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
Hedge Fund Portfolio Manager Sentenced to 78 Months for Operating a Multi-Million-Dollar Ponzi Scheme
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.
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."