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
09/09/2013
Covington & Burling is pleased to announce that Donald Ross has joined the firm as senior of counsel in the firm’s New York office.
09/07/2013
Icap officials have said they are cooperating with various rate-rigging investigations and that senior executives weren't involved in any improper conduct.
09/05/2013
Bank of America Corp agreed to pay $39 million to settle a gender bias lawsuit by female brokers who claimed they were paid
09/03/2013
he founder of a hedge fund with more than $3.2 billion under management was busted by police in Tigard, Oregon.
09/03/2013
It was the latest move by New York banking Superintendent Benjamin Lawsky to clamp down on questionable practices by foreign banks in New York.
09/03/2013
The workers facing the EU rules, which would cap bonuses at twice annual pay, include 23,450 bankers in the U.K.
09/02/2013
Two Morgan Stanley units must pay $8 million to a former energy trader, who said the firms improperly terminated him for cause
09/01/2013
The settlement, which would end an eight-year legal battle if approved, is the third biggest in U.S. race-bias litigation.
08/29/2013
Shareholders said the losses were exacerbated because of the funds' failure to follow their rules, leaving them vulnerable to a credit crisis.
08/29/2013
My actions were entirely consistent with those of others at senior levels" in Citigroup Japan
08/29/2013
According to the PCAOB's report on PwC, the board found significant deficiencies in 21 of the 52 audits it inspected
08/29/2013
The SEC is also considering filing civil charges against Merrill Lynch
08/28/2013
IPS releases 20-year review showing that nearly 40 percent of America’s top-paid CEOs are not so great at their jobs.