09/06/2012
The Proposed Rules, which are not yet final, would have the effect of increasing the flexibility for issuers, including hedge and other alternative investment funds, to solicit purchasers through general solicitation, but would also impose a more signific
09/06/2012
"Reality seems to have finally caught up with him."
09/05/2012
The firm is still looking to recruit further fee earners for the anti-corruption and cross-border investigations piece of the practice, with a view to completing this by the end of the year.
09/05/2012
Royal Bank of Scotland shareholders who are threatening a £3.3bn lawsuit against the lender and its former directors have been dealt a blow after a US court dismissed similar allegations that the bank misled investors.
09/05/2012
Oudea said he had not heard from French prosecutors about the case and declined to comment on developments in Switzerland, where authorities are also probing banks.
09/04/2012
At least four former Barclays traders who worked under Pal in New York have drawn scrutiny from U.S. prosecutors and regulators in the investigation into the manipulation of the London interbank offered rate and related benchmark interest rates, according
09/04/2012
The drama played out last month between Standard Chartered and the New York state supervisor who threatened to strip the august British institution of its vital Wall Street banking licence was not entirely typical.
09/04/2012
The Securities and Exchange Commission today charged a California man with illegally tipping a hedge fund manager with inside information about Nvidia Corporation's quarterly earnings that he learned from his friend who worked at the company.
09/03/2012
After December 31, 2012, unless Congress enacts new legislation, this opportunity will vanish and will be replaced by a $1 million exemption and a 55 percent federal transfer tax rate.
09/03/2012
Although the current situation for banks is characterised by falling margins, a large number of regulatory projects and constant pressure from abroad, Switzerland can continue to be a leading financial centre.
09/03/2012
A former Dewey & LeBoeuf partner has filed a lawsuit claiming Citibank colluded with the now-defunct US firm to entice lateral hires in the run-up to the firm’s high-profile collapse this year.
09/02/2012
While employed at UBS, the three men participated in separate fraud conspiracies and schemes with various financial institutions between 2001 and 2006, the United States Department of Justice said.
09/02/2012
The agency claims to investigate “firms that rip-off government pension funds, contractors that over-bill taxpayers, and large-scale tax cheats”.
09/02/2012
A teenage prank has cost a customer service rep his job, thanks to new Federal regulations.
08/30/2012
Securities regulations have barred hedge funds and other private investment vehicles from advertising and marketing to the general public for more than 30 years.
08/30/2012
The bank argued in papers filed late Tuesday in Manhattan federal court that shareholders should have known the insurer might sue, based on published reports several months earlier.
08/30/2012
A case that has been pending for over three years, S.E.C. v. Arthur Nadel, has been somewhat resolved.
08/29/2012
The class-action suit, which was filed in New York in 2009, accused Citi of employing a “CDO-related quasi-Ponzi scheme” to conceal the growing risks on its balance sheet from the mortgage-backed debt and collateralised debt obligations (CDOs)
08/29/2012
The reprieve will afford the New York Fed an additional month to comply, according to people briefed on the matter.
08/28/2012
The proposal is driven by a law that repealed a ban on pitching such investments to all but a select few investors, such as those accustomed to pumping cash into hedge funds.