01/24/2014
Judge Says Goldman Must Face CDO Suit
Class-Action Suit Alleges Bank Defrauded Investors
Legal, Regulation & Compliance
01/24/2014
Leading law firm launches new Operational Intelligence Group
Operational Intelligence Group set up in anticipation of more global risk and regulatory changes
01/24/2014
JPMorgan CEO Jamie Dimon Cries that $13bn Mortgage Scandal Fines Were 'Unfair'
JPMorgan's chief executive Jamie Dimon hit back at the US government for a raft of 'unfair' fines related to the mortgage securities scandal that ended up costing the Wall Street giant billions of dollars in settlements.
01/23/2014
Former Oppenheimer Fund Manager Agrees to Settle Fraud Charges
Investors rely on truthful and complete disclosures about valuation methodologies and fund fees and expenses
01/23/2014
Credit Suisse Settlement with U.S. Could Top $800 Million
Credit Suisse is one of about a dozen Swiss banks that are under criminal investigation by the U.S. for allegedly helping Americans evade taxes by using Switzerland's bank-secrecy laws to hide assets.
01/23/2014
Proskauer appoints head of its tax practice
In the last 12 months alone, he advised on deals with an aggregate value exceeding $26 billion.
01/23/2014
SEC issues ban on Big Four over China audits
The row over global audit firms in China has taken a new turn
01/22/2014
U.S. Gears Up for Trial of Former UBS Executive Weil
Mr. Weil was arrested during a visit to Italy late last year and then agreed to be extradited to the U.S.
01/20/2014
NY AG won't ask Bank of America for damages but Merrill case goes on
New York Attorney General Eric Schneiderman has abandoned his effort to obtain damages from Bank of America Corp over its purchase of Merrill Lynch & Co
01/20/2014
US regulators still dissatisfied with HSBC
US regulators continue to find weaknesses in the way that HSBC Holdings tries to prevent money laundering
01/17/2014
Supreme Court To Rule On Hedge Funds Targeting Foreign Assets
This is good news for countries around the world
01/17/2014
Former Morgan Stanley wealth manager says sex tapes made with three women were accidentally recorded by camera meant to watch his dog:prosecutors
“I have this camera set up in my apartment to watch my dog when I'm not there,” John C. Kelly allegedly told prosecutors
01/16/2014
Deutsche, Citi Face Forex Pressure
London office and that Deutsche Bank AG had suspended several employees as part of a sprawling investigation into practices by currency traders.
01/16/2014
Regulators Say Banks Still Not Adequately Tracking Counterparty Risk
In the aftermath of the crisis, progress measuring counterparty risk remains uneven and unsatisfactory, according to the report of the Senior Supervisors Group, which is comprised of senior financial global supervisors.
01/16/2014
US bankruptcy judge turns down Detroit deal with banks
A US bankruptcy judge rejected a deal on Thursday that would have allowed Detroit to pay two banks $165 million to conclude a disastrous pension debt agreement, which has been partly blamed for bankrupting the city.
01/14/2014
Bennett Thrasher Adds Four New Professionals and Elevates Five to Partnership
Bennett Thrasher LLP, one of the largest Atlanta-based, full-service accounting, audit and consulting firms, and the firm’s affiliate, BT Wealth Management, are pleased to announce the addition of four professionals and the elevation of five of the
01/14/2014
U.S. Regulators Close to Easing Part of ‘Volcker Rule’
Regulators are close to issuing a rule designed to provide relief to banks that want to own certain types of debt investments without running afoul of the so-called Volcker rule.
01/14/2014
Rabobank Ex-Traders Charged With Yen Libor Rigging
Three former Rabobank traders were charged by the U.S. with engaging in a five-year scheme to manipulate benchmark interest rates as international probes of rate rigging escalate.
01/14/2014
SEC and FINRA Examination Priorities for 2014 - Withers
U.S Securities and Exchange Commission and the Financial Industry Regulatory Authority release priorities for the SEC’s examinations of investment advisers and investment companies and FINRA’s examinations of broker-dealers.
01/13/2014
Court Rejects Banking Associations’ Challenge to Regulations Addressing Offshore Tax Avoidance
Today the District Court in the District of Columbia dismissed a challenge filed by the Florida Bankers Association and Texas Bankers Association challenging 2012 amendments to the Department of the Treasury’s interest-reporting regulations.