The U.S. Justice Department has settled with Nomura Holding America Inc. and its affiliates over federal civil claims that Nomura allegedly misled investors via the marketing, sale and issuance of residential mortgage-backed securities (RMBS) between 2006 and 2007, government and bank officials confirm. The settlement will cost Nomura $480 million, and Nomura officials say firm… Read More >>
Frankfurt Leads in Race to Be Next E.U. Financial Hub
As U.K. and European Union officials battle it out over Brexit financial settlements and border resolutions, Paris, Amsterdam, Dublin and Frankfurt are vying to be the city of choice for London-based financial institutions searching for a new European base. Competition is fierce but Germany’s largest city and financial capital, already home to the European Central… Read More >>
Brexit-Born Bank Exodus Begins
Frankfurt and Dublin are emerging as the favorite hotspots for foreign banks as United Kingdom and continental European negotiators hammer out a Brexit deal by March 2019. Although many observers believe that the Brexit process will take longer than the earmarked two-year period, there has been a spate of announcements because banks, fund managers, insurers… Read More >>
CIBC to Deploy Reporting Hub from Wolters Kluwer
CIBC to Expand Use of OneSumX Canadian financial institution CIBC will be using financial technology vendor Wolters Kluwer’s OneSumX regulatory reporting software for its efforts in the U.K. and Asia Pacific region, vendor officials say. The OneSumX offering provides solutions and services to “manage the intersection of governance, finance, risk and compliance, increasing organizational profitability,… Read More >>
Q&A: ‘NRI to Up Sales Outside Japan to $1 Billion’
The new president of NRI Holdings America Yasuki Okai talks about the company’s North American push.
Omgeo Replaces its CCO as Markit Acquires DTCC Unit and Staff
Omgeo Replaces Chief Compliance Officer Post-trade services provider Omgeo has hired industry veteran Jeannie Shanahan to be its new managing director of governance, risk management and compliance replacing Kara L. Hill, who left her post as chief compliance officer to be vice president and deputy general auditor for the DTCC, confirm Omgeo officials. Hill joined… Read More >>
UBS Fills Top Posts as Former HedgeCo Networks Exec Joins I.A. Englander
UBS Fills Two Top Posts William Vereker will leave Nomura and join the investment bank division of UBS on June 1 as head of corporate client solutions, EMEA. Also starting in June, Oliver Bussmann will be moving to UBS from enterprise software provider SAP to become group chief information officer (CIO), say officials.The hiring of… Read More >>
