DOL Shouldn't Rubber-Stamp Waivers for Guilty Banks, Democrats Say
Sen. Warren and others want DOL to hold a hearing on waivers requested by four megabanks to remain “qualified professional asset managers” despite guilty pleas.
New Hire Roundup: Killgoar to Head Strategy, Consulting at Raymond James' FID
Meanwhile, Wilmington Trust has named Fredrik Berg vice president of sales for its global capital markets team in Europe.
New Hire Roundup: SEC Names Schneider Associate Regional Director for Pacific Northwest
Meanwhile, Advisor Software announced that Erik Jepson has joined as chief customer officer.
Scottish Independence Vote Shakes Up U.K. Economy
While the outcome has yet to be decided, the toll on the economy of the U.K. has been substantial.
What Would Scottish Secession Mean for Investors?
Moshe Milevsky, Niall Ferguson and Axel Merk comment on the economic damage, as well as potential investor opportunity, implied by Scotland's independence vote.
Top 10 Global Cities Creating U.S. Jobs
A recent Brookings report determined the top 10 global city-regions making direct investments, and employing workers, in the United States.
Banks Deploy Drastic Strategies to Overcome International Challenges
Investors in international banking should keep informed, as many banks are reinventing themselves to keep up with a changing marketplace.
SEC, FINRA Enforcement: 3 Busted in Fake Movie Scam
Former Merrill broker gets 10 years for Ponzi scheme; RBS settles mortgage-backed securities suit for $275 million.
SEC Enforcement: RBS Securities to Pay $150M for Misleading Investors
Among other recent SEC actions was an emergency freeze order in a scheme involving phony investments in New Zealand dialysis clinics.
RBS May Face Fines on LIBOR
The investigation of RBS by regulators in Britain and in the U.S. over the LIBOR rigging scandal could obscure the bank's performance.