News

Fraud

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.
The Economy

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."
Ethics

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.
Fraud

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.
Capital Markets

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.
Fraud

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.
M&A

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."
The Economy

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."
The Economy

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.”
M&A

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."
Cryptocurrency

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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