08/05/2012
NY Regulator Accuses Standard Chartered of Illegal Transfers
It labelled UK-based Standard Chartered a "rogue institution".
08/05/2012
It labelled UK-based Standard Chartered a "rogue institution".
08/02/2012
Trevor Murray was employed by UBS Securities LLC from May 2007 until he was fired in September 2009, and then returned to the company in May 2011, he said in a lawsuit filed today in federal court in Manhattan.
08/02/2012
Those two industries generate the vast majority of our economic activity.
08/01/2012
He began serving a 40-month sentence in January 2010 at Schuylkill Federal Correctional Institution, and received good-time credit that reduced his term, said his attorney, Stephen M. Kohn. His brother, Douglas, drove him to a halfway house i
08/01/2012
A former risk officer for Morgan Stanley (MS) (MS) Smith Barney LLC sued the firm over claims he was unfairly fired for reporting securities “flipping” by one of the firm’s wealth managers.
08/01/2012
The move has stirred considerable opposition in Washington and from wealthy non-residents living in the US – and lawmakers buckled under the pressure in the fear that bringing in the rule would see a massive outflow of foreign investment.
07/31/2012
The tales of how difficult the bank found it to recover account files from branches around Mexico when law enforcement agencies requested them, and the details of minimal documentation on thousands of accounts opened in a virtual branch in the Cayman Isla
07/30/2012
The probe has focused on rooting out schemes to fix prices and rig bids on bond transactions, and has ensnared some of the world's largest banks.
07/30/2012
The Securities and Exchange Commission (SEC) is investigating New Oriental Education & Technology Group Inc for possible accounting irregularities, the Beijing-based firm said on July 17.
07/29/2012
A hedge fund manager has been sentenced in Brooklyn federal court to serve 78 months in prison for running a Ponzi scheme.
07/29/2012
For many asset managers the EU5 territories represents a relatively small proportion of their business.
07/29/2012
The trial, in front of U.S. District Judge Kimba Wood in Manhattan, is the result of a nationwide probe of bid-rigging involving banks and brokers including CDR Financial Products Inc.
07/29/2012
The lender claims in the suit that Libor fraud lowered interest payments it received.
07/26/2012
Geithner, Fed Chairman Ben Bernanke and U.K. banking authorities have come under fire for not doing enough to fix problems with Libor, a rate which is used for $550 trillion of interest rate derivatives contracts and influences rates on a wide array of co
07/26/2012
This is a key step towards delivering on the commitment to an intergovernmental approach to implementing the US Foreign Account Tax Compliance Act (FATCA) made by the same countries in their joint statement published on 8 February 2012.
07/25/2012
Global regulators are reviewing the rate-setting mechanism and contemplating criminal charges against bank traders who manipulated Libor
07/24/2012
The consortium has attracted interest from an array of academic, industry and regulatory researchers and two conferences have been held at which institutional investors, academics and industry experts presented new research and discussed how to better qua
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.