SEC
Wealth managers
Asset managers in the US may face bank-style stress tests and a ban on the use of derivatives in retail funds in the latest initiative proposed by the Securities and Exchange Commission (SEC).
12 December 2014
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2 min read
Industry
US futures firm MF Global Holding has been ordered to pay $1.2bn (£740m) in restitution to its customers over its collapse.
19 November 2013
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Industry
JO Hambro Investment Management (JOHIM) has created a resident non-domiciled (RND) team to cater for increasing demand for its products from international clients based in the UK.
16 September 2013
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US
The FBI is investigating whether insider trading took place in Heinz shares ahead of the food giant's historic deal with Warren Buffett's Berkshire Hathaway.
20 February 2013
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Financial services
Barclays is at the centre of further scandal after a senior executive quit following revelations he shredded a report which said part of the bank was "out of control".
21 January 2013
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Economics
The New York Stock Exchange cancelled trades in shares which rose as much as 150% yesterday after Knight Capital's electronic trading system malfunctioned.
02 August 2012
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US
The JPMorgan Chase employee, dubbed the ‘London Whale', who was responsible for an estimated $2bn loss has left the bank.
13 July 2012
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Financial services
JPMorgan Chase & Co has sold off around 70% of the ‘London Whale' position which caused $2bn of trading losses for the investment bank, according to reports.
21 June 2012
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