12/14/2013
US shareholders, including two New York based pension funds, claimed UBS officials and then-chief executive Oswald Gruebel had misled investors by frequently touting the bank’s internal controls prior to Adoboli’s fictious trades being reveale
12/13/2013
Hedge fund GLG is said to have overvalued the stake it held in a coal mining company by 60pc for two years
12/12/2013
JPMorgan compliance costs to double in 2014
US banking giant JPMorgan Chase expects to spend US$2 billion in annual compliance costs starting in 2014
12/12/2013
Bank of America’s Merrill Lynch unit has agreed to pay $132 million to settle civil charges
12/12/2013
The handover is part of a U.S.-China deal reached in May that allows the U.S. access to audit firms' documents about their Chinese clients, conveyed to the U.S. through Chinese regulators.
12/12/2013
IRS is still unprepared for the law, according to a report by the Treasury Inspector General for Tax Administration.
12/11/2013
J.P. Morgan Chase & Co. Chief Executive James Dimon was once a loud critic of the proposed Volcker rule
12/11/2013
Five years ago today, Bernie Madoff was arrested for running the largest Ponzi scheme.
12/10/2013
Asset managers owned by European and Asian banks fear that the Volcker Rule would severely restrict their ability to run mutual funds.
12/10/2013
A deferred-prosecution agreement between the bank and the U.S. Attorney's Office in Manhattan could come within the next few weeks or early next year,
12/09/2013
Regulators from five different agencies have come to agreement on the terms of the Volcker Rule, and they will each formally vote to adopt the once-thought-to-be-dead rule by Dec. 10.
12/09/2013
Overall, 49% thought that no regulator had succeeded in this respect, with a majority of respondents in the US and the UK holding this view.
12/09/2013
The duo of Castleton Commodities International LLC, of Stamford, Conn., and KKR is one of several groups in the running for the assets, which the New York bank is selling as regulators push banks to exit physical-commodity trading.
12/08/2013
The Securities and Exchange Commission today charged the holding company of Cincinnati-based Fifth Third Bank and its former chief financial officer with improper accounting of commercial real estate loans in the midst of the financial crisis.
12/04/2013
The JOBS Act crowd funding provisions provide an exemption from registration for securities offerings under certain conditions. The recent proposed rules are not final, and the SEC is accepting comments on the proposed rules until 3 February 2014.
12/03/2013
BNY Mellon Wealth Management And Its Chief Fiduciary Officer Accused Of Campaign Against Famed Sculptor's Heirs
The new suit accuses BNY and Newman of violating the 2009 settlement agreement, as well as of Breach of Fiduciary Duty.
12/03/2013
Financial institutions specialty law firms merge
The combined firm will have acted as counsel to both issuers and underwriters in over 1,000 securities offerings raising more than $40 billion, and acted as counsel for both buyers and sellers in over 800 merger and acquisition transactions totaling in ex
12/01/2013
Wells Fargo & Co said Monday that a U.S. government request to add one of its executives as a defendant in a fraud case may be in retaliation for the bank's decision to cut off settlement talks.
12/01/2013
Freddie Mac, the mortgage finance giant that nearly failed five years ago.
11/28/2013
Both the U.S. and Switzerland are eager to draw a line under a probe into undeclared money wealthy Americans have stowed in tax havens.