The European markets watchdog is investigating whether the big three credit ratings agencies' methods of evaluating banks are rigorous and transparent enough, its chairman Steven Maijoor told the Financial Times on Monday.
Around 60 percent of the employees have decided they would not keep the shares but would instead sell them immediately to institutional investors, with Commerzbank itself and Deutsche Bank AG acting as bookrunners.
According to the report, the evolving regulatory framework for asset managers in a number of Asian countries, particularly with regard to consumer protection and fair dealing, is as tough as in Europe and the US.
Additionally, CIA did not have an AFSL, and was therefore trading illegally under the Corporations Act.
Adding to Mr. Falcone’s mounting woes, the Securities and Exchange Commission is expected to sue the money manager as soon as this week, planning to accuse him of taking a personal loan from his hedge fund, Harbinger Capital Partners, and of giving
The justices rejected an appeal by a man, identified by the initials M.H., who was held in contempt of court for refusing to comply with a grand jury subpoena seeking records that foreign- account holders are required to keep under the federal Bank Secrec
The married father of two, of Irish descent, claimed colleagues refused to speak to him because he was not Dutch.
The Board of Directors, in its regularly scheduled meeting Friday, reviewed the capital situation of Credit Suisse Group.
He didn't provide examples of excessive fees or specify any banks. But banks in general have come under criticism for charging high fees for a range of services, particularly as they record unusually strong profits.
The €65,000 penalty handed out to the Swiss bank’s unit is part of Ireland’s broader effort to strengthen oversight of the banking sector after the financial collapse that forced the country to seek a €67.5bn bailout from the EU and