09/25/2013
A former accountant for Bernard Madoff has been indicted on charges he helped the convicted swindler defraud thousands of customers in the Ponzi scheme masterminded by Madoff, nearly five years after the fraud was uncovered.
09/24/2013
The future of Goldman Sachs’ and Morgan Stanley’s commodity businesses faces even greater uncertainty after a key deadline
09/24/2013
This fine comes alongside action from the United Kingdom’s Financial Conduct Authorit
09/23/2013
Though the Roth IRA was created to make it easier for individuals to save for retirement, complaints remain.
09/22/2013
The banks have been discussing the issue with the regulator behind closed doors for five years, since converting to Fed-regulated banks at the peak of the financial crisis in September 2008
09/22/2013
Toronto-Dominion Bank will pay $52.5 million US in civil penalties to settle charges by U.S. regulators that it violated securities laws in connection with a Ponzi scheme
09/22/2013
Goldman Sachs Group Inc, Wachovia Corp, a unit of Wells Fargo & Co and Residential Funding Securities LLC, now Ally Securities, also sold faulty securities to Southwest
09/22/2013
Federal authorities indicted a former executive vice president at Qualcomm on Monday, saying that he was the mastermind of an elaborate insider trading scheme.
09/19/2013
So where does this leave Switzerland's legal powerhouses?
09/18/2013
JP Morgan has confirmed it is paying $920 million (£573 million) to a group of regulators.
09/17/2013
The blue blooded investment bank is close to settling investigations into its £3.9billion London Whale losses
09/17/2013
"We expect to have a complete exit of the portfolio over the next four to five years," a spokesman told Reuters.
09/15/2013
It may be part of an attempt to tell the government that this case is weaker than you think, and you’ll be embarrassed
09/15/2013
HSBC accepted responsibility at the time and said it’s “a fundamentally different organization from the one that made those mistakes.
09/15/2013
Wells Fargo & Co. (WFC:US), the largest U.S. home lender, would survive $29.7 billion of loan defaults under a company-run stress test and stay above minimum regulatory capital levels in a severe economic downturn.
09/14/2013
Her practice focused on enforcement defense and regulatory counseling of financial services firms.
09/12/2013
AN investor who sued UBS AG to recover more than US$8 million over an alleged mismanagement of his investment portfolio in the global financial crisis following the collapse of Lehman Brothers has withdrawn his suit after three days of trial.
09/12/2013
JPMorgan Chase & Co plans to spend an additional $4 billion and commit 5,000 extra employees to fix risk and compliance issues after a slew of investigations by regulatory authorities.
09/12/2013
In a surprise move, the Securities and Exchange Commission scuttled a proposed settlement between the former managers of the Reserve Primary Fund and the agency
09/12/2013
A lawyer for a former JPMorgan Chase & Co employee who worked with "the London Whale" Bruno Iksil, has been trying to convince U.S. prosecutors that his client was the unwitting victim of manipulation by his superiors.