11/26/2014
The alleged event is said to have taken place in March 2010, when HSBC advised British insurer Prudential PLC on a huge acquisition and was working on a related multibillion-dollar currency deal.
11/26/2014
Bill Murphy’s outspoken GATA organisation has been claiming for decades that the world’s major banking institutions have been manipulating the gold price.
11/25/2014
Citigroup, which settled the allegations with FINRA, neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
11/25/2014
Fed Says Big Bank’s Bankruptcy Plan Is Better Than Peers
11/24/2014
The government has brought six prosecutions since 2013 related to the collapse of Wilmington Trust as an independent bank.
11/24/2014
The relief comes after a successful campaign by the Private Investor Coalition for an exemption for single family offices.
11/23/2014
The hacking of JPMorgan has exposed the potential vulnerability of the global financial system to cyberattacks
11/23/2014
Mayer Brown, a leading global law firm, announced the promotion of 21 of its lawyers worldwide to partner. The appointments take effect January 1, 2015.
11/21/2014
The U.S. Securities and Exchange Commission has resolved an impasse over punishing Bank of America Corp. in a mortgage case, clearing the way for the Charlotte lender to complete a $16.7 billion global settlement
11/21/2014
The AFL-CIO, the nation’s largest labor organization, called on seven Wall Street banks to explain why the firms pay additional compensation to some employees who leave for high-ranking government positions.
11/20/2014
The decision includes $853,000 in punitive damages
11/20/2014
The Securities and Exchange Commission today voted to adopt new rules designed to strengthen the technology infrastructure of the U.S. securities markets.
11/19/2014
Victims of Bernard Madoff’s Ponzi scheme will split another $500 million, bringing the total recovered to $10.3 billion.
11/19/2014
Bank of Tokyo-Mitsubishi fined $315m for 'misleading regulators'
BTMU Pressured its Consultant, PwC, to Remove Key Warnings to Regulators on Bank’s Transactions with Sanctioned Countries, Including Iran, Sudan, Myanmar
11/19/2014
Older systems to catch misconduct, still in use at some firms, pick through conversations for trigger words, but they can be easily circumvented.
11/17/2014
JPMorgan settles with owners of Texas shale-rights
The trust beneficiaries accused the bank, which was supposedly working on their behalf
11/17/2014
Credit Suisse Among Banks in Limbo Over Regulatory Waiver
Wall Street has hit an unexpected stumbling block in its efforts to move beyond government enforcement actions.
11/17/2014
But the judge denied Patricia Cohen's bid for so-called Wells notices sent to Cohen by the U.S. Securities and Exchange Commission and any responses he provided.
11/16/2014
Federal regulators published a final risk-retention rule that requires sponsors of securitized financial assets to retain a minimum of 5% of the credit risk unless certain exceptions are met.
11/14/2014
Ex-Swiss private banker charged in U.S. for tax scheme
The bank was not identified by name in court papers, but was described as an institution that purported to be the oldest private bank in Zurich.