01/03/2013
Douglas high court judgment involving four claimants – IFG International Trust Company Limited, Trident Trust Company (IOM) Limited, Inter-Continental Management Limited and Kleinwort Benson Trustees (Isle Of Man) Limited.
01/01/2013
It was one of the most important leads for U.S. investigators pursuing a case against the bank that eventually led to a $1.9 billion settlement on December 11.
01/01/2013
The IRS's powerful new tool chips away at bank secrecy.
01/01/2013
The rich would see a much bigger tax bill under the fiscal cliff deal, but even they will get some nice breaks.
12/27/2012
Porsche has won the dismissal of a lawsuit by 26 hedge funds that accused the German car maker of causing more than $1bn of losses by cornering the market in Volkswagen shares.
12/26/2012
He was released on a $5 million bail after he appeared in Manhattan federal court for an initial hearing last month.
12/26/2012
Before April 2001, Wells Fargo posted customer debit card purchases to their bank accounts in order of lowest charge to highest, which minimized the number of overdrafts, according to the ruling.
12/26/2012
In a letter Wednesday to Senate Majority Leader Harry Reid, Geithner said the treasury would take "extraordinary measures" to postpone the day the US could default on its liabilities, but could not say how long it had.
12/22/2012
Deposited into an escrow account last week, this fund size was calculated following an internal review of loans offered to minority borrowers.
12/20/2012
“Peter Madoff’s role was not at all passive,” the judge said.
12/20/2012
A credit-default swap is a contract that requires one party to pay another for the face value of a bond if the issuer defaults.
12/19/2012
Under FATCA, non-US financial institutions will be required to report information about financial accounts held by US taxpayers, or held by foreign entities in which US taxpayers hold a substantial ownership interest.
12/19/2012
"Many of you have asked me what I will say to clients, prospects, recruits, family and friends who ask about the Libor settlement and its impact on me and WMA," wrote Bob Mulholland, head of wealth management and investment solutions at UBS Weal
12/19/2012
An SEC investigation found that the Fiduciary/Claymore Dynamic Equity Fund attempted two strategies to enhance returns.
12/19/2012
However, he was fired about two weeks prior to the ruling for breaching Morgan Stanley's code of conduct, the Wall Street Journal reported.
12/18/2012
UBS Board of Directors authorizes settlements of LIBOR-related claims with US and UK authorities; Swiss regulator to issue order
12/18/2012
City disputes head Philip Rocher led the firm’s team on the UK side, advising the Swiss bank on matters including discussions with the FSA.
12/17/2012
The investment bank was the lead underwriter for the IPO and had been accused of improper influence between its bankers and research analysts who cover Facebook.
12/16/2012
Email was sent to affected sellers when the systematic removals began.
12/13/2012
A federal indictment unsealed today in U.S. District Court charged nine defendants in Charlotte and elsewhere with insider trading and money laundering, announced Anne M. Tompkins, U.S. Attorney for the Western District of North Carolina.