Investigators turn bankers into informants in forex probe -report
U.S. investigators have turned several bank employees into informants to gather evidence against some of their colleagues in the probe of possible manipulation of currency markets, the Wall Street...
View ArticleStrong compliance a must for private advisers tackling mutual funds, SEC's...
Recent improvements to the reports filed by investment advisers and new filings by advisers to private funds are giving the Securities and Exchange Commission more and better insight into the...
View ArticleSwiss officials defend AML system as campaign group piles on the pressure
Swiss lawyers have questioned whether the administrative burden of introducing mandatory public beneficial ownership registers into law outweigh the benefits they could bring to the fight against money...
View ArticleEx-Amaranth trader to pay $750,000 to settle U.S. CFTC's manipulation claims
A former trader at Amaranth Advisors who oversaw its energy desk when the hedge fund collapsed in 2006 has agreed to pay $750,000 to resolve a U.S. regulator's lawsuit accusing him of attempting to...
View ArticleU.S. CFTC fines Morgan Stanley $280,000 over records problems
The Commodity Futures Trading Commission has fined Morgan Stanley $280,000 over problems with monitoring customers' accounts for suspicious activity. The agency said on Monday in announcing the action...
View ArticlePersonal computing devices, third-party services raise cyber-risk for firms
Recent breaches at Apple and JPMorgan highlight the cyber-security risks to financial institutions when they allow employees to use personal devices and outside services that interact with their...
View ArticleGoldman Sachs gets strong demand for first Islamic bond issue by conventional...
Goldman Sachs raised $500 million with its debut sale of Islamic bonds on Tuesday, becoming the first conventional U.S. bank to issue sukuk as Islamic finance develops beyond its traditional homes in...
View ArticleN.Y. Court asked to freeze Turkish family's assets in UAE bank
An attorney for a Motorola MSI.N subsidiary asked New York's top state court on Tuesday to allow it to freeze the assets of a Turkish family held by a branch of an international bank in the United Arab...
View ArticleVirginia sues 13 banks for $1 billion over alleged mortgage bond fraud
The state of Virginia said on Tuesday that it sued units of Citigroup Inc, Deutsche Bank AG and 11 other banks, accusing them of defrauding the state's retirement fund by selling it shoddy mortgage...
View ArticleEx-tech officer at indicted money exchange pleads guilty to U.S. charge
A former technology officer at indicted former digital currency exchange Liberty Reserve pleaded guilty on Thursday in New York to a federal charge of conspiring to operate an unlicensed money...
View ArticleDevelopments nearing in U.S. Treasury pursuit of former MoneyGram compliance...
By the end of the month it will likely become clear whether talks underway since May will resolve the first potential multi-million dollar enforcement matter that Treasury's anti-money laundering...
View ArticleINTERVIEW: TD Bank's outgoing CEO urges tighter Canada lending rules
The Canadian government should tighten lending rules further to discourage consumers from taking on too much debt in an environment of low interest rates, the outgoing chief executive of...
View ArticleU.S. CFTC revokes SAC Capital's registration as commodity hedge fund
U.S. derivatives regulators formally revoked the registration of Steven A. Cohen's SAC Capital commodity fund units on Tuesday, as part of a settlement that comes in the wake of the firm's guilty plea...
View ArticleU.S. House passes bill adjusting Dodd-Frank treatment of insurers
The U.S. House of Representatives voted on Tuesday to ease capital requirements for big insurance companies, an adjustment to the 2010 Dodd-Frank financial oversight law that enjoys bipartisan support...
View ArticleU.S. SEC imposes $9 million in sanctions for short-sale violations
Nineteen trading firms and one trader will pay $9 million to collectively settle civil charges alleging they participated in a stock offering after shorting the stock during a restricted period, U.S....
View ArticleU.S. SEC's Gallagher urges more transparency in fixed income, a sign of...
A top U.S. regulator called on Tuesday for major reforms in the fixed income markets, saying many of the rules are out of date and lack enough protections for retail investors. In remarks at a market...
View ArticleU.S. court mostly upholds CFTC's cross-border rules on swaps
A court on Tuesday largely rejected a challenge from banking groups to the way the U.S. swaps regulator applies its rules overseas, a hotly debated issue as it reins in the $710 trillion global market....
View ArticleCredit Suisse loans under U.S. Fed scrutiny -report
The U.S. Federal Reserve has asked Credit Suisse CSGN.VX to address problems relating to the bank's underwriting and sale of leveraged loans, the Wall Street Journal reported, citing a source familiar...
View ArticleU.S. accuses payday lenders of taking money from unwitting consumers
Two federal agencies on Wednesday took legal action against two different payday lending operations, in both cases alleging that lenders took money from unwitting consumers, as part of an ongoing...
View ArticleU.S. consumer bureau proposes scrutiny of non-bank auto lenders
The U.S. consumer watchdog on Wednesday announced plans to scrutinize big non-bank auto finance companies for the first time, citing concerns about how the lenders market car loans and collect on...
View Article