank’s former president is banned from banking now.
08/31/2014
Microsoft will not hand over overseas email, despite order
That prospect had drawn concern from technology companies - fearful of losing revenue from foreign customers worried that U.S. law enforcement might win broad power to seize their data.
08/29/2014
Federal authorities are investigating hacking attacks against JPMorgan Chase and several other banks, according to published reports.
08/28/2014
IPRS has attracted bids from nearly every major player in the index industry, including Standard & Poor’s, MSCI, Markit, Bloomberg, Thomson Reuters and the CME Group.
08/28/2014
The move by the SEC was expected considering the fact that alternative mutual funds have swelled nearly tenfold in size from just over $30 billion in 2008 to $283 billion at the end of 2013
08/28/2014
In a shift from a 2010 proposal, the SEC declined to extend the requirements to so-called private placements, in which the bonds are sold only to certain institutional investors with at least $100 million in investments.
08/27/2014
Kramer agreed to cooperate with the government and to pay a civil penalty of $588,042
08/27/2014
The court denied Weil’s motion to obtain live video testimony
08/27/2014
Firm’s Supervisory Failures over Fee Processing Led to Client Overcharges at Times
08/27/2014
Argentina’s banking regulator has revoked the charter for Bank of New York Mellon to operate in the country.
08/27/2014
Freshfields NY corporate partner joins King & Spalding
He will work across King & Spalding’s New York and Silicon Valley offices to advise the firm’s clients and matters on the west coast.
08/26/2014
There is no constitutional right to self-representation on appeal
08/26/2014
Federal statutes are presumed not to have effect outside of the territorial jurisdiction of the United States
08/25/2014
The DoJ is turning to other banks after its record settlements with JPMorgan
08/25/2014
A former executive of Gibraltar Private Bank & Trust has brought suit in Florida state court seeking damages under the Florida Whistleblower Act, saying the company fired him after he lodged complaints over another executive's alleged discriminat
08/24/2014
The SEC had initially asked for up to $72 million for a civil penalty
08/24/2014
Britain's HSBC bank is facing a lawsuit over allegedly ignoring warnings that late entrepreneur David Elias was committing fraud through an investment vehicle.
08/24/2014
Regulator Federal Housing Finance Agency finds bank sold faulty bonds to Fannie Mae and Freddie Mac