05/15/2014
Citigroup Inc., the U.S. bank investigating a $400 million loan fraud at its Mexico unit, fired 11 people for failing to prevent or discover the wrongdoing and said more will face punishment.
05/15/2014
The US Justice Department is seeking tough criminal penalties against European giants Credit Suisse and BNP Paribas as prosecutors aim to demonstrate that no institution is "too big to jail."
05/15/2014
The Securities and Exchange Commission today charged a Tiburon, Calif.-based securities salesman for selling millions of dollars in oil-and-gas investments without being registered with the SEC as a broker-dealer or associated with a registered broker-dea
05/13/2014
The Securities and Exchange Commission scored a victory on Monday as a jury said the wealthy Wyly brothers committed civil fraud using a complex web of offshore trusts to hide stock sales and reap $550 million in profits.
05/13/2014
The SEC’s investigation was conducted by Janet Weissman and Alka N. Patel of the Los Angeles Regional Office
05/13/2014
President Plosser believes that the Federal Reserve Board staff's model, called FRB/US, seems to be a reasonable starting point for providing economic forecasts based on those rule-based policies.
05/12/2014
The firms argued they were trapped between US law
05/12/2014
U.S. Advances Offensive on Use of Swiss Insurance to Hide Assets
The NPA applies only to the four specific entities that are party to it and does not apply to any other subsidiaries of swisspartners Investment Network AG or any individuals.
05/12/2014
The regulator said the unit treated the phrases interchangeably, even though indications of interest lead to share purchases only if investors reconfirm them, while conditional offers to buy can result in binding share purchases unless investors revoke th
05/12/2014
A senior JP Morgan executive has been fined $20,000 and banned from being employed by any company operating in the Qatar Financial Centre over acts of "serious misconduct".
05/12/2014
The U.S., which has been investigating Credit Suisse for at least three years into whether it helped Americans evade taxes
05/09/2014
Powerball-winning Florida adviser with stake in fund accuses firm of breaching fiduciary obligations
05/08/2014
Colorado lawmakers approved the first financial system for the marijuana industry Wednesday
05/08/2014
Indian-origin executive charged with fraud in US
An Indian-origin executive at an investment advisory firm here has been charged by the US Securities and Exchange Commission with fraud and of siphoning investor proceeds to pay for his luxury car payments and settle other personal expenses.
05/08/2014
The general mood among the speakers and delegates was that the increased transparency created by FATCA
05/08/2014
Concern that regulatory scrutiny will curb the market for collateralized loan obligations may have been overblown.
05/07/2014
Coutts braced for hit from US tax inquiry into Swiss bank clients
Coutts said it was ‘taking a judicious approach to its involvement’ with the US Department of Justice settlement
05/07/2014
The regulator has not accused any of the banks of wrongdoing, the paper said.
05/07/2014
Plaintiffs say the firm breached its fiduciary duty in selling proprietary funds that were not in the best interests of clients
05/07/2014
Hedge Fund Advisory Firm Accused Of Distributing Falsified Performance Results
The Securities and Exchange Commission today announced fraud charges and an asset freeze against a New York-based investment advisory firm and two executives for distributing falsified performance results to prospective investors in two hedge funds they m