01/06/2013

Goldman Sachs seeks $7m legal fees from Rajat Gupta

Goldman Sachs is seeking nearly $7m (£4.3m) from a former board member convicted of insider trading to cover its legal fees and expenses, following a judge’s description of the bank as a “victim” of the crime.

01/03/2013

Swiss Bank Pleads Guilty to Tax Law Violations

“There is no excuse for wealthy Americans flouting their responsibilities as citizens of this great country to pay their taxes, and there is no excuse for foreign financial institutions helping them to do so.”

01/03/2013

Manx trusts accused of fraud in US

Douglas high court judgment involving four claimants – IFG International Trust Company Limited, Trident Trust Company (IOM) Limited, Inter-Continental Management Limited and Kleinwort Benson Trustees (Isle Of Man) Limited.

12/26/2012

Court tosses $203M Wells Fargo payment to customers

Before April 2001, Wells Fargo posted customer debit card purchases to their bank accounts in order of lowest charge to highest, which minimized the number of overdrafts, according to the ruling.

12/26/2012

US to reach debt limit on New Years Eve

In a letter Wednesday to Senate Majority Leader Harry Reid, Geithner said the treasury would take "extraordinary measures" to postpone the day the US could default on its liabilities, but could not say how long it had.

12/22/2012

Wells Fargo Shells $60M in Bias Case

Deposited into an escrow account last week, this fund size was calculated following an internal review of loans offered to minority borrowers.

12/19/2012

UBS brokers to U.S. clients: Libor isn't our fault

"Many of you have asked me what I will say to clients, prospects, recruits, family and friends who ask about the Libor settlement and its impact on me and WMA," wrote Bob Mulholland, head of wealth management and investment solutions at UBS Weal