06/09/2013
Full payout to Lehman Brothers' customers begins Friday: Trustee
The trustee liquidating Lehman Brothers' collapsed brokerage will begin a round of distributions
Legal, Regulation & Compliance
06/09/2013
DLA Piper Beats Out Baker & McKenzie at Top of Chart
The results are part of this year's NLJ 350, The National Law Journal's annual survey of the nation's largest law firms. Rankings are based on the number of full-time lawyers at firms as of December 31.
06/06/2013
Saudi Prince sues Forbes for underestimating his wealth by $9 billion on its ‘rich list’
Prince Alwaleed bin Talal is a very rich man he’s worth $20 billion,
06/05/2013
Wells Fargo, Merrill to pay $5.1 million to settle charges over bank loan funds
Wells Fargo Advisors LLC and Merrill Lynch have been ordered by the Financial Industry Regulatory Authority Inc.
06/05/2013
HSBC To Be Sued By New York Over Foreclosure Abuses
The state of New York plans to sue HSBC Holdings Plc for ignoring a law designed to protect struggling homeowners from being thrown into foreclosure without getting a chance to renegotiate their mortgages.
06/04/2013
Bank of America, Wells Fargo Fined By Finra Over Funds
Wells Fargo and Banc of America allowed their brokers to sell floating-rate bank loan funds to investors for whom the positions were unsuitable, resulting in significant losses to many customers
06/03/2013
UBS unit to pay $5.3 million to settle SEC charge
The rule prevents an entity from buying stocks in a public offering if it has shorted those same stocks
05/30/2013
HSBC Money-Laundering Investigation Letters Spark Questions Over Rushed Fine
A series of emails and letters released to Public Citizen, a Washington-based advocacy group, paint a partial picture of the Treasury
05/29/2013
A Former UBS Banker Became Mentally Unstable After A Helicopter Crash And Spent Millions On Total Strangers
What's more is his Bank of America financial adviser, who was aware of his mental condition, did nothing to stop it
05/28/2013
Liberty Reserve shut down in $6bn money laundering case
US regulators become increasingly concerned about the abuse of online currencies
05/28/2013
Ex-KPMG senior partner to plead guilty to insider trading
Investigators then reportedly tape-recorded Mr London passing on information
05/28/2013
Swiss banks strike deal with US over tax evasion
The Swiss government agreed on Wednesday to create a legal basis that will allow its banks to settle investigations by US authorities into their role in helping wealthy Americans evade billions of dollars in tax.
05/27/2013
Withers/Speechly merger: Why the tie-up talks unravelled
Withers was considerably further ahead than Speechly Bircham in its international investment
05/27/2013
US requests bank data from Julius Baer
The United States has increased pressure on Switzerland to find a lasting solution to the tax evasion row between the two countries
05/27/2013
Withers chairmanship goes to NY partner
Anthony Indaimo is to stand down in July
05/23/2013
Mass. Regulator Fines Ameriprise, Four Others for Improper REIT Sales
Real-estate investment trusts own and manage income-producing property or are involved in real-estate financing.
05/22/2013
Speechlys pledges third European office opening after Withers talks collapse
We intend to open a third office in a major European location
05/22/2013
Withers and Speechly Bircham call off merger after top-level talks
our strategy of developing our well-established commercial and private wealth practices in an increasingly international context
05/22/2013
Sullivan boosts finance and restructuring with Linklaters' Howard
expertise in cross-border restructuring and finance would support the increasingly global work of the firm’s clients
05/21/2013
Swiss banks facing huge fine over US assets
US authorities have repeatedly accused Swiss banks of complicity in tax evasion