Compliance and Regulatory News

NYSE is ‘freaking out’ looking for leakers after Post exposé

The Compliance Exchange compliancex December 10, 2018

The New York Stock Exchange scrambled to contain the fallout from The Post’s exclusive Friday report that revealed a special side deal allowing Morgan Stanley to trade large blocks of stock after the closing bell. Exchange officials were on a witch hunt for leakers who spilled ...Read More

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I worked on the trading floor of Goldman Sachs for years. Here’s why I became a nerd to survive on Wall Street.

The Compliance Exchange compliancex December 10, 2018

Technology is a great democratizing force on Wall Street and is forcing management teams to rethink their sales and trading businesses. Automation, electronification and digitization means the traditional advantages exploited by capital markets incumbents like capital and scale are no longer the key differentiators ...Read More

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How Much Could the 1MDB Scandal Cost Goldman Sachs?

The Compliance Exchange compliancex December 10, 2018

A huge fraud at a Malaysian investment fund has cast a harsh light on Goldman Sachs. But how much could the scandal cost the firm? Wall Street has been trying to estimate the amount of legal penalties and settlements Goldman may pay after United ...Read More

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Jamie Dimon interrupted twice by shouting protesters at Goldman Financial conference

The Compliance Exchange compliancex December 10, 2018

Dimon, 62, as the elder statesman for the U.S. financial industry, has been the target of groups protesting issues from human rights to climate change. A pair of unscheduled speakers interrupted J.P. Morgan Chase CEO Jamie Dimon during his annual speaking engagement at the Goldman Sachs ...Read More

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British banks may have been used for illicit payments related to Huawei: WSJ

The Compliance Exchange compliancex December 10, 2018

HSBC and Standard Chartered, two British banks that have taken heat for anti-money laundering violations in the past decade, may have been used to facilitate alleged illicit transactions between Iran and Chinese technology giant Huawei, The Wall Street Journal reported on Sunday. Over the ...Read More

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British banks may have been used for illicit payments related to Huawei: WSJ

The Compliance Exchange compliancex December 10, 2018

British banks Standard Chartered and HSBC were reportedly among financial institutions misled by Chinese technology giant Huawei into funneling illicit payments from Iran, The Wall Street Journal reported on Sunday, citing sources familiar with the matter. According to the Journal, Huawei allegedly used a third-party intermediary — a small ...Read More

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Hedge funds make big bets against post-Brexit UK economy

The Compliance Exchange compliancex December 10, 2018

Hedge funds make million-pound bets against high street as Brexit uncertainty threatens UK economy A pair of hedge funds owned by prominent Brexit supporters have made significant bets against companies exposed to the British consumer including big high street names. Odey Asset Management, part-owned by Crispin ...Read More

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Here’s what became of Bernie Madoff’s inner circle

The Compliance Exchange compliancex December 10, 2018

Few people outside of Wall Street had heard of Bernard Madoff before he confessed to his epic fraud in 2008. In the decade since, he has become the personification of greed — and a household name. Madoff and his inner circle have been featured ...Read More

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German Finance Ministry Declines Comment on Deutsche Bank Merger ‘Speculation’

The Compliance Exchange compliancex December 10, 2018

Deutsche Bank (DB – Get Report) shares were marked modestly higher Monday, even as stocks around the region drifted lower, following a German media report that suggested the troubled lender could be merged with domestic rival Commerzbank AG (CRZBY) . A German Finance Ministry spokesperson declined ...Read More

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An arrest, a debutante ball, and 3 marriages: Inside the insane lives of the super rich Huawei dynasty

The Compliance Exchange compliancex December 10, 2018

Huawei’s CFO Meng Wanzhou was arrested on December 1 in Canada over fears the company violated US sanctions against Iran. Meng is the daughter of Huawei’s ultra-wealthy CEO and founder, Ren Zhengfei. Ren and his three children are Chinese royalty, ...Read More

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