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The Justice Department announced a criminal plea and settlement with BNP Paribas on Monday, in which the French bank will pay nearly $8.9 billion to settle charges it willfully continued to do business with countries and entities on the U.S. sanctions list. It was the largest sanctions fine in the Justice Department's history more than four times larger than #2 on the list. The following are the largest penalties paid by banks for sanctions violations.
July 2
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Goldman Sachs Group Inc. was accused by two former employees seeking to expand their lawsuit of discriminating against women while male colleagues engaged in binge drinking and took clients to strip clubs.
July 2 -
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Low or negative correlation is necessary for a good alternative investment, but don't forget the second essential trait.
July 2
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BlackRock Retakes Lead in ETF Deposits on Emerging-Markets
July 2 -
This week, for the third time, the biggest U.S. banks have sent regulators detailed plans for their own demise. The regulators response to those filings has been far less detailed.
July 2 -
The revenue increases were concentrated in the smaller bank broker dealers, according to a new survey by Kehrer Saltzman & Associates.
July 2 -
Innovation Essential for ETF Wholesalers
July 2 -
Treasury Department approves new annuity; Advisors keep clients' emotions in check; Important questions about Social Security
July 2 -
The recruiting firm awards exam fee reimbursements to three new planning graduates -- as long as they pass the test.
July 1
