04/09/2014
In one YouTube video, an apparent investor is polishing his new Cadillac as a friend proclaims, “What an amazing car! How can you afford this?”
04/08/2014
Arbitration panel has held the firm liable for misrepresenting Lehman Structured notes as suitable for clients
04/08/2014
Citigroup has announced that it has reached an agreement with 18 institutional investors, represented by Gibbs & Bruns LLP, regarding the resolution of certain legacy Securities and Banking private-label securitization representation and warranty re
04/08/2014
A trial attorney from the Securities and Exchange Commission said his bosses were too “tentative and fearful” to bring many Wall Street leaders to heel after the 2008 credit crisis, echoing the regulator’s outside critics.
04/08/2014
The Volcker rule, aimed at banning proprietary trading, would have forced banks to divest their CLO investments, resulting in billions of dollars in losses.
04/08/2014
A Norway native admitted in federal court in San Diego Tuesday to using counterfeit and forged securities to steal more than $2 million from investors over a recent 13-month period.
04/08/2014
The banks’ deposit-holding subsidiaries will have to achieve a ratio of 6 percent. The subsidiaries are subject to a stricter ratio requirement because the deposits are insured by the government.
04/07/2014
Sustainability advocacy group Ceres, in collaboration with BlackRock and other major institutional investors across the globe, announced an initiative to engage global stock exchanges, via the World Federation of Exchanges, on a uniform standard for susta
04/07/2014
The U.S. Securities and Exchange Commission has put together a dedicated group to examine private equity and hedge funds, after the 2010 Dodd-Frank law required the funds to be regulated
04/03/2014
He and another one-time trader at the bank, Javier Martin-Artajo, are considered fugitives by the U.S. government for not coming to the United States to face trial over charges stemming from the so-called London Whale scandal.
03/31/2014
He has good experience understanding the inner workings
03/31/2014
Speech by Mr Daniel K Tarullo, Member of the Board of Governors of the Federal Reserve System, at the Harvard Law School
03/31/2014
New York investment manager Alphonse “Buddy” Fletcher Jr. is being sued by the MBTA Retirement Fund and some of his own hedge funds on accusations that he defrauded them of more than $50 million.
03/28/2014
Regulators have been very active in the wake of the financial crisis
03/28/2014
Many investment managers are still coming to grips with the related operational, staffing, and budgetary requirements of the Foreign Account Tax Compliance Act (FATCA), according to a paper by SEI.
03/27/2014
UBS AG suspended foreign-exchange traders in the U.S., Singapore and Switzerland as its investigation into the alleged rigging of currency markets widened.
03/27/2014
Kenneth Lewis, who turned Bank of America Corp into the nation's largest bank but also saddled it with enormous losses tied to mortgages, has settled a lawsuit accusing him of deceiving investors about one of his biggest acquisitions: Merrill Lynch &
03/27/2014
American, Canadians Accused of Money Laundering in the Caribbean
They were indicted for conspiracy to launder monetary instruments
03/27/2014
Silver investors failed to show that JPMorgan Chase & Co conspired to drive down the metal's price, and an antitrust lawsuit accusing the largest U.S. bank of price-fixing should be dismissed
03/26/2014
David Einhorn, the hedge fund manager, dropped a lawsuit aimed at unmasking an anonymous blogger on the Seeking Alpha financial website, who had discussed one of his fund’s stock positions before it was publicly announced.