SEC Split on Including Brokerages in Trading Safeguards
Rules meant to prevent automated trading system breakdowns should be expanded to include brokerages that match orders away from regulated exchanges, two SEC members say.
BofA to Pay $16.65 Billion to End U.S. Mortgage Probes
The settlement, which includes $7 billion in consumer relief and a $5 billion penalty, is the harshest penalty yet related to the 2008 financial crisis.
SEC Enforcement: Advisor Barred for Hiding Astrology-Based Investment Strategy
Meanwhile, the SEC charged a California-based securities salesman for selling millions of dollars in oil-and-gas investments without being registered.
Criminal Charges Against Banks Risk Sparking Crisis
Even a threat of a hearing may prompt clients to "lose confidence" in an institution and even "cause a run" on a bank, one expert says.
Wall Street Bond Dealers Whipsawed on Bearish Treasuries Bet
Betting against U.S. government debt this year is turning out to be a fool’s errand. Just ask Wall Street’s biggest bond dealers.
Obamacare Wins U.S. Bond Converts as Slowing Costs Tame CPI
Regardless of what Americans think about Obamacare, reining in health care costs is winning the support of investors in U.S. Treasuries.
Credit Suisse to Pay $196 Million to SEC Over Cross-Border Infractions
Credit Suisse relationship managers traveled to the U.S. to advise and solicit clients, collecting $82 million in fees, without registering with SEC.
Swiss Endanger EU Ties With Immigration Vote
Swiss opposition to “free travel” could cost the country’s economy dearly.
Credit Suisse’s Equities Chief to Leave Stocks, Join Hedge Fund Unit
Bob Jain, head of equities at Credit Suisse Group, will be heading to New York to helm in-house hedge funds, say sources, and Timothy O’Hara, co-head of global securities, will take his place.
Bank of England Implicated by Barclays in Libor Fixing
Documents released by the bank indicate that he may have been given tacit approval by Paul Tucker, deputy BoE governor, to adjust Libor rates to be more in line with other banks after Whitehall expressed concern lest Barclays appear to be in trouble.