11/15/2012
In 2010, the Foreign Account Tax Compliance Act (FACTA) was passed. In essence, it is a program aimed at uncovering undeclared income hidden by Americans in banks around the world.
11/15/2012
JP Morgan has been banned from trading electricity in the US after a regulator accused the bank of making "egregious" misrepresentations during an investigation into alleged market manipulation.
11/15/2012
The Office of the Comptroller of the Currency will give the cease-and-desist order
11/14/2012
The UCITS fund in question, Thema International Fund, has sued HSBC itself, seeking the roughly €1 billion it lost when Madoff was arrested.
11/13/2012
It is anticipated that the partners will be accompanied by associates and other staff, and that WilmerHale's entire Private Client Practice will move
11/13/2012
Officials have reached a $210 million settlement with Ivy Asset Management
11/11/2012
Wall Street banks will not meet a January deadline to begin implementing new global capital rules, potentially handing New York an advantage over London as the financial centres vie for dominance.
11/11/2012
Morgan Stanley is suing a former employee who was convicted of insider trading in order to recover $33 million it said it paid U.S. regulators to settle civil claims relating to the crimes, court papers showed.
11/08/2012
South Florida attorney Scott Rothstein ran a massive investment scam which traded in fictitious structured settlements from purported high-profile lawsuits.
11/08/2012
The Treasury Department has already concluded a bilateral agreement with the United Kingdom
11/07/2012
A Facebook investor is seeking arbitration for $1.9 million in damages from the botched IPO, but Morgan Stanley argues it shouldn't proceed because the investor isn't Morgan Stanley's customer, according to a report.
11/06/2012
The Securities and Exchange Commission and Financial Industry Regulatory Authority are also probing the matter, sources said.
11/05/2012
Christos Bagios, a former banker at UBS AG and Credit Suisse Group arrested
11/05/2012
Merrill Lynch must pay roughly $1.2 million to a former broker who was wrongly blamed for mishandling a client's stock sale and fired, an arbitration panel ruled.
11/04/2012
Citigroup Inc., HSBC Holdings Plc and JPMorgan Chase & Co. join Deutsche Bank as firms that will be targeted for a capital surcharge of 2.5 percent, according to an updated list published yesterday by the Financial Stability Board.
11/01/2012
The money in question totals $736,060, according to court records.
11/01/2012
Those who refuse to do so risk having their applications denied
10/31/2012
Barclays reports third-quarter loss as US authorities mull fine over energy trading and Middle East fundraising faces scrutiny
10/30/2012
Barclays, already rocked by an interest rate rigging scandal, unveiled two new US regulatory investigations into the bank's financial probity on Wednesday and said its profit was hit by charges for mis-selling insurance.
10/29/2012
Massachusetts officials said Friday they have unearthed violations committed by Citigroup’s research department surrounding Facebook’s IPO and its coverage of Google — the results of which have cost two Citi analysts their jobs.