01/13/2014
The U.S. Supreme Court signaled interest in an appeal by the liquidator of Bernard Madoff’s firm, asking the Obama administration for advice on suits seeking $8 billion from banks alleged to have helped funnel money into his Ponzi scheme.
01/12/2014
The ruling gave the funds the power to enforce subpoenas against two banks for information about Argentine assets.
01/10/2014
International law firm Adds Veteran Tax Controversy Partners
The international law firm have announced that two partners with deep experience in tax controversy, criminal tax law and tax litigation have joined the firm from Hass & Hecht.
01/10/2014
He is widely recognized as one of the foremost estate planning and business succession planning attorneys in the United States.
01/08/2014
More than two years after they were originally proposed, on December 10, 2013, the federal banking agencies, the Securities and Exchange Commission and the Commodity Futures Trading Commission adopted final regulations to implement Section 13 of the Bank
01/08/2014
Switzerland’s largest federal court told the nation’s tax authority not to disclose data about the bank account of a client of Julius Baer Group Ltd. to the U.S., after the Internal Revenue Service made an invalid request.
01/08/2014
Signing bonuses, often referred to as 'employee forgivable loans' are paid by firms to brokers and other licensed securities professionals up front and structured as loans forgiven over time, typically a seven-to-10-year period.
01/08/2014
RBS is said to be among nine banks being investigated for selling subprime mortgages
01/07/2014
He is the highest-ranking banker charged in a U.S. crackdown on offshore tax evasion
01/07/2014
The decision contrasts with the approach taken last year in the case of J.P. Morgan's "London whale" trading debacle, where two former traders were charged with hiding losses on runaway bad bets that cost the bank more than $6 billion.
01/07/2014
It has been long settled in US tax law that the grant of a profits interest in a partnership is not a taxable event to the party receiving the interest.
01/07/2014
The subsidiary pleaded guilty last April to wire fraud and admitted its role in manipulating the Japanese Yen London interbank offered rate, or LIBOR.
01/06/2014
Furthermore, just 12 per cent of respondents believe that regulators fully understand how the financial crisis happened in the first place.
01/06/2014
EU leaders and the European Parliament are at odds over how to wind down troubled banks. Bank resolution procedures are one pillar of the planned eurozone banking union.
01/06/2014
JPMorgan is set to stump up $2bn to resolve a case with the Federal Reserve over suspicions that the bank ignored signs of Bernard 'Bernie' Madoff's Ponzi scheme.
01/06/2014
This revelation comes at a time when data and employee privacy issues, often triggered by investigations, are dominating the headlines and major corporations are facing increased regulatory scrutiny around anti-bribery and corruption legislation
12/27/2013
Regualtor fines British bank Barclays for failure to preserve order trade data, emails and instant messages
12/26/2013
The Dodd-Frank Act requires the SEC to examine NRSRO at least annually
12/25/2013
Russia accuses USA of violating bank secrecy
The U.S. authorities have violated several provisions of the Vienna Convention
12/24/2013
The American bankers Association on Monday said it would mount a legal challenge to the "Volcker rule" unless U.S. banking regulators softened a provision of the rule that restricts bank ownership of certain investments.