Deutsche Bank Swallows $4 Bln of Charges for Clean Up
plunged to its worst quarterly loss in four years on Thursday
after it took nearly $4 billion in charges to try and draw a
line under a slew of scandals and boost its balance sheet
without asking shareholders for cash.
Insider Trading Escalates At Hedge Funds, Reflecting Weak Controls
The ongoing proliferation of insider trading cases at hedge funds points to the need for more transparency into investment decisions and trading processes. One way to stop the pattern is for hedge funds to form internal control groups that scrutinize the links between investment themes and material non-public information.
Video: The Future Of Data Management
Larry Tabb of TABB Group recently discussed with WS&T senior editor Melanie Rodier how firms are adapting their data management processes to the post-financial-crisis environment.
Re-Thinking Operational Risk on Wall Street
With no let-up in the flow of operational risk accidents at major banks, firms are hiring more seasoned experts and throwing more resources at the function. But more work needs to be done.
Peregrine Financial's Ex-CEO Faces Jan. 31 Sentencing
Peregrine Financial Group's former chief
executive, who pleaded guilty to embezzling more than $100
million from customers of his futures brokerage, will be
sentenced on Jan. 31, according to court documents filed on
How to Manage "Genius Trader Risk"
After a series of trading blow-ups by rogue traders, meet "the genius trader," who can do even worse damage. With their superior intellect, big egos,and technical expertise, they can easily win over CEOs. But, can risk managers reign them in?
BofA, Other Banks Move Closer to Ending Mortgage Mess
Bank of America Corp
announced more than $14 billion of legal settlements
over bad mortgages it sold to investors and flaws in its
foreclosure process, taking the bank a step closer to ending the
home loan problems that have dogged it for years.