Accounting & Tax
Credit & Capital
Risk & Compliance
Ex-Goldman Compliance Analyst Accused of Insider Trading
The SEC says a Spanish national abused his position in Goldman's compliance unit to make more than $471,000 in profits from insider trades.
Consumer Confidence Dips on Delta Spread
"Assuming predictions of delta dropping hold true, this setback may be a three-month trough during the recovery rally."
Fed Regional Chiefs Resign Amid Ethics Outcry
The trading activities of Robert Kaplan and Eric Rosengren raised questions about whether they were "acting for personal profit" as Fed policymakers.
Wells Fargo Fined $37M Over Forex Fraud
The bank's sales specialists allegedly charged forex customers higher markups on transactions than they represented the bank would charge.
SEC Gives Bond Dealers 3-Month Reprieve
The commission has delayed enforcement of amendments to a disclosure rule amid concerns over its potential impact on the bond markets.
Risk & Compliance
Ad Giant WPP Fined $19M for FCPA Violations
The SEC says the company failed to properly supervise subsidiaries in foreign countries, resulting in bribery and other illicit schemes.
Subprime Auto Securitization Was a ‘House of Cards’
The former principals of Honor Finance misrepresented the quality of loans that they packaged into a $100 million securities offering, the SEC says.
GE Buys BK Medical in $1.4B Ultrasound Bet
The acquisition will enable GE Healthcare to expand its ultrasound business "beyond diagnostics into surgical and therapeutic interventions."
Fed Signals Bond-Buying Taper Coming Soon
The Fed's monthly purchases of government-backed bonds to prop up the economy "still have a use, but it’s time for us to begin to taper them."
OECD Urges Caution on Easing Fiscal Support
"A premature and abrupt withdrawal of policy support should be avoided whilst the near-term outlook is still uncertain.”
U.S. Bancorp to Buy MFUG Union Unit for $8B
“The acquisition of MUFG Union Bank underscores our commitment to strengthen and grow our business on the West Coast."
U.S. Slaps Crypto Exchange With Sanctions
In an unprecedented enforcement action, the Treasury Department says Suex OTC facilitated the laundering of illicit proceeds from ransomware attacks.
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