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.
03/26/2014
Osborne Clarke is to open in San Francisco, six months after the firm sent a heavyweight contingent to launch an office in Manhattan.
03/21/2014
Cantor& Webb has been shortlisted as one of nine finalists for the 2014 Citywealth Magic Circle Awards in the category of International Law Firm of the Year, USA by UK based Citywealth magazine.
03/21/2014
Deutsche Bank countered that buybacks were the only remedy, and that HSBC failed to identify which loans were covered
03/21/2014
The latest Indicator results verify a growing number of U.S. banks and credit unions are more proactively addressing regulatory change and potential risks
03/21/2014
All big banks but one pass Fed stress test
03/21/2014
Those being designated for acting for or on behalf of or materially assisting, sponsoring, or providing financial, material, or technological support for, or goods or services to or in support of, a senior official of the Government of the Russian Federat
03/21/2014
A US bank regulator has said the Volcker rule, which separates investment banking and trading practices from banks' consumer lending arms, could mean a one-off cost to the industry of up to $4.3bn.
03/19/2014
Bugatti-Driving 26-Year-Old Tied to Penny-Stock Website
Short-sellers and stock promoters have puzzled for years over who operated one of the largest penny-stock websites. A U.S. lawsuit points to a Bugatti-driving 26-year-old from Montreal.
03/19/2014
New York Attorney General Endorses A Radical Change To The Way The World Trades Stocks
This morning New York Attorney General Eric Schneiderman declared war on high frequency traders
03/18/2014
Hundreds of investors lost millions of dollars — including retirees whose life savings were wiped out by a series of Southwest Florida-based Ponzi schemes that began unraveling five years ago.
03/18/2014
Skadden Arps Slate Meagher & Flom LLP and one of its partners have prevailed in a hedge fund's legal malpractice suit over a $14 million arbitration award that was allegedly their fault, with a New York state judge ruling that the plaintiff filed
03/18/2014
Hedge-fund and mutual-fund firms will face scrutiny of their risk-management practices in a meeting today with the top U.S. derivatives regulator.
03/18/2014
A former personal banker has been sentenced to up to five years in prison and 10 years of probation for stealing more than $2 million from her clients that she used to fund a lavish lifestyle.
03/17/2014
The civil lawsuit was filed Friday in federal court in Manhattan.