07/16/2012
The multiyear probe into HSBC by the Senate permanent subcommittee on investigations is expected to reveal activities similar to those that led Wachovia Bank to reach a $160m agreement with the Department of Justice in 2010 to settle allegations that it l
07/15/2012
Deutsche Bank was a heavyweight financial player during the American mortgage meltdown and its aftermath: empty and neglected properties that blight local neighborhoods.
07/15/2012
The U.S. Department of Justice and the Federal Bureau of Investigation in New York in May began a probe of the bank’s trading losses, a person familiar with the matter said.
07/15/2012
On February 9, 2012, the CFTC issued a final rule regarding changes to Part 4 of the Commission’s regulations involving registration and compliance obligations for CPOs and CTAs.
07/15/2012
The US Justice Department, meanwhile, has identified potential criminal wrongdoing by big banks and individuals at the centre of the scandal.
07/15/2012
Swiss bank accounts are often used by tax evaders.
07/12/2012
Both have been called to testify before the Senate Banking Committee on the scandal surrounding Libor, a measure of the cost of money that is used as the basis for more than £200 trillion in loans.
07/12/2012
UK newspaper the Guardian says it has been told by sources that Diamond is likely to be called to Washington to answer questions about the Libor-fixing scandal.
07/12/2012
Those were among the findings reported by the Advanced Planning and Family Office Practice Group at US law firm Handler Thayer LLP in their 2012 outlook.
07/11/2012
In the note sent to employees on Tuesday, the London-based lender's chief executive Stuart Gulliver said the Permanent Subcommittee on Investigations would expose weaknesses in the bank's money laundering controls.
07/11/2012
Notheis, 44, who ran Morgan Stanley's operations in Germany and Austria for more than three years, was granted leave of absence by the bank last month following an uproar over emails he reportedly exchanged with Mappus.
07/11/2012
But those changes left the New York Fed’s front-line examiners without deep knowledge of JPMorgan’s operations for a brief yet critical time, said those people, who spoke on the condition of anonymity because there is a federal investigation o
07/11/2012
In the case of Barclays and UBS, multiple law firms are representing individuals who have worked at those banks, sources said.
07/10/2012
In addition, David Berek, a Partner in Handler Thayer, LLP's Advanced Planning and Family Office Practice Group, made the final-five short list of nominees for the 2012 Best Private Client Lawyer Award.
07/10/2012
The agreement, which sees Skadden Arps Slate Meagher & Flom advise Amerigroup, marks one of the largest-ever cash deals in the health insurance sector just weeks after the US Supreme Court upheld president Barack Obama’s law to extend healthcare
07/10/2012
U.S. prosecutors may take criminal or civil enforcement measures involving the London-based bank amid an investigation into terrorist funding, HSBC said in February.
07/09/2012
Representative Edward Markey on Monday released data from the companies showing more than 1.3 million requests for cell phone records last year.
07/09/2012
The panel has been investigating HSBC for months as part of an effort by the Senate panel to probe shadowy money flows.
07/09/2012
The U.S. Securities and Exchange Commission is probing JPMorgan’s belated May 10 disclosure that a change to its mathematical model for gauging trading risk helped fuel the loss in its chief investment office.
07/08/2012
In addition, $1.2 trillion in across-the-board reductions in spending on federal programs would begin to phase in as a result of Congress' failure late last year to find a comprehensive deal to cut the budget deficit.