Mis-selling
Goldman Sachs to pay $550 million to settle SEC lawsuit
US bank receives the largest fine the SEC has ever imposed on a financial entity
UBS fines for misselling structured products could be first of many
UBS has come under fire in a series of court cases in the US for inappropriate sales of Lehman Brothers principal-protected notes and a failure to inform retail investors properly of the risks involved. More cases are likely.
Structured Products Americas: More mis-selling fines to follow, Finra warns
The US industry's own regulator says its mis-selling investigation may lead to more fines for US companies.
Goldman charged over CDO role
The US Securities and Exchange Commission filed a lawsuit against Goldman Sachs in April, alleging the firm misled clients. Some observers suggest the action may not be successful, but criticise Goldman’s behaviour. By Mark Pengelly and Duncan Wood
Goldman criticised over CDO after SEC lawsuit
Goldman Sachs has been sharply criticised for arranging a synthetic collateralised debt obligation (CDO) at the centre of a lawsuit filed by the US Securities and Exchange Commission (SEC) last week.
Whistle-blower calls for ban on local government derivatives use
Italian academic Gustavo Piga, who first identified the deceptive use of derivatives by one European state in 2001, believes local governments should be banned from using derivatives products.
Binge then bust
Politicians have recently expressed alarm at a cross-currency swap conducted between Greece and Goldman Sachs in 2001, which allowed the sovereign to reduce the debt it reported in its public accounts. But other examples now coming to light show the…
Protect to survive
The Lehman minibond scandal put Hong Kong firmly in the spotlight, with television images of protesting investors beamed across the world. In response, the Securities and Futures Commission (SFC) is making changes to investor protection rules. Martin…
'Litmus test' case as banks charged with fraud over Milan restructuring
Four banks to stand trial over Milan restructuring trade
Dealing with disputes
Editor's letter
FSA threatens to treble fines
Daily news headlines
Hong Kong ring-fenced assets prior to Lehman Bros collapse
HKMA puts 19 foreign banks on its watch list; conducts 'swine flu' stress test
