09/10/2014
Opalesque Industry Update - Maples Fund Services, a leading independent global fund services provider, has opened an office in Boston, significantly expanding its North American presence and solidifying its brand and offering in the US market.
09/10/2014
US regulators plan to raise capital requirements for the largest banks above global standards to ensure they do not place the financial system at risk
09/10/2014
The current deadline is December 15, after which new capital requirements kick in
09/10/2014
Five other individuals and six companies are accused of taking part in the plan that involved as many as 100 U.S. clients, according to prosecutors.
09/10/2014
Co-underwriters with Lehman Brothers Inc. don’t have so-called contribution claims against the liquidated investment bank related to offerings in which it was the lead underwriter in the sale of its own securities.
09/10/2014
A former executive at Foundry Networks Inc gave an "inside edge" to a hedge fund analyst in 2008 by telling him that the data equipment maker was about to be taken over, a U.S. prosecutor said on Tuesday at the start of an insider trading trial.
09/09/2014
Deutsche Bank has been reluctant to give regulators the clearance that Foresti, an 18-year veteran of the firm, needs to start his new job, said the people, who requested anonymity because the process isn’t public.
09/09/2014
Advisers need to understand what drives managed portfolios of ETFs
09/08/2014
FSOC has shifted SIFI focus away from asset management firms and will assess specific products and activities
09/07/2014
A federal court yesterday entered what's called a final judgment to resolve kickback allegations against a Hingham CEO and the company he led.
09/07/2014
District Court for the Eastern District of Virginia on March 6, and the indictment was unsealed March 12 after the defendants were arrested in Miami.
09/05/2014
Along with the large number of dollar-based contracts, Libor is used as a reference rate for another $150 trillion in contracts denominated in other currencies
09/05/2014
The Alaska Electrical Pension Fund sued yesterday in Manhattan federal court, claiming the banks colluded to set ISDAfix at artificial levels that allowed them to manipulate payments to investors in the derivatives.
09/05/2014
The arbitration award effectively restored millions of dollars in deferred compensation that Gupta was forced to forfeit because of the termination.
09/05/2014
Former bank executive faces November sentencing
Bailey pleaded guilty last month to conspiracy.
09/04/2014
The conflict of interest, which was unknown to investors, generated about $440,000 in additional revenue for the firm, the SEC said.
09/04/2014
The 15 largest banks — those with more than $250 billion in assets — will have to hold enough cash, government bonds and other high-quality assets to fund operations for 30 days
09/04/2014
U.S. financial regulators eased proposed collateral requirements for swaps traded between banks, manufacturers and other firms by seeking to limit the impact on smaller companies and global liquidity.
09/04/2014
Salem claimed he helped the bank earn more than $7 billion and told the arbitration panel on Feb. 25 that he was one of the most sought-after investment professionals in the mortgage industry.
09/04/2014
Questions over valuations of illiquid assets draw scrutiny as mainstream investors increasingly seek alternative investments