11/15/2022
Former Morgan Stanley CEO on Swiss banks: Secrecy is 'their nature'
It also promised to reveal any hidden bank accounts.
Legal, Regulation & Compliance
11/14/2022
Roger Ng Sues Ex-Boss Tim Leissner for Alleged Fraud
The complaint also highlighted the predicament that Ng faced as he was deprived of funds to defend himself in the 1MDB case, which was allegedly stolen by Lessiner to cover his own defense costs in a related case.
11/11/2022
AIG Announces Five-Year Employment Agreement with Peter Zaffino
I look forward to continuing to build on our significant momentum on our journey to become a top performing company and market leader in everything we do.
11/09/2022
Canada's BMO books $834 mln charge over U.S. Ponzi lawsuit loss
The sums became unavailable for repayment to creditors when the fraud was uncovered in 2008, a trustee said in the lawsuit.
11/08/2022
Central Bankers Diverge, As Investors Go Bottom Fishing
The Federal Reserve last week only confirmed the market’s long-held suspicion that the central bank would have to target higher policy rates
11/08/2022
Columbia banking systems announces agreement to sell seven Washington and Oregon branches to 1st Security Bank
Branches are Being Divested to Satisfy U.S. Department of Justice (DOJ) Requirements for Columbia's Pending Merger with Umpqua
11/04/2022
IDB bank leads $100MM revolving credit facility for Dwight funding
Ben Brachot, Dwight's Co-founder, shared that this facility supports the continued growth of the modern lender's robust portfolio.
11/04/2022
Bissinger, Oshman, Williams & Strasburger Honored as Top Commercial Litigation Firm
Houston boutique also honored for bankruptcy litigation, mass tort defense
11/04/2022
SEC introduces rule on outsourcing for investment advisers
SEC proposes new oversight requirements for certain services outsourced by investment advisers.
11/04/2022
Morgan Stanley to commence job cuts as amid subdued dealmaking
Majority of the rest of the cuts might cover other teams responsible for both onshore and offshore businesses in China.
11/03/2022
Wells Fargo expected to cut more jobs
Mortgage loan officers are the anticipated target
11/03/2022
Choreo Inks Deal for $1.8B RIA Enso Wealth Management
Choreo had $9.6 billion in regulatory assets under management as of its its latest Form ADV, filed in July.
10/31/2022
Kroll Named Best Regulatory and Compliance Firm at Private Equity Wire US Awards 2022
Pre-selection for these awards was provided by Bloomberg and based on annualized performance over a 12-month period from May 31, 2021, to May 31, 2022.
10/31/2022
Convicted LIBOR rigger Tom Hayes has US charges thrown out
Served over five years
10/28/2022
TD Asset Management Inc. Announces Risk Rating Change to the TD Global Technology Innovators Index ETF
This risk rating change is based on the standardized risk classification methodology mandated by the Canadian Securities Administrators
10/27/2022
SEC Proposes New Rule for Investment Advisors Who Outsource Essential Functions
The commission approved the proposal by a three-to-two party-line vote with the two Republican commissioners voting against the measure
10/26/2022
Bill Hwang Urges End to SEC Lawsuit Against «Legitimate» Practices
The SEC declares unlawful a number of practices that have long been accepted as entirely legitimate and commonplace in the market,» Hwang indicated in his filing.
10/26/2022
Deceptive fund name crackdown puts investment managers on edge
SEC proposal criticised as ‘unhelpfully blunt’ measure that could discourage stockpicking
10/21/2022
End of the Rate Hike Cycle in Sight: Manager
PenderFund’s fixed income specialist argues central bank tightening nears an end and the prospects for high-yield bonds are improving.
10/18/2022
Credit Suisse Group Reaches Settlement in RMBS Legacy Case
The settlement, for which Credit Suisse is fully provisioned, marks another important step in the bank’s efforts to pro-actively resolve litigation and legacy issues.