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,
Legal, Regulation & Compliance
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
05/21/2013
HSBC Client Who Aided U.S. Offshore Tax Probe Gets Probation
A New Jersey businessman who cooperated with prosecutors in a U.S. probe of offshore tax evasion avoided prison for conspiring with five HSBC Holdings Plc (HSBA) bankers to hide Indian bank accounts from authorities.
05/21/2013
U.S. Justice Department tells lawmakers no bank is too big to jail
No institution and no individual is immune from prosecution because of its size