10/04/2012
Simmons & Simmons secures US alliance to boost funds practice
The non-exclusive alliance will focus on the firms’ hedge fund and asset management practices in London, New York and Hong Kong.
Legal, Regulation & Compliance
10/03/2012
RBS investigated by NY Attorney General
Royal Bank of Scotland is among the banks under investigation by New York’s top prosecutor over the sale of mortgage-backed bonds before the financial crisis.
10/01/2012
Covington & Burling has announced that it has elected 15 new lawyers to its partnership.
This group is comprised of diverse and talented individuals from five offices who have made their mark at the firm through exceptional work and the highest standards of client service.
10/01/2012
Citco launches FATCA compliance program for clients
The Citco Group of Companies has announced that it has undertaken an extensive Group-wide initiative to ensure full compliance with FATCA regulations.
09/30/2012
K&L Gates poaches three-partner team from Sidley
K&L Gates has focused heavily on its City finance practice this year
09/30/2012
Commerzbank cooperating in IRS case involving employee
"The bank is fully co-operating with the authorities," the Commerzbank spokeswoman said by telephone on Friday.
09/30/2012
Deutsche Bank unveils revamped global panel
The US firm is understood to have regained its place on the panel after the Frankfurt-headquartered bank completed its rejig of the roster towards the end of September.
09/28/2012
Osiris CEO Pleads Guilty To Conspiracy
Spak and his co-conspirators solicited investors to invest in the Osiris Fund, which they pitched to prospective investors as a hedge fund for the “little guys” and “moms and pops.”
09/28/2012
FATCA: Model Intergovernmental Agreement Released
This is a key step towards delivering on the commitment made by the same countries in their joint statement published in February 2012 that first heralded this intergovernmental approach.
09/27/2012
Ex-Hedge Fund CEO Pleads Guilty to $4 Million Fraud
The fund incurred trading losses of about $4.5 million in April and May 2010
09/27/2012
Bank of America Reaches Settlement in Merrill Lynch Acquisition-Related Class Action Litigation
Total Third-Quarter 2012 Litigation Expense Estimated to Be Approximately $1.6 Billion
09/26/2012
US removes sanctions from two Myanmar banks
"The Treasury Department looks forward to collaborating with the Government of Burma."
09/26/2012
Former Credit Suisse banker arrested
"He was taken into police custody and extradition proceedings will commence at Westminster Magistrates Court tomorrow," a police spokesman said.
09/26/2012
SEC Seeks to Intervene in Lehman Unit Fight With Barclays
The SEC has the legal right to participate in all cases involving a brokerage that’s being liquidated under the Securities Investor Protection Act, the regulator said in a letter to the U.S. Court of Appeals in New York.
09/26/2012
Mashreq clear to pursue case
Mashreq, the UAE bank caught up in the affair, will also get its chance to press for the repayment of cash it has claimed from the Al Gosaibis.
09/25/2012
Top securities regulator probes Westboro wealth management firm
An administrative complaint brought by Secretary of the State William Galvin’s office seeks to deny CCR Wealth Management that registration.
09/25/2012
Rajiv Goel Sentenced To Probation And Fines
The US federal court in New York on Monday sentenced him to two years of probation, a fine of $10,000 and ordered him to forfeit $266,000.
09/20/2012
Deutsche Bank VP says fired in retaliation for bias case
Plaintiff claimed German bank "mommy-tracked" her
09/20/2012
Child Actors Sue Bank of America
Bank of America is once again in the hot seat, this time for allegedly withdrawing money from child entertainers’ bank accounts, according to a recent class action lawsuit.
09/20/2012
SEC files fraud charges against Ore. fund manager
The Securities and Exchange Commission filed fraud charges Thursday against a Portland man accused of running a Ponzi scheme that raised more than $37 million.