05/04/2012
HSBC Holdings Plc’s Swiss private bank said fines and penalties relating to a tax-evasion probe by the U.S.as it published figures showing clients outflows in the second half of last year.
05/03/2012
Allegations against the bank include fraud, fraudulent inducement and negligent misrepresentation over the sale of the securities, according to documents filed in New York State Supreme Court yesterday.
05/02/2012
Nissan and Nugent have represented clients across a broad spectrum of sectors, including the manufacturing; entertainment; Internet; technology and software; consulting; and product distribution industries.
05/01/2012
Dewey removed the partners' names from its website between Friday and Monday.
05/01/2012
The accord would resolve a New York lawsuit claiming the bank's board, including former Chief Executive Officer Kenneth Lewis, had hidden how Merrill was headed toward an eventual $15.84 billion quarterly loss, even as it was paying $3.6 billion of b
04/30/2012
The firm notified staff and created a telephone hotline for client advisers to check whether they are on the list, the Swiss newspaper said.
04/30/2012
Regulators also closed Inter Savings Bank in Maple Grove, Minn., Plantation Federal Bank in Pawleys Island, S.C., and Palm Desert National Bank in Palm Desert, Calif.
04/30/2012
A source familiar with the probe said a preliminary investigation was prompted after a group of Dewey partners asked District Attorney Cyrus Vance to examine "financial irregularities" at the firm.
04/30/2012
Senator Rand Paul is blocking an amendment to a U.S.-Swiss tax treaty, slowing Switzerland’s handover of data on thousands of Americans with bank accounts hidden from the U.S. Internal Revenue Service.
04/27/2012
Federal prosecutors in New York this month disclosed that a Goldman Sachs employee was under investigation for passing illegal tips to Rajaratnam.
04/27/2012
TD Bank also replaced the law firm, Greenberg Traurig LLP, which represented it during a January trial in which the bank was sued by investors who claimed it should have detected money laundering in accounts Rothstein held there.
04/27/2012
Clifford Chance has announced the election of 27 lawyers to its global partnership, including four from the Americas region
04/25/2012
Federal prosecutors in Manhattan labeled Wegelin & Co. a "fugitive" in February after it failed to appear a court hearing in a separate criminal case against the Swiss private bank.
04/23/2012
Bank of America Corp. directors, who were sued by shareholders for allegedly paying too much for Merrill Lynch & Co., must defend a proposed $20 million settlement of the claims in federal court in New York.
04/23/2012
SEC Charges British Twin Brothers Touting "Stock Picking Robot" in Internet Pump-and-Dump Scheme
The Securities and Exchange Commission today charged twin brothers from the U.K. with defrauding approximately 75,000 investors through an Internet-based pump-and-dump scheme in which they touted a fake “stock picking robot” that purportedly i
04/23/2012
The Securities and Exchange Commission has charged a Boston-based father-son duo of hedge fund managers and their firms with securities fraud for misleading investors about their investment strategy and past performance.
04/20/2012
The Volcker Rule could negatively impact investing in bonds by leading to the creation of a two-tiered market for municipal bonds while also reducing liquidity for some corporate bonds, Snook said. It could also impact mutual fund investing, he said, by r
04/20/2012
It was one of the few cases to reach the appellate level in which a sophisticated investor accused a bank of profiting unjustly by being negligent in marketing and selling a product.
04/20/2012
The investigation of the Goldman employee was divulged during a hearing involving the insider trading case against former Goldman board member Rajat Gupta.
04/19/2012
Within its announcement of the final regulations, the Treasury and the IRS have attempted to confront some of the questions and opposition that the reporting rule has previously raised in Congress and the US financial sector, in that it has been forecast