Credit Suisse says it has clinched a billion-dollar U.S. settlement over how it sold securities made up of dud mortgages to investors in the run-up to the financial crisis.
The holiday season is also a season when many experience a financial windfall: in December, the thirteenth month salary lands on employee bank accounts. And the story behind this has Christmas-related origins.
Deutsche Bank has reached a settlement in the U.S. regarding civil claims in connection with the bank’s issuance and underwriting of residential mortgage-backed securities between 2005 and 2007.
We have a tendency to attribute innovations to one individual, so ascribing them exclusively to a specific innovator. In reality, innovations are mostly processes, Vontobel's Georg von Wattenwyl writes.
Australia's financial regulator has commenced civil penalty proceedings in the Federal Court against Westpac subsidiaries Westpac Securities Administration and BT Funds Management.
Yeo Jaiwei today completed a triumvirate of former BSI bankers to be found guilty and jailed in Singapore. Yeo has been handed a thirty-month prison sentence for four charges.
Taxpayers who are yet to participate in the tax amnesty program will soon receive emails from the tax office warning that the authority is aware of hidden assets and they could face hefty penalties if they refuse to declare.
Voracious trust, fiduciary, corporate and fund administration services firm Vistra is ending the year with another addition to its bulging stable.
Infrastructure investments have become a hot topic since Donald Trump was elected president of the U.S. In an interview, Mirjam Staub-Bisang explains how institutional investors can profit most from the trend.
Once the world's largest trading floor and a signal of UBS' ambitions in the U.S., the Swiss bank's Stamford trading floor is set to become a roller derby arena, an ice-skating rink or a film stage.
Former BSI banker Yeo Jiawei has been found guilty on four counts of perverting the course of justice. He stands trial for seven other charges including money-laundering and cheating next April.
Two of Australia's largest banks will each pay $2.5 million and overhaul their foreign exchange procedures after the the Australian Securities and Investments Commission found traders on the banks' wholesale spot foreign exchange desks acted inappropriately.
Malaysia’s Maybank and Western Union claim they have revolutionised the money transfer process with the the launch of the first digital remittance service in Malaysia via its Maybank2u mobile banking App.
Despite major events such as Brexit, the U.S. presidential election and, most recently, China's announcement that it is monitoring capital outflows, the real estate sector remains robust.
A newly-created position for a national account manager has been announced by Legg Mason who are expanding their distribution base in Australia with a new Sydney office to be opened early in 2017.
He was the man whose revelations prompted the investigations into the corruption and money laundering scandal involving Malaysian state fund 1MDB. The Swiss citizen has now been freed by Thailand.
A former senior technology executive at Commonwealth Bank of Australia, has been sentenced to three-and-a-half years in prison for bribery offences.
The first fintech event of 2017 will see 24 startups from across the globe heading to Hong Kong as part of the week long StartmeupHK Festival. 2017 is expected to be another year of disruption with more financial technology innovations putting pressure on banks...
To settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 global financial crisis, the U.S. Department of Justice has asked Credit Suisse to pay an amount much higher than expected.
Leonteq, a Swiss provider of structured investment products, is feeling the pressure from difficult market conditions. The company expects to make less profit than previously anticipated and plans to cut costs.
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