Friday, October 31, 2014

HSBC Agrees to Pay U.S.$1.9 Billion to Resolve Money Laundering Case

December 19, 2012 in BNA's Banking Report · Leave a Comment 

The London-based HSBC Group and HSBC Bank USA have agreed to pay $1.9 billion and enter into a deferred prosecution agreement (DPA) to resolve charges of money laundering and doing business with countries subject to U.S. sanctions…

Federal Reserve Proposes Guidelines for Foreign Banks in Keeping with U.S. Bank Capital Standards

December 19, 2012 in BNA's Banking Report · Leave a Comment 

Big foreign banks would face capital standards applied to their U.S. counterparts and be required to maintain a 30-day buffer of highly liquid assets under a proposal Dec. 14 by the Federal Reserve that makes significant change in its regulation of overseas lenders…

Schapiro to Leave SEC in Mid-December; White House Taps Walter as Replacement

Ending weeks of speculation, SEC Chairman Mary Schapiro Nov. 26 announced that she will step down on Dec. 14. On the same day, the White House announced that it intends to designate SEC Commissioner Elisse Walter to the chairmanship after Schapiro departs…

Fed to Overhaul Regulation of Foreign Banks, Eyeing Three-Part Framework

December 4, 2012 in BNA's Banking Report · Leave a Comment 

The Federal Reserve Board plans to overhaul how it regulates the U.S. operations of large foreign banks, outlining a three-part framework based on a new holding company structure, uniform capital and stress-testing requirements, and liquidity standards…

BNA INSIGHTS: Patents Become the New Currency Among Competing Tech Companies

With patents emerging as valued currency, the author offers tips for determining their value…