Bank of New York Mellon Corp., the largest custody bank, reached a deal to end a lawsuit accusing it of defrauding state pension funds through foreign-currency transactions, according to a spokesman for Virginia Attorney General Kenneth Cuccinelli.
The Financial Industry Regulatory Authority (FINRA) has announced that it has expelled NY-based Hudson Valley Capital Management and barred Chief Executive Officer, Mark Gillis, from the securities industry for defrauding its clearing firm and customers by using their funds and securities to cover losses caused by Gillis' manipulative day trading.
The SEC alleges that Walter A. Morales and his firm Commonwealth Advisors Inc. caused the hedge funds they managed to buy the lowest and riskiest tranches of a collateralized debt obligation (CDO) called Collybus.
The phone call lasts just a few seconds.
Facebook experienced a few minutes of down time Thursday.
Here's a list of 9 places bankers have been known to hide to avoid being laid off.
Remember that age and treachery will always triumph over youth and ability.
The best laid plans and all that......
Maybe the guy just had a bad day....
Another guy not afraid to say what he thinks.
When people say there is a revolving door between the Securities Exchange Commission and Wall Street, they don't usually intend it as a compliment.
Lloyds Banking Group has docked £350,000 from the bonus of its boss António Horta-Osório after being hit with a £117m fine for unacceptable handling of compensation claims for payment protection insurance.
The growth in new car sales in the UK slowed to 2.4% year-on-year in May, according to industry figures. This would seem like a respectable figure if it was not for the double-digit growth that has characterised the last couple of years.