Clients will benefit from having more choice, and lower friction pricing models will promote greater liquidity, says Morgan Stanley's David Russell.
May 2, 2021New disclosures from UBS and Nomura have raised estimates of the total losses to banks to over $10.5bn.
April 29, 2021The PBOC will allocate more green bonds to China’s foreign exchange reserves. A new catalogue of projects that are eligible for green bond issuance has been issued.
April 22, 2021Huarong’s failure to publish its earnings by its 31 March deadline has prompted concerns of a default by China's largest distressed debt manager.
April 16, 2021The judge dismissed a case against 10 banks alleging manipulation of the US Treasuries market due to a lack of evidence of a conspiracy.
April 8, 2021The SEC, FSA, and FINMA are monitoring the situation, after the collapse of Archegos Capital Management left Nomura and Credit Suisse with billions in losses.
March 30, 2021Malaysia’s Finance Ministry is also negotiating a settlement with KPMG, which was replaced by Deloitte as auditor of 1MDB in 2013.
March 5, 2021AmBank was used by former prime minister Najib Razak to receive billions of ringgit linked to a 1MDB unit between 2014 and 2015.
March 1, 2021FINRA said Goldman failed to maintain a reasonable system to identify and properly screen individuals who became associated with the firm in a non-registered capacity.
January 29, 2021Drawing from landmark penalties in 2020, FINTRAIL’s Payal Patel and Sara Abbasi identify key lessons to help financial institutions guard against financial crime.
January 20, 2021