08/28/2014
The move by the SEC was expected considering the fact that alternative mutual funds have swelled nearly tenfold in size from just over $30 billion in 2008 to $283 billion at the end of 2013
08/28/2014
In a shift from a 2010 proposal, the SEC declined to extend the requirements to so-called private placements, in which the bonds are sold only to certain institutional investors with at least $100 million in investments.
08/27/2014
Kramer agreed to cooperate with the government and to pay a civil penalty of $588,042
08/27/2014
The court denied Weil’s motion to obtain live video testimony
08/27/2014
Firm’s Supervisory Failures over Fee Processing Led to Client Overcharges at Times
08/27/2014
Argentina’s banking regulator has revoked the charter for Bank of New York Mellon to operate in the country.
08/27/2014
Freshfields NY corporate partner joins King & Spalding
He will work across King & Spalding’s New York and Silicon Valley offices to advise the firm’s clients and matters on the west coast.
08/26/2014
There is no constitutional right to self-representation on appeal
08/26/2014
Federal statutes are presumed not to have effect outside of the territorial jurisdiction of the United States
08/25/2014
The DoJ is turning to other banks after its record settlements with JPMorgan
08/25/2014
A former executive of Gibraltar Private Bank & Trust has brought suit in Florida state court seeking damages under the Florida Whistleblower Act, saying the company fired him after he lodged complaints over another executive's alleged discriminat
08/24/2014
The SEC had initially asked for up to $72 million for a civil penalty
08/24/2014
Britain's HSBC bank is facing a lawsuit over allegedly ignoring warnings that late entrepreneur David Elias was committing fraud through an investment vehicle.
08/24/2014
Regulator Federal Housing Finance Agency finds bank sold faulty bonds to Fannie Mae and Freddie Mac
08/24/2014
The reason why is simple: Although the government has outlined numerous instances where bankers knowingly misled investors about the riskiness of the loans that were bundled into securities, those individuals have largely escaped any punishment.
08/24/2014
Firms in the financial services industry are known for being subject to a growing number of regulations.
08/21/2014
Violation Occurred When Berkshire Hathaway Acquired Voting Securities of USG Corporation
08/21/2014
The deal is the largest settlement arising from the economic meltdown in which millions of Americans lost their homes to foreclosure
08/21/2014
Sher claimed Barclays wrongfully shored up its own financial condition in August 2007
08/20/2014
Japan's biggest lender pressured PwC to delete a report on wire transfers the bank submitted to regulators