09/22/2013
The banks have been discussing the issue with the regulator behind closed doors for five years, since converting to Fed-regulated banks at the peak of the financial crisis in September 2008
09/22/2013
Toronto-Dominion Bank will pay $52.5 million US in civil penalties to settle charges by U.S. regulators that it violated securities laws in connection with a Ponzi scheme
09/22/2013
Goldman Sachs Group Inc, Wachovia Corp, a unit of Wells Fargo & Co and Residential Funding Securities LLC, now Ally Securities, also sold faulty securities to Southwest
09/22/2013
Federal authorities indicted a former executive vice president at Qualcomm on Monday, saying that he was the mastermind of an elaborate insider trading scheme.
09/19/2013
So where does this leave Switzerland's legal powerhouses?
09/18/2013
JP Morgan has confirmed it is paying $920 million (£573 million) to a group of regulators.
09/17/2013
The blue blooded investment bank is close to settling investigations into its £3.9billion London Whale losses
09/17/2013
"We expect to have a complete exit of the portfolio over the next four to five years," a spokesman told Reuters.
09/15/2013
It may be part of an attempt to tell the government that this case is weaker than you think, and you’ll be embarrassed
09/15/2013
HSBC accepted responsibility at the time and said it’s “a fundamentally different organization from the one that made those mistakes.
09/15/2013
Wells Fargo & Co. (WFC:US), the largest U.S. home lender, would survive $29.7 billion of loan defaults under a company-run stress test and stay above minimum regulatory capital levels in a severe economic downturn.
09/14/2013
Her practice focused on enforcement defense and regulatory counseling of financial services firms.
09/12/2013
AN investor who sued UBS AG to recover more than US$8 million over an alleged mismanagement of his investment portfolio in the global financial crisis following the collapse of Lehman Brothers has withdrawn his suit after three days of trial.
09/12/2013
JPMorgan Chase & Co plans to spend an additional $4 billion and commit 5,000 extra employees to fix risk and compliance issues after a slew of investigations by regulatory authorities.
09/12/2013
In a surprise move, the Securities and Exchange Commission scuttled a proposed settlement between the former managers of the Reserve Primary Fund and the agency
09/12/2013
A lawyer for a former JPMorgan Chase & Co employee who worked with "the London Whale" Bruno Iksil, has been trying to convince U.S. prosecutors that his client was the unwitting victim of manipulation by his superiors.
09/11/2013
He was demoted after he conducted audits and told superiors about the risks
09/11/2013
The case is in the document-discovery stage, with the heirs alleging in papers made public today that the bank produced as evidence...
09/10/2013
U.S. authorities are looking to seize pricey Manhattan real estate linked to a tax fraud they say was uncovered by a whistleblowing Russian lawyer before he died behind bars.
09/09/2013
Barclays has agreed to pay $36.1m to settle charges it hurt US homeowners by packaging subprime mortgages that the borrowers could not afford