Dow Jones Risk & Compliance and Safe Banking Systems, an innovative provider of anti money laundering and compliance solutions, announced the compatibility of their products, Dow Jones Watchlist and SAFE Advanced Solutions. The synergies between these products will bring a
JPMorgan Chase & Co. and Morgan Stanley are on the verge of completing settlements with government regulators to buy back auction rate securities from clients, Bloomberg reports. State regulators, JPMorgan, the third largest US bank by assets, and Morgan Stanley,
Credit Suisse has agreed a settlement with the United Kingdom's Financial Services Authority (UK FSA), in relation to the mis pricing of certain asset backed securities, under which it will pay a fine of 5.6 million. Credit Suisse previously announced
HSBC has officially submitted its bid to take over the Korea Exchange Bank (KEB) to the Asian nation's financial regulator. The London based firm's new deal which would see it build its stake in KEB to 51% has been confirmed
Aite Group assesses that only 65% of institutions' AML budgets are aligned with regulatory demands. A new report from Aite Group, LLC examines anti money laundering (AML) compliance trends and institutions' responses to issues surrounding AML compliance. Based on a
The latest suit has been filed in the US over alleged miss selling of auction rate securities, this time against Credit Suisse. Swiss semiconductor firm STMicroelectronics is suing the bank, after it allegedly transferred around $450 million of corporate funds
UBS announces a settlement, in principle, with the New York Attorney General (NYAG), the Massachusetts Securities Division, the Securities and Exchange Commission (SEC) and other state regulatory agencies represented by North American Securities Administrators Association (NASAA) to restore liquidity to
The Securities and Exchange Commission's Division of Enforcement, on 07 August, preliminary settled in principle with Citigroup Global Markets, Inc. (Citi) including proposed charges and a plan that would give individual investors, small businesses, and charities all $7.5 billion of
The Securities Law Firm of Klayman & Toskes, P.A. announces that New York's Attorney General Andrew Cuomo reached a "landmark, multi billion dollar agreement with Citigroup Global Markets, Inc. and Citi Smith Barney (collectively, "Citigroup") to settle allegations that Citigroup
Morgan Stanley confirmes that it has been retained by the United States Department of the Treasury to provide capital markets advice to support the Treasury's responsibilities associated with its new authorities regarding Fannie Mae and Freddie Mac. As part of