08/05/2012
The ruling is a blow to Canada's second-largest bank, which is embarking on an aggressive expansion plan in the U.S., including into the sunshine state of Florida, a second home to many snowbird Canadians.
08/05/2012
US regulators have dropped a four-year investigation into manipulation of the silver market, according to reports. The decision, if true, will take pressure off JP Morgan and HSBC who were the main focus of legal complaint that sparked the regulatory pro
08/05/2012
The part-nationalised lender made the disclosure in its half year results on Friday, where it reported a loss of £1.5bn in the first six months of 2012 and set aside £125m to cover costs related to the recent IT problems.
08/05/2012
It labelled UK-based Standard Chartered a "rogue institution".
08/02/2012
Trevor Murray was employed by UBS Securities LLC from May 2007 until he was fired in September 2009, and then returned to the company in May 2011, he said in a lawsuit filed today in federal court in Manhattan.
08/02/2012
Those two industries generate the vast majority of our economic activity.
08/01/2012
UBS Whistle-Blower Released From U.S. Prison
He began serving a 40-month sentence in January 2010 at Schuylkill Federal Correctional Institution, and received good-time credit that reduced his term, said his attorney, Stephen M. Kohn. His brother, Douglas, drove him to a halfway house i
08/01/2012
Ex-Morgan Stanley Risk Officer Sues Bank for reporting securities “flipping” by one of the firm’s wealth managers
A former risk officer for Morgan Stanley (MS) (MS) Smith Barney LLC sued the firm over claims he was unfairly fired for reporting securities “flipping” by one of the firm’s wealth managers.
08/01/2012
The move has stirred considerable opposition in Washington and from wealthy non-residents living in the US – and lawmakers buckled under the pressure in the fear that bringing in the rule would see a massive outflow of foreign investment.
07/31/2012
The tales of how difficult the bank found it to recover account files from branches around Mexico when law enforcement agencies requested them, and the details of minimal documentation on thousands of accounts opened in a virtual branch in the Cayman Isla
07/30/2012
The probe has focused on rooting out schemes to fix prices and rig bids on bond transactions, and has ensnared some of the world's largest banks.
07/30/2012
The Securities and Exchange Commission (SEC) is investigating New Oriental Education & Technology Group Inc for possible accounting irregularities, the Beijing-based firm said on July 17.
07/29/2012
Hedge Fund Portfolio Manager Sentenced to 78 Months for Operating a Multi-Million-Dollar Ponzi Scheme
A hedge fund manager has been sentenced in Brooklyn federal court to serve 78 months in prison for running a Ponzi scheme.
07/29/2012
For many asset managers the EU5 territories represents a relatively small proportion of their business.
07/29/2012
The trial, in front of U.S. District Judge Kimba Wood in Manhattan, is the result of a nationwide probe of bid-rigging involving banks and brokers including CDR Financial Products Inc.
07/29/2012
The lender claims in the suit that Libor fraud lowered interest payments it received.
07/26/2012
Geithner, Fed Chairman Ben Bernanke and U.K. banking authorities have come under fire for not doing enough to fix problems with Libor, a rate which is used for $550 trillion of interest rate derivatives contracts and influences rates on a wide array of co
07/26/2012
This is a key step towards delivering on the commitment to an intergovernmental approach to implementing the US Foreign Account Tax Compliance Act (FATCA) made by the same countries in their joint statement published on 8 February 2012.
07/25/2012
Global regulators are reviewing the rate-setting mechanism and contemplating criminal charges against bank traders who manipulated Libor
07/24/2012
The consortium has attracted interest from an array of academic, industry and regulatory researchers and two conferences have been held at which institutional investors, academics and industry experts presented new research and discussed how to better qua