08/22/2013
Broadly speaking, FATCA imposes a 30% withholding on payments of US source investment income to non-US entity payees absent a certification from such payees as to the identity of their US owners or accountholders, if any.
08/22/2013
Legendary British auction house Christie's will have to clear its name in a New York court after a lawsuit accused
08/22/2013
This will take time to resolve, and the politics could change before it is.
08/21/2013
We did not fully appreciate how expectations of us have evolved
08/21/2013
The United States is pushing Switzerland for a deal to settle a long-running dispute over banks that shelter tax evaders,
08/21/2013
The requirement to pay restitution is in addition to restitution that Morgan Stanley paid previously to customers for transactions covered by this settlement.
08/20/2013
The SEC is questioning JPMorgan, the largest US bank, over its relationships with at least two families in China that may have legitimate explanations, sources told Reuters.
08/19/2013
The company earlier this year agreed to settle related charges with the SEC and pay $2.8 million.
08/18/2013
While the ban would put at least a temporary end to Falcone's hedge fund career, the consent order detailing the agreement does not say Falcone is barred from being a director or officer of a public company.
08/15/2013
Paltzer is cooperating with U.S. authorities in their broader investigation of how foreign banks and advisers helped American clients evade taxes, his lawyer,Thomas Ostrander, said.
08/13/2013
Capital adequacy, stress testing & internal risk models among top regulatory pressures; Report says flexible technology key to addressing evolving requirements
08/13/2013
Federal prosecutors in Manhattan have criminally charged two former JPMorgan bankers for their alleged role in the “London whale” trading loss that rocked the investment bank last year and led to a very public overhaul of its senior management
08/11/2013
UBS agreed to pay $120m to settle claims by investors in Lehman Brothers securities in a lawsuit tied to the investment bank’s 2008 collapse.
08/11/2013
A former Bank of America executive from South Carolina has pleaded not guilty to charges in connection to a murder-for-hire plot targeting his estranged wife amid a contentious divorce.
08/08/2013
The charges would mark a dramatic escalation in the wake of the revelation last year
08/06/2013
Former Baker & McKenzie LLP partner Martin Weisberg, who admitted to stealing from a client and taking part in a $55 million securities fraud, was sentenced to two years in prison, the U.S. said.
08/05/2013
The suits accused the second-largest US bank of misleading investors about the risks of the mortgages tied to the securities.
08/04/2013
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Oppenheimer and Co., Inc.
08/03/2013
The lawsuit alleges "anti-competitive and monopolistic behaviour in the warehousing market in connection with aluminium prices
08/02/2013
US regulators have reportedly been handed evidence that traders at some of the world’s biggest banks manipulated a key rate for derivatives, pocketing millions at the expense of pension funds in the process.