Search Results for: Federal Reserve Board
JPMorgan Chase Paying $264 Million to Settle FCPA Charges
November 18th, 2016
The Securities and Exchange Commission today announced that JPMorgan Chase & Co. has agreed to pay more than $130 million to settle SEC charges that it won business from clients and corruptly influenced government officials in the Asia-Pacific region ...
Wells Fargo Chairman and CEO is stepping down following fake accounts scandal
October 13th, 2016
Embattled Wells Fargo Chairman and CEO John Stumpf is stepping down from the bank he has led for nearly a decade, following intense scrutiny over a fake accounts scandal that erupted last month. San Francisco-based Wells said Wednesday that ...
Goldman seeks to force ex-employee in Fed leak case to arbitrate
August 19th, 2016
The lawsuit was filed in New York state Supreme Court in Manhattan against Joseph Jiampietro, an ex-Goldman employee whom the Federal Reserve Board this month brought an enforcement case against. Goldman Sachs Group Inc filed a lawsuit on Thursday ...
OpenDoor Becomes First Women-Owned Bond Trading Platform
July 14th, 2016
Following the closing of a $10 million investment round, OpenDoor Trading, LLC (“OpenDoor”) has become the first U.S. bond trading platform both majority-owned and majority-controlled by women. The funds will be used to support technology and business development of an innovative ‘all-to-all’ ...
Dollar in vogue, hits three-week high on revived Fed rate hike expectations
May 18th, 2016
The dollar rallied to a three-week high against the euro and a basket of currencies on Wednesday on renewed expectations that the Federal Reserve could raise interest rates soon. U.S. consumer prices recorded their biggest increase in more than ...
Mobile Payments: Where’s the Benefit?
May 5th, 2016
The ‘use case’ for mobile payments, particularly at the point of sale, is still not strong enough to lure the bulk of smartphone owners. Apple’s Tim Cook speaks of mobile payment adoption as if the market is exploding. On ...
FED survey provides information on mobile financial services
March 31st, 2016
Mobile banking use continued to rise last year as smartphone adoption grew and consumers were increasingly drawn to the convenience of mobile financial services, according to a Federal Reserve Board report,Consumers and Mobile Financial Services 2016, released on Wednesday. The ...
Advice to the Prime Minister/President
November 19th, 2015
Your country faces a stagnating economy. Let us assume your Prime Minister (or President if that is who holds the executive power) seeks advice from two imaginary economists. PM: You two economists have different views on what our economic ...
NYDFS Announces Goldman Sachs to Pay $50 Million
October 30th, 2015
NYDFS Announces Goldman Sachs to Pay $50 Million; Accept Three-Year Regulatory Consulting Abstention; Admit Failure to Supervise For Banking Law Violations Goldman Sachs Employee Schemed to Steal Confidential Regulatory Information, and Improperly Shared that Information with Other Goldman Employees ...
CFTC Issues Proposed Rule on Cross-Border Margin
June 30th, 2015
The U.S. Commodity Futures Trading Commission (Commission) today voted unanimously to propose a rule that would apply the Commission’s margin requirements for uncleared swaps in the context of cross-border transactions (Proposed Rule). The Proposed Rule would apply to Commission-registered ...
