01/29/2014
The Office of the Comptroller of the Currency has already told banks to avoid some of the riskiest junk loans to companies, but is alarmed that banks may still do such deals by sharing some of the risk with asset managers.
01/29/2014
Jefferies Group LLC, the investment bank owned by Leucadia National Corp., agreed to pay $25 million to settle U.S. criminal and civil probes of suspected abuses in the trading of mortgage-backed securities after the financial crisis.
01/29/2014
Senior U.S. officials are clashing over whether the asset-management industry poses risks to the financial system, setting up a fight over whether the industry should face tougher oversight.
01/28/2014
HSBC was found to have laundered over $670 billion over the course of four years, and this makes BitInstant's total amount pale in comparison.
01/28/2014
Cross trades serve a legitimate purpose and benefit both parties when done appropriately
01/27/2014
The uphill climb banks face in addressing and paying for regulatory issues has proved steeper than State Street chairman and chief executive Joseph Hooley anticipated.
01/25/2014
US accounting firm KPMG violated rules aimed at maintaining auditors’ independence from their clients and will pay Rs 8.2 million to settle the charges
01/25/2014
The disclosure on the FINRA site doesn’t specifically accuse Bank of America of any wrongdoing.
01/24/2014
Prosecutors said he collected money from friends and former classmates for a hedge fund, but used the money to cover personal expenses, as well as to make Ponzi-style payments to investors.
01/24/2014
Class-Action Suit Alleges Bank Defrauded Investors
01/24/2014
Leading law firm launches new Operational Intelligence Group
Operational Intelligence Group set up in anticipation of more global risk and regulatory changes
01/24/2014
JPMorgan's chief executive Jamie Dimon hit back at the US government for a raft of 'unfair' fines related to the mortgage securities scandal that ended up costing the Wall Street giant billions of dollars in settlements.
01/23/2014
Investors rely on truthful and complete disclosures about valuation methodologies and fund fees and expenses
01/23/2014
Credit Suisse is one of about a dozen Swiss banks that are under criminal investigation by the U.S. for allegedly helping Americans evade taxes by using Switzerland's bank-secrecy laws to hide assets.
01/23/2014
Proskauer appoints head of its tax practice
In the last 12 months alone, he advised on deals with an aggregate value exceeding $26 billion.
01/23/2014
The row over global audit firms in China has taken a new turn
01/22/2014
Mr. Weil was arrested during a visit to Italy late last year and then agreed to be extradited to the U.S.
01/20/2014
New York Attorney General Eric Schneiderman has abandoned his effort to obtain damages from Bank of America Corp over its purchase of Merrill Lynch & Co
01/20/2014
US regulators continue to find weaknesses in the way that HSBC Holdings tries to prevent money laundering
01/17/2014
This is good news for countries around the world