European banking regulator faces criticism after failing to take action on Danske Bank scandal
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European banking regulator faces criticism after failing to take action on Danske Bank scandal
European CEO 04/29/2019
The European Banking Authority’s decision to close its investigation into money laundering at Danske Bank without action has elicited reproach from the continent’s lawmakers…
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Critics fear shift at CFPB will let firms off the hook
National Mortgage News 04/30/2019
Director Kathy Kraninger said the agency will emphasize a confidential supervisory process instead of just doling out public enforcement actions. But skeptics worry this will let companies escape punishment…
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Alibaba Agrees to Pay $250 Million to Resolve Complaints Over Pre-IPO Counterfeit Claims
The Wall Street Journal 04/29/2019
Alibaba Group Holding Ltd. has agreed to pay $250 million to resolve investors’ lawsuits that accused the company of not disclosing before its $25 billion initial public offering that officials had met with the Chinese government regarding alleged counterfeit products sold on its platforms…
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The Most Powerful Women in Banking:
American Banker 04/28/2019
Get ready to meet 15 women — ages 40 and under — whose accomplishments and influence set them apart…
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SEC Fine Shows Bad Data Can Put The ‘Risk’ In Model Risk
Law360 04/29/2019
On April 19, 2019, the U.S. Securities and Exchange Commission published a settled administrative proceeding against Prosper Funding LLC for violating Section 17(a)(2) of the Securities Act of 1933 based on…
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