Fugitive U.S. banker arrested after 18 months on run on embezzlement suspicions
A former bank director from Georgia state who left a suicide note and vanished while under suspicion he embezzled $21 million has been captured 18 months after he disappeared. Sheriff's deputies...
View ArticleWall Street regulator FINRA puts 2014 exam spotlight on firms hiring risky...
Wall Street brokerages that hire stockbrokers who have a track record of misconduct should expect to show examiners how they will curb future wrongdoing, the industry's watchdog said on Thursday in an...
View ArticleU.S. SEC's co-enforcement chief Canellos, an overseer, of tougher...
George Canellos, one of the chief U.S. enforcers of securities laws, will leave his post at the Securities and Exchange Commission later in January, the agency said on Friday. Canellos has served as...
View ArticleDetroit manager sought SEC probe of banks over interest rate swaps
Detroit asked a U.S. regulator to consider bringing charges against two banks for costly interest-rate swaps that factored in the city's record-setting municipal bankruptcy case, Detroit Emergency...
View ArticleNew York Fed moves to dismiss suit brought by former Goldman examiner
The New York Federal Reserve Bank filed a motion on Friday to dismiss a lawsuit brought by a former employee who claimed she was fired after refusing to alter a critical examination of Goldman Sachs...
View ArticleCanada Competition Bureau drops yen Libor probe
Canada's Competition Bureau said on Friday it is abandoning a three-year probe into whether global banks colluded to rig the setting of Japanese yen London Interbank Offered Rates (Libor). "The...
View ArticlePREVIEW: Trial to home in on trades by SAC's Cohen
A trial starting this week over what prosecutors call the most lucrative insider trading scheme ever will likely delve into the trading activity of Steven A. Cohen, the founder of the SAC Capital...
View ArticleWall Street regulator FINRA to scrutinize anti-laundering efforts of...
This year regulators will be examining whether executing broker-dealers know the customers on whose behalf they liquidate large volumes of low-priced securities in transactions where payment is due at...
View ArticleU.S. judge orders RBS unit in Japan to pay $50 million over Libor
A Japanese investment banking unit of Royal Bank of Scotland Group Plc was ordered on Monday to pay a $50 million criminal fine after pleading guilty to wire fraud over its role in manipulating the...
View ArticleJPMorgan settlement over Madoff transactions expected today - sources
JPMorgan Chase will agree later today — barring delays — to pay roughly $2 billion to settle allegations it failed to properly report suspicious transactions involving Ponzi schemer Bernard Madoff...
View ArticleU.S. probe examines Credit Suisse mortgage standards panel - source
U.S. prosecutors are examining a new set of Credit Suisse Group AG documents, including internal emails, that may show whether a bank committee charged with overseeing the quality of home loans ignored...
View ArticleTrial to focus on trades by SAC's Cohen
A trial starting this week over what U.S. prosecutors call the most lucrative insider trading scheme ever will likely delve into the trading activity of Steven A. Cohen, founder of the SAC Capital...
View ArticleCFTC grants foreign dealers relief on transaction-level swaps rules
The Commodity Futures Trading Commission is giving relief to foreign firms that want to engage in swaps trades with other firms that are not registered as U.S. swap dealers. The transaction-level...
View ArticleDecades-long ties to Madoff cost JPMorgan $2.6 billion in settlement
JPMorgan Chase & Co agreed to pay $2.6 billion to the U.S. government and Bernard Madoff victims to settle allegations that the bank failed to tell authorities about its suspicions of fraud at...
View ArticleEx-Goldman VP Tourre denied a new trial in SEC case
Fabrice Tourre, the former Goldman Sachs Group Inc GS.N vice president who was found liable for defrauding investors over a failed mortgage transaction, has failed to persuade a federal judge to...
View ArticleEx-UBS banker pleads not guilty in major tax fraud
A former high-ranking UBS banker charged with helping Americans dodge taxes through secret Swiss bank accounts pleaded not guilty on Tuesday to fraud conspiracy charges linked to a U.S. tax evasion...
View ArticleBanks face new probe over mortgage bond trades post 2008 - report
Federal regulators are probing whether several big banks deliberately mispriced mortgage bonds in the years following the financial crisis, the Wall Street Journal reported, citing people close to the...
View ArticleAfter G-SIBS and G-SIIs, 'NBNI G-SIFIs': non-bank, non-insurer global...
The largest international finance companies, broker-dealers, mutual and private investment funds and other globally significant 'Non-Bank Non-Insurer' financial institutions are to be identified and...
View ArticleSwiss court ruling outlines details of U.S. case against Baer
U.S. prosecutors are accusing Swiss bank Julius Baer of helping more than 400 Americans hide undeclared money from the taxman, according to a ruling made public by a Swiss court on Wednesday. The...
View ArticleEx-Lehman wealth adviser can keep $1.8 million in bonus money
A former private wealth adviser for a unit of Lehman Brothers Holdings Inc can keep a lucrative signing bonus he received from the firm three years before it collapsed, a securities arbitration panel...
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