07/23/2012
The Senate inquiry found that HSBC accepted more than $15bn in cash between 2006 and 2009 from Mexico, Russia and other countries at high risk of money-laundering but failed properly to monitor transactions.
07/23/2012
International law enforcement agencies are close to arresting traders under suspicion of attempting to manipulate inter-bank interest rates.
07/22/2012
He has allegedly been driving around and shattering windows since the beginning of the year, using a slingshot to fire marbles and nuts at buildings.
07/22/2012
Jack Mitchell, who is black and worked as a manager at Bank of America from February 2007 to July 2008, alleges the bank maintained an "apartheid" system of business allocation, believing white clients would not want to be served by African Amer
07/22/2012
The scheme involved bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts.
07/22/2012
Simons was skeptical of enormity.
07/19/2012
Kumar pleaded guilty in 2010 to securities fraud and faced up to 25 years in prison, but U.S. Circuit Court Judge Denny Chin credited his cooperation in refusing to mete out any prison time.
07/18/2012
Observers, however, are beginning to see some consistency regarding the implementation of new regulations across the globe, with the U.S. and Europe setting the bar and Asia catching up.
07/18/2012
Kristin Lemkau, a JPMorgan spokeswoman, said that Goldman asked to leave the company and that during his tenure he "behaved with integrity and we wish him well."
07/18/2012
The Swiss Financial Market Supervisory Authority said it has “serious doubts” about the extraterritorial effects of registration required under the Dodd-Frank Act in a letter dated July 5 and received by the CFTC on July 16.
07/17/2012
Elizabeth Butler objected today to a recommendation that the proceeds of joint accounts go to the government to satisfy a $5 million fine and $250,000 forfeiture order.
07/17/2012
A top executive at the bank sensationally quit yesterday in front of a US Senate hearing that exposed the scale of the scandal.
07/17/2012
Axcess Fund is registered with the CFTC as a commodity pool operator, and Driver is registered as an associated person of Axcess Fund.
07/16/2012
The Community Bank & Trust of Sheboygan -- a town on the shores of Lake Michigan about 60 miles north of Milwaukee -- is claiming manipulation of the benchmark London interbank offered rate, commonly known as Libor, has kept its interest margins artif
07/16/2012
The multiyear probe into HSBC by the Senate permanent subcommittee on investigations is expected to reveal activities similar to those that led Wachovia Bank to reach a $160m agreement with the Department of Justice in 2010 to settle allegations that it l
07/15/2012
Deutsche Bank was a heavyweight financial player during the American mortgage meltdown and its aftermath: empty and neglected properties that blight local neighborhoods.
07/15/2012
The U.S. Department of Justice and the Federal Bureau of Investigation in New York in May began a probe of the bank’s trading losses, a person familiar with the matter said.
07/15/2012
On February 9, 2012, the CFTC issued a final rule regarding changes to Part 4 of the Commission’s regulations involving registration and compliance obligations for CPOs and CTAs.
07/15/2012
The US Justice Department, meanwhile, has identified potential criminal wrongdoing by big banks and individuals at the centre of the scandal.
07/15/2012
Swiss bank accounts are often used by tax evaders.