The Securities and Exchange Commission has announced that Israeli-based Bank Leumi has agreed to pay $1.6m and admit wrongdoing to settle charges that it provided investment advice and induced securities transactions for U.S. customers for more than a decade without registering as an investment adviser or broker-dealer as required under U.S. securities laws.
A City banker died following major heart surgery at a private London hospital after a vital piece of equipment was switched off for 19 hours, an inquest heard.
Morgan Stanley could do little but watch as a team of advisers overseeing $2.2bn in assets quit last month to start their own shop, the latest in a string of departures that have shifted billions of dollars in assets away from big Wall Street banks.
BNY Mellon Investment Management appointed Olivier Cassin as head of institutional distribution, Europe.
The chairman of the influential Treasury select committee (TSC) Andrew Tyrie has urged the financial watchdog to publish its report on Royal Bank of Scotland’s treatment of financially distressed business customers.
Deutsche Bank has agreed to pay $38m to settle U.S. litigation over allegations it illegally conspired with other banks to fix silver prices at the expense of investors, according to court papers filed on Monday.
A one-time regulatory official at Lloyds Banking Group sued the bank over claims he was pushed out for blowing the whistle on corporate misconduct and suffered sex and disability discrimination.
The Securities and Exchange Commission has announced that Ernst & Young LLP has agreed to pay more than $11.8m to settle charges related to failed audits of an oil services company that used deceptive income tax accounting to inflate earnings.
Is there a conspiracy to unsettle Mark Carney? The governor of the Bank of England sometimes sounds as if he thinks there is.
Reaping the rewards of a sound strategy.