Research into a Finnish fraud shows how investment ideas—both good and bad—can spread.
The grocery giant faces legal action on both sides of the Atlantic.
The ratings agency calls for international regulators to simplify the scope of their “too big to fail” proposals for asset managers.
The bank was accused of overcharging clients for foreign exchange trades and pocketing the profits.
It’s no longer as simple as upholding the financial interests of a pension fund’s members.
Current reporting rules could mean deficit problems “fester for too long”, warns the International Accounting Standards Board’s chairman.
Prosecutors still want former Wyoming CIO John Johnson to stand trial and believe there is enough evidence against him.
Global regulators have taken a major step forward in designating the world’s biggest asset managers and investment funds as “systemically important financial institutions”.
The overhauled financial statements would improve transparency, the group argued, particularly on nonprofits' liquidity and net investment income.
Two former bond traders exploited “weaknesses” in the asset manager’s systems and controls to increase their take of performance fees.