The American Bankers Association said it will file a lawsuit challenging the Volcker Rule unless regulators agree to suspend portions that restrict certain collateralized debt obligations of trust-preferred securities, American Banker reported Monday.
Opportunities for some.
One hundred years ago, on December 23rd, 1913, the Federal Reserve Act was signed into law, giving the United States exactly what it didn't need: a central bank.
A bellwether for bonuses ?
Banks were aware of unusual currency trading at a key period during the trading day four years before regulators began an investigation into the manipulation of the so-called 'London fix', according to reports.
No, not us!
Investment bank Goldman Sachs has become the latest major financial institution to ban its dealers from using multilateral online chatrooms, a source familiar with the matter said on Friday.
European Union lawmakers clinched a deal on jail sentences for market manipulation and insider dealing, giving judges the power to send the worst offenders to prison for at least four years.
Just 3% of financial services professionals polled globally believe that the regulatory changes implemented since 2008 have done enough to prevent a future crash, according to a survey commissioned by global professional services firm Kinetic Partners.
These should be good times for Wall Street bond departments. Central banks are pumping unprecedented amounts of money into the financial system to keep borrowing rates low and boost economic growth.
Nomura, Asia’s global investment bank, announced that it has hired three Managing Directors within its Emerging Markets business in the Americas.
The number of global million-dollar donations to charity shrunk in 2014 by close to $3 billion as U.S. giving dropped, and the number and total value of donations stubbornly stayed below pre-crisis levels, according to research.
Marriott International is buying its rival Starwood, owner of the W and Sheraton chains, for $12.2bn (£8bn) in a deal that will create the world’s largest hotelier.