08/18/2020
The case could expose internal rifts that would normally remain outside of public view, though most of the bankers who may be called to testify are no longer with Wells Fargo. A trial has been scheduled for next summer.
08/17/2020
The agencies also listed four pillars for an institution’s AML compliance program.
08/17/2020
Repercussions from high profile scandals and compliance failings hit US, Israeli, Nordic and German banks hardest
08/17/2020
The Notes will be general unsecured obligations, subordinated in right of payment to the Company’s obligations under its revolving credit facility.
08/17/2020
The wayward transfer of nearly a billion dollars appears to be one of the biggest screw-ups on Wall Street in ages, and it’s set tongues wagging in financial markets.
08/14/2020
NBC News reported that Wells Fargo had placed customers into a program, without their permission, that suspended payments on federally backed mortgages.
08/14/2020
For years the U.S. has led the way in imposing major anti-money laundering (AML) fines, but regulators in Europe have recently started taking a much tougher line.
08/14/2020
SEI dropped Neuberger Berman in favor of JO Hambro Capital Management in July.
08/13/2020
The Report noted that although private dealers and auction houses are not legally required to implement AML policies, they must comply—like everyone else
08/13/2020
iCapital's platform will augment PGIM Investments’ distribution and servicing capabilities, supporting financial advisors and their high-net-worth clients by allowing them to more easily access PGIM’s real estate, private credit and other
08/12/2020
The Ogier team was led by partner Michael Killourhy and included senior associate David Mathews.
08/12/2020
HashCash Consultants is helping a UAE based global bank to integrate blockchain-based digital identity verification processes, to streamline the essential banking operations for the management as well as the customers.
08/12/2020
Approximately $25 million of the $146 million in client assets Riley oversaw at JPMorgan have transferred to his new employer thus far, according to the bank’s lawsuit.
08/12/2020
Trillion-dollar asset manager will integrate iCapital Network technology to power seamless alts experience for HNW advisor channel
08/11/2020
A potential sale of Canaccord outright is low, as there may be a limited pool of potential buyers interested in Canaccord’s globally distributed and diverse assets.
08/11/2020
Over the weekend, both the Hong Kong Monetary Authority and Securities & Futures Commission have issued notices in response to these designations.
08/07/2020
While cautiousness looks justified on ongoing fragile recovery, the 2021 BoE's scenario looks too optimistic without any further support from the economic policy.
08/07/2020
Schroders’ experts share their views on the 2020 US presidential race; from what the polls are telling us, to the potential impact on markets and policy.
08/07/2020
Alkami brings Glia's digital-first customer support platform to clients within an integrated cloud-based product suite
08/07/2020
With the new FIRRMA regulations now implemented, which allow Declarations to be filed for all transactions, investors should closely monitor these trends and CFIUS’s execution of its expanded jurisdiction.