Applications for "substituted compliance" on cross-border swaps trade await...
Weeks after releasing its guidance for regulating cross-border derivatives trades, the Commodity Futures Trading Commission is reviewing applications from six jurisdictions that want firms in their...
View ArticleIndiana school district, bond underwriter charged with fraud in...
The U.S. Securities and Exchange Commission, pressing ahead with a crackdown on the municipal bond market, on Monday filed groundbreaking fraud charges that alleged an Indiana school district and its...
View ArticleUpdated: JPMorgan to pay $410 million to settle U.S. power market case
JPMorgan Chase & Co agreed on Tuesday to pay $410 million to settle allegations of power market manipulation in California and the Midwest, the latest in a series of high-profile inquiries by U.S....
View ArticleBarclays fights UK regulator's findings on Qatar deal
Barclays said on Tuesday it was contesting the preliminary findings of a British regulatory probe into its commercial agreements with Qatari investors who led a rescue fundraising of the bank during...
View ArticleOntario Securities Commission finds weaknesses in communications by fund...
The Ontario Securities Commission has released the findings of a continuous disclosure (CD) review targeting the advertising and marketing materials of publicly offered investment funds. The findings...
View ArticleSAC Re sparks broader interest in the impact of one financial institution's...
The public interest in SAC Re's position as a unit of hedge fund SAC Capital has raised questions generally about the exposure an insurance entity may have to the fortunes of another financial...
View ArticleU.S. Treasury targets Mexican nationals who allegedly launder money for the...
The U.S. Treasury Department on Tuesday blacklisted three Mexican nationals and a similar number of businesses for their alleged roles in laundering money for Ismael Zambada Garcia, a top leader of the...
View ArticleOntario Securities Commission proposes more disclosure regarding women on...
The Ontario Securities Commission (OSC) on Tuesday proposed new disclosure requirements (PDF) pertaining to the participation of women on boards and in senior management. The proposed measures would...
View ArticleU.S. bank regulators seek comments on stress test guidance for medium-sized...
Three U.S. federal bank regulators are seeking comment on proposed guidance describing supervisory expectations for stress tests conducted by financial companies with total consolidated assets between...
View ArticleSEC sues ex-Santander exec, ex-Spanish judge for insider trading
The U.S. Securities and Exchange Commission has charged a former Banco Santander executive and a former Spanish judge with insider trading over a proposed takeover of Potash Corp of Saskatchewan Inc on...
View ArticleSEC's White asks review of insider-trading, disclosure rules for physical...
The Securities and Exchange Commission will review whether insider-trading curbs and new disclosure rules are needed in the physical commodity markets, in light of JP Morgan's settlement over market...
View ArticleAccused tipper to SAC hedge fund arrested in insider-trading probe
A securities analyst accused of leaking secret information in 2009 about a potential partnership between Yahoo and Microsoft to an SAC Capital Advisors hedge fund manager and other traders was arrested...
View ArticleRisk gains importance in financial-firm governance, but implementation a...
Five years after the global financial crisis, leading financial services firms have continued to remake their risk governance frameworks and have made substantial progress in implementing...
View ArticleU.S. judge rejects Fed cap on debit card swipe fees
A U.S. judge has sided with retailers seeking a lower cap on fees charged by banks for debit card transactions in a key ruling that dragged down the shares of card companies Visa Inc and MasterCard...
View ArticleNew York approves Guggenheim buy of Sun Life; potential model for...
Guggenheim Partners has agreed to "enhanced" protections in its purchase of Sun Life Insurance and Annuity Company to safeguard policy holders, paving the way for state approval of the deal, New York's...
View ArticleU.S. SEC tightens client-asset, financial-responsibility rules for...
The top U.S. securities regulator on Wednesday set new rules to protect clients with cash or securities at securities brokers, requiring more disclosure and safeguards from firms including some of Wall...
View ArticleUnder fire, Goldman offers way round warehouse lines
Goldman Sachs responded to mounting political pressure and regulatory scrutiny of its Metro International metals business on Wednesday, by offering customers immediate access to aluminum stored in its...
View ArticleJP Morgan under investigation in Monte Paschi probe, says document
Italian prosecutors probing Monte dei Paschi's 2007 acquisition of a smaller rival are investigating U.S. investment bank JP Morgan over an alleged crime committed by one of its employees, according to...
View ArticleSouth Texas real estate agent helped cartel-linked drug traffickers...
A South Texas real estate agent has been indicted for allegedly laundering money for a drug trafficking ring linked to Mexico's Gulf Cartel, federal prosecutors in McAllen, Texas said Wednesday. The...
View ArticleSEC sanctions ABN AMRO over unregistered brokerage and advisory businesses in...
The Securities and Exchange Commission has sanctioned ABN AMRO Bank, N.V. over providing brokerage and advisory services to U.S. persons without being registered and engaging in transactions that were...
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