11/26/2014
Swiss-based private banking arm to pay £10m over US charge
The unit failed to register with the S.E.C. before providing advice to American clients, an omission that allowed it to avoid scrutiny in Washington.
11/26/2014
Wealth creators and preservers for America’s most affluent families will take heed of new measures that provide family offices exemption from registering with authorities as Commodity Trading Advisors.
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.