10/27/2013
Revealed: Citigroup to Shake Up Panel With Reduced Roster
Citigroup will announce details of its eagerly-awaited revamped panel early next month
Legal, Regulation & Compliance
10/27/2013
Trinidad & Tobago To Sign Pact With IRS
In its most recent Financial Stability Report released October 16, covering up to June, the Central Bank said that this will happen as T&T and other Caribbean countries move to comply with the US’ Foreign Account Tax Compliance Act.
10/27/2013
SEC Charges Three Firms With Violating Custody Rule
The majority of investment advisers do not maintain custody of client assets, which are instead held by qualified third-party custodians like a bank or broker-dealer
10/27/2013
Billionaire's hedge fund could pay $1B fine in fraud case: sources
A deal could be announced as early as this week, people familiar with the matter said.
10/23/2013
U.S. Sets Bank Liquidity Plan, Says Tougher than Basel
U.S. regulators unveiled a plan on Thursday for banks to hold enough assets they can easily sell to survive a credit crunch
10/22/2013
Lehman Brothers ex-vice president in wife-biting assault charges
A wealthy former vice president at Lehman Brothers is set to go on trial for biting
10/22/2013
White & Case winner for Bagshaw and Youle
One of the world’s worst-kept secrets was let out of the bag last week when Linklaters private equity partners Richard Youle and Ian Bagshaw resigned for White & Case.
10/22/2013
Hedge Fund Manager's Wife Ordered To Pay Legal Bills In Divorce
The "astounding" costs of hedge fund manager George Sykes' divorce from his wife, Amanda, have pushed the judge overseeing the split to make a major break with precedent.
10/21/2013
Heidrick & Struggles appoints new Partner
Sean is well-known within the technology industry
10/21/2013
Ex-Jefferies Executive Loses Bid to Toss TARP Charges
Alleged victims include investment funds, among them six established by the U.S. Treasury Department in 2009 as part of its response to the financial crisis.
10/21/2013
SEC Questions Nuveen About Puerto Rico Investor Meeting
The Securities and Exchange Commission asked Nuveen Asset Management to provide information about a private gathering where Puerto Rican government officials discussed their financial plans with investors
10/19/2013
JPMorgan 'in $13bn deal with US Justice Dept'
The tentative deal, the largest ever between the US government and a single company, does not release the bank from criminal liability for some of the mortgages
10/16/2013
Morgan Stanley to Face Group Suit by Singapore Investors
A group of Singapore investors who lost money on $154.7 million in credit-linked notes were allowed by a U.S. judge to pursue their lawsuit against Morgan Stanley as a group.
10/16/2013
HSBC Hit with $2.46-bln Judgment in U.S. Class Action
The judgment by U.S. Judge Ronald Guzman in Chicago was the largest in a securities fraud class action that went to a trial
10/14/2013
Merrill Lynch agrees to settle race bias suit for $160M
The case worked its way through the federal court system for eight years—including two trips to the U.S. Supreme Court—before the parties agreed to settle it.
10/13/2013
US joins UK in probing foreign exchange trades
THE US is set to join Britain’s regulators in investigating possible market manipulation in foreign exchange.
10/11/2013
Deutsche Bank’s Jain Says FX Allegations Eroding Trust
Deutsche Bank AG Co-Chief Executive Anshu Jain, whose company is the world’s biggest trader of currencies
10/10/2013
Bank examiner 'fired by Fed over critical report on Goldman Sachs'
Goldman Sachs has a comprehensive approach to addressing conflicts through firm wide and divisional policies and infrastructure
10/10/2013
Most Highly Regarded Firms: Information Technology 2013
The firm’s depth of expertise is evidenced with listings spanning the breadth of its international offices.
10/10/2013
Williams Capital Appoints Northern Trust for Mutual Fund Services
The appointment for mutual fund services extends a long-term strategic relationship between Northern Trust and the asset manager's parent company