12/03/2015
Morgan Stanley to Recruit Credit Suisse''s Latin America Brokers -- 2nd Update
The transition is expected to be completed in the first half of next year.
Legal, Regulation & Compliance
12/02/2015
SEC sanctions Grant Thornton and two partners for multiple audit failures
Both companies eventually faced SEC enforcement actions for improper accounting and other violations.
12/02/2015
SEC Revives Failure To Supervise Case Against Billionaire Steven A. Cohen
The ongoing nature of the case indicates the SEC believes it can succeed in showing Cohen bred a culture that fostered and even rewarded insider trading.
12/01/2015
Banking Priorities Change in Response to Digital Challenges
This shift in emphasis manifests itself in the fact that updated technology is banking’s biggest priority this year up from number 4 last year and that, for the third consecutive year
12/01/2015
Central banks pulling in different directions
The ECB's likely decision contrasts with the recent on hold monetary policy judgement by the Bank of Japan.
12/01/2015
SEC Charges Bitcoin Mining Companies
The first computer or collection of computers to solve an equation is awarded new units of that virtual currency.
11/30/2015
RBC Global Asset Management announces planned changes to U.S. money market funds
RBC Global Asset Management has over $28 billion in global institutional cash management assets
11/30/2015
Improved, Easy Access to Swiss Wealth Managers – Americans Welcome
The Swiss platform WHERE AMERICANS ARE WELCOME (WAAW) has added new features for improved, easy access to Swiss wealth managers dedicated to serving American clients.
11/30/2015
FINRA Expedites Public Disclosure of Advisor Terminations
The original waiting period was set up to give advisors the opportunity to comment on any reported disclosure events.
11/28/2015
Ex-BofA employee: My firing was ‘act of violence”
Krawcheck reveals all in a new podcast interview series called “Radiate” with Bloomberg journalist Betty Liu.
11/27/2015
Swiss agree to send bank info regarding FIFA cases to U.S.
"An order always affects a single holder of one or multiple accounts at a single bank," Galli said.
11/26/2015
Wall St. Faces Mounting Criticism From Regulators
And that will not be an outcome that will appeal to anyone running a powerful Wall Street firm.
11/26/2015
Dechert Wins Multiple M&A Advisor Awards
This year, more than 280 nominees representing more than 690 companies became finalists for the awards.
11/26/2015
Cooperating Witness in SAC Capital Trial to Be Sentenced
The discussion about Mr. Lee’s value as a potential witness against Mr. Cohen’s former hedge fund was disclosed in a letter to Judge P. Kevin Castel
11/25/2015
BTG Pactual CEO Esteves Arrested In Brazil's Graft Probe, Police Say
Esteves is under temporary arrest for a maximum of five days, according to an official for the federal Supreme Court, which authorized the action.
11/25/2015
Deutsche Bank's Swiss Unit to Pay $31 Million in Tax Case
The Department of Justice has announced that Deutsche Bank (Suisse) SA (Deutsche Bank Suisse) reached a resolution under the department’s Swiss Bank Program. Deutsche Bank Suisse will pay a penalty of more than $31 million.
11/25/2015
Accountants eye return on audit help for wealthy
More audits for the wealthy mean more work for those accounting firms with a family office practice.
11/24/2015
Judge approves Merrill Lynch-Fund settlement agreement, fees
The court recognized that neither of the parties opposed the agreement.
11/24/2015
US Treasury to tighten corporate tax inversion rules
As Treasury Secretary Jacob Lew said in a statement Thursday: "Only legislation can decisively stop inversions".
11/24/2015
Justice Department Announces Privatbank IHAG Zürich AG Reaches Resolution Under Swiss Bank Program
IHAG will pay a penalty of more than $7 million.