Arab Bank chairman testifies in U.S. court, denies funding Hamas
Arab Bank Plc's chairman told reporters on Monday his bank was "clean" and had not provided funding to Hamas, speaking after his first day as a defense witness in the long-awaited civil...
View ArticleMorgan Stanley to pay $95 million in U.S. mortgage-debt settlement
Morgan Stanley has agreed to pay $95 million to resolve a lawsuit accusing the Wall Street bank of misleading investors in mortgage-backed securities in the run up to the 2008 financial crisis. The...
View ArticleU.S. Fed's Tarullo lays out plans for new bank funding rules
The U.S. Federal Reserve plans to curtail banks' reliance on short-term debt funding, and its capital surcharges for the biggest banks will be tougher than globally agreed rules, a top Fed official...
View ArticleSAC's Martoma gets 9 years prison for insider trading
Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors LP hedge fund, was sentenced on Monday to nine years in prison for engaging in what authorities called...
View ArticleLessons of the crisis prompt Moody's to overhaul bank ratings
Lessons learned in the financial crisis have prompted rating agency Moody's to overhaul the way it assesses banks - but most of the banks and debt it covers will have the same credit ratings after the...
View ArticleAustria freezes assets of former U.S. diplomat's wife amid reports of AML probe
Former top U.S. diplomat Zalmay Khalilzad and his wife are fighting the seizure of her Austrian bank accounts, lawyers for the couple said after a magazine reported U.S. authorities were investigating...
View ArticleNew York City's 'responsible banking' law survives court challenge
A federal judge has refused to block enforcement of a 2012 New York City law designed to ensure that banks holding the city's deposits document how well they meet the needs of low- and moderate-income...
View ArticleINTERVIEW: U.S. regulator would welcome delay of EU clearing rules
A top U.S. regulator said on Wednesday he would welcome a delay by the European Union that gave more time to resolve a conflict with Washington over making derivatives markets safer. Reuters reported...
View ArticleISDA’s O’Malia sees cross-border harmonization of rules, data standards, as...
Greater data standardization in the complex world of derivatives, as well as enhanced harmonization of rules at the global level will be the focus of the International Swaps and Derivatives Association...
View ArticleCFTC to discuss new margin proposal next week
The U.S. Commodity Futures Trading Commission will re-issue a margin proposal for swap dealers next week, commission chairman Timothy Massad told Congress. At a Senate Banking Committee hearing, Massad...
View ArticleOffshore ring designed to evade FATCA yielded $500 million stock fraud and...
Federal prosecutors in Brooklyn on Tuesday announced an indictment that charged six men for their alleged roles in a $500 million offshore asset-protection scheme involving stock manipulation and money...
View ArticleU.S. states probe Home Depot payment-card data breach
At least five states have launched a joint probe into the data breach on the payment-card processing systems of Home Depot Inc, even as the retailer works to determine the impact on its customers in...
View ArticleWedbush, U.S. SEC near settlement on market access case
U.S. securities regulators and Wedbush Securities Inc are close to settling charges alleging the California-based brokerage firm had shoddy risk controls that let foreign traders access the market,...
View ArticleCyber breaches rare among U.S. state-registered investment advisers -study
Cyber security breaches are rare among investment advisory firms registered with U.S. states, but improvements to technology and procedures could still bolster protection of client information, state...
View ArticleU.S. CFTC to allow commodity hedge funds to advertise to public
U.S. derivatives regulators are removing a legal hurdle, which will open the door for hedge funds and other private funds to reach new investors through television, the Internet and other media...
View ArticleWall Street regulator FINRA considers new rules for dark pools
Wall Street's self-funded regulator said on Wednesday it would consider putting new rules in place to improve transparency at broker-run alternative trading systems, known as "dark pools," as well as...
View ArticleMore to come in U.S. bank probes, departing Justice Department official says
Tony West, the third-ranking official at the U.S. Department of Justice, has a ready response for critics who question why few individuals have been charged for conduct tied to the financial crisis:...
View ArticleSEC finds new evidence in insider-trading probe
Federal market regulators have found a string of communications between broker-dealer Height Securities and several New York-based hedge funds in an insider trading probe, the Wall Street Journal said,...
View ArticleFour Canadian provinces, federal government sign official agreement to...
Four provinces and the federal government of Canadian have signed a Memorandum of Agreement (PDF) formalizing the terms and conditions of the upcoming Cooperative Capital Markets Regulatory System. The...
View ArticleSEC uses computer analysis in crackdown on company-insider trade reporting...
The Securities and Exchange Commission is using quantitative analysis tools to investigate public company insiders that are late in reporting their stock trades. The SEC said on Wednesdayy that it has...
View Article