08/22/2012
Julius Baer seems to have widespread shareholder support for acquiring Bank of America Corp.’s non-U.S. Merrill Lynch units, the Zurich-based newspaper reported, citing an interview with Enkelmann, who added that a “good portion” of the
08/22/2012
Commerzbank has become the latest bank to admit it faces being fined as part of a US investigation into sanctions busting by international financial institutions.
08/21/2012
The bank also said that it had initiated discussions with UK and US authorities to discuss its historical compliance with the relevant regulations and laws, “including US economic sanctions”
08/20/2012
Julian Assange speaks to the public from a window of the Ecuadorian embassy in London today, where he urged that the U.S. "renounce its witch-hunt against WikiLeaks," the whistle-blowing organization he founded.
08/20/2012
An 83-year-old Massachusetts man who held Swiss bank accounts at Credit Suisse Group AG (CSGN) and Wegelin & Co.
08/20/2012
Whitman Capital LLC hedge fund founder Doug Whitman was convicted of insider trading following a trial in which he spent more than two days on the stand telling jurors he was innocent.
08/20/2012
The JOBS Act was signed into law by President Barack Obama on April 5, 2012, and contains the lifting of the advertising ban for small businesses among other things.
08/16/2012
When the alleged Ponzi-scheme collapsed, Global Bullion Trading Group, Capital Assessment Management, and Certified, Inc., all filed for bankruptcy.
08/16/2012
His request was captured on a phone call secretly recorded by Ms. Khan at the direction of the FBI.
08/16/2012
The brokerage didn’t have enough controls in place to detect that Jared Weinryt, 31, had breached his $116 million trading limit as he made overnight bets on futures, Finra said this month.
08/16/2012
The Securities and Exchange Commission has announced fraud charges against a former college football coach who teamed with an Ohio man to conduct an $80 million Ponzi scheme that included other college coaches and former players among its victims.
08/16/2012
The Bank of England, which will soon take over many regulatory responsibilities from the FSA, and the chancellor have also made their concerns clear.
08/15/2012
The claim, which lists damages of as much as $50 million, is a necessary step before a lawsuit can be filed, Flanagan said by telephone.
08/15/2012
Subpoenas were sent in recent weeks to five of the banks, Deutsche Bank AG (DBK), Royal Bank of Scotland Group Plc and HSBC Holdings Plc (HSBA) in addition to JPMorgan and Barclays, said the person. Citigroup Inc. (C) and UBS AG (UBSN) received subpoenas
08/15/2012
Julius Baer and Zuercher Kantonalbank also said they received authorization. HSBC said it has delivered documents and is cooperating with the U.S.
08/15/2012
But the 335-page investigative report into money laundering violations contained a trove of information about HSBC’s dealings in the Middle East, including Iran and Syria.
08/15/2012
Impending end of year deadline affects all foreign institutions with US clients
08/14/2012
Olenicoff, who built his fortune as the chief executive officer of Newport Beach, California-based Olen Properties Corp., pleaded guilty in 2007 to filing a false tax return.
08/13/2012
Washington, however, must factor forthcoming elections into its thinking, and Germany is delaying ratification of a tax deal key to Switzerland's efforts to strike similar agreements elsewhere in Europe.
08/13/2012
The event attracts local luminaries such as musician Paul Simon and hedge- fund managers and their families from nearby Greenwich.