11/15/2015
Standard Chartered's Swiss Bank Will Pay $6.3 Million to U.S.
The Swiss Bank Program, which was announced on Aug. 29, 2013, provides a path for Swiss banks to resolve potential criminal liabilities in the United States.
Legal, Regulation & Compliance
11/14/2015
U.S. Justice announces Standard Chartered reaches resolution under Swiss bank program
The Department of Justice has announced that Standard Chartered Bank Switzerland SA, en liquidation SCB Switzerland, reached a resolution under the department’s Swiss Bank Program.
11/14/2015
The Bank Of Canada Is Siding With Bitcoin
The region is home to seven of Deloitte’s Canadian Technology Fast 50 FinTech companies, and the financial tech industry is growing fast.
11/12/2015
JPMorgan's accused hackers had vast $100 million operation
American prosecutors say they have identified the people involved in hacking JPMorgan Chase last year.
11/12/2015
Dechert Advises Stifel in Acquisition of Eaton Partners
Dechert partner Ken Young led the team advising Stifel.
11/12/2015
UK leads on anti-corruption push, U.S. and China lag, campaigners say
Governments and campaign groups are concerned about company ownership transparency because webs of companies in secretive locations are important vehicles for money laundering.
11/11/2015
PIMCO Hits Back at Gross Lawsuit
The Newport Beach investment giant has questioned the grounds of its former co-CIO’s $200 million legal complaint in its official response.
11/11/2015
Aspiriant Plans to Buy Another California Wealth Firm
Hokanson’s San Diego office will become the buyer’s fourth location in California and ninth in the U.S. overall.,
11/11/2015
Brazil lower house passes amnesty for unreported offshore assets
The bill passed the House by a vote of 230-213; it must still be approved by the Senate.
11/11/2015
Three charged in record cyber-attack on financial firms
Three men have been charged in relation to the largest cyber-attack on financial firms in US history.
11/06/2015
British Traders Facing US Jail Over Libor
A senior British banker slumps over a table in court after being convicted of plotting to rig the benchmark interest rate Libor.
11/05/2015
Deutsche Bank to pay $258m penalty for violating US sanctions
The US government prohibits doing business in countries such as Iran, Syria, Libya and Sudan as they are considered havens for possible terrorist financing.
11/05/2015
Terrorism victims sue BNP Paribas for violating sanctions
BNP was laundering money for clients in Sudan in the years leading up to the bombing
11/05/2015
SEC Announces Whistleblower Award of More Than $325,000
No money is taken or withheld from harmed investors to pay whistleblower awards.
11/05/2015
U.S. News & Best Lawyers Names McDermott “Tax Law Firm of the Year” and Awards Firm Top Rankings in More than 20 National Practices
The U.S. News – Best Lawyers® “Best Law Firms” rankings are based on a rigorous evaluation process
11/05/2015
Ex-JPMorgan U.S. adviser pleads guilty to embezzling $22 million
Under a plea agreement, Oppenheim has agreed to waive his right to appeal any prison term of about 10 years or less and forfeit $22.4 million and pay $27.3 million in restitution.
11/04/2015
SEC Charges Private Equity Firm and Four Executives With Failing to Disclose Conflicts of Interest
The case was supervised by Panayiota K. Bougiamas of the Asset Management Unit.
11/03/2015
U.S. Placed Above Cayman Islands in Financial Secrecy Blacklist
Singapore and the Cayman Islands were placed fourth and fifth in the TJN rankings
11/02/2015
CIBC Comments on Cerberus' Lawsuit
Since 2008, CIBC has satisfied its obligations including making 84 monthly payments totaling more than $1.24 billion
11/02/2015
Credit Suisse Brokers Fret over Wells Fargo Recruitment Deal
As Credit Suisse offloads the business, Wells Fargo has stepped in to offer its brokers a sign-up deal of 300% of annual fees and commissions — with two major caveats