Welcome to the New World of Sanctions – Part 2

by Jack J. Kelly on December 17, 2014

Over the summer ComplianceX wrote several pieces highlighting’s President Obama’s new method of conducting modern welfare.

First his law enforcement and regulatory henchman attacked HSBC, Royal Bank of Scotland, Barclays, Standard Chartered Bank, Commerz Bank, and Deutsche Bank amongst others.

Do you notice a trend? US law enforcement and regulators feeling the pressure to go after banks in this post financial crisis, targeted international banks over money laundering violations.

The idea was perfect, appease the people who are gripping about Wall Street getting away with awful practices yet not directly confront US banks.

The plan … Read More »

R.B.S., Lloyds and Co-op Bank Fall Short in Bank of England Stress Test

by The Compliance Exchange on December 17, 2014

The results from the Bank of England’s latest health check on Britain’s top banks are in, with one bank failing, one coming razor close to failing and a third looking bad enough at the end of 2013 to warrant significant fund-raising.

The central bank said on Tuesday that the … Read More »

Regulator Finds Deficiencies With Mortgage Servicer Ocwen Financial

by The Compliance Exchange on December 17, 2014

 Ronald M. Faris, chief executive of Ocwen Financial.Ocwen Financial, a firm that collects the payments on millions of mortgages, has fallen afoul of another regulator.

The monitor of the National Mortgage Settlement announced on Tuesday that his office could not rely on information provided by Ocwen. That settlement, struck in 2012, requires … Read More »

Law School Enrollment at Lowest Level Since 1982

by The Compliance Exchange on December 17, 2014

Law school enrollment fell again this fall.

Enrollment dropped nearly 7 percent from last year, according to the American Bar Association. That represents a 17.5 percent decline from the historic high enrollment in 2010, and puts enrollment at the lowest level since 1982 – a period when there were many fewer law … Read More »

Barclays and Lehman brothers dispute petitioned to Supreme Court

by The Compliance Exchange on December 16, 2014

The trustee handling the liquidation of the brokerage unit of Lehman Brothers Holdings Inc filed a petition with the U.S. Supreme Court on Monday seeking review of the business’s cash assets awarded to Barclays Plc (BARC.L).

Lehman, once Wall Street’s fourth-largest investment bank, had $639 billion of assets when it filed … Read More »


Web Design by Dashing Web Design