Pressure is mounting on the accountancy watchdog to launch an investigation into the role of KPMG and former bank executives in the collapse of HBOS.
The Securities and Futures Commission (SFC) has reprimanded J.P. Morgan Broking (Hong Kong) Limited (JPMBHK), J.P. Morgan Securities (Asia Pacific) Limited (JPMSAP) and J.P. Morgan Securities (Far East) Limited (JPMSFE) (collectively “JP Morgan”), and fined them $15m, $12m and $3m respectively for various regulatory breaches and/or internal control failings.
The Financial Conduct Authority (FCA) has fined Threadneedle Asset Management Limited (TAML) £6,038,504 ($9.03m) for failing to put in place adequate controls in the fixed income area of its front office, and for providing inaccurate information to the regulator and for failing to correct the inaccurate representation for four months.
Almost a quarter of business leaders are suffering from ‘Transformation Fatigue’ and are tired of hearing this over-used management term.
Reining in costs.
Lucidus Capital Partners, a high-yield credit fund founded in 2009 by former employees of Bruce Kovner’s Caxton Associates, has liquidated its entire portfolio and plans to return the $900m it has under management to investors next month, according to a statement Monday from the company.
Russia’s central bank fined Deutsche Bank less than $5,000 for compliance failures in a probe into alleged trading violations, said people with knowledge of the matter, after the Russian regulator audited transactions at the bank’s Moscow office that are under broader scrutiny by U.K. regulators and U.S. prosecutors.
Moody’s has cut its oil price forecast for next year by $10 a barrel due to continued high levels of supply that may be heightened by the lifting of sanctions against Iran.
Bonus advisory day is soon upon us. It's the day you'll have waited 12 months for. Judgement day.
Thousands of unbuilt flats and apartments could come back on to the London property market over the next two years as foreign investors seek to cut their losses, according to a new study.
A JPMorgan currency salesman became the latest banker to claim victory against his former employer after being fired in the wake of the foreign-exchange manipulation scandal, with a London tribunal ruling he was unfairly dismissed.
Boutique advisory firms now receive nearly half of all mergers and acquisition fees in Europe, stealing market share and top dealmakers from global investment banks hamstrung by a renewed focus on cost-cutting and regulations on how much they can pay.
Wall Street executives are freaking out under the strain of widespread money fraud.