07/09/2012
The U.S. Securities and Exchange Commission is probing JPMorgan’s belated May 10 disclosure that a change to its mathematical model for gauging trading risk helped fuel the loss in its chief investment office.
07/08/2012
In addition, $1.2 trillion in across-the-board reductions in spending on federal programs would begin to phase in as a result of Congress' failure late last year to find a comprehensive deal to cut the budget deficit.
07/08/2012
The new financial regulation was enacted by the United States Congress to prevent another financial meltdown and to promote accountability and transparency for big banks and the Wall Street.
07/08/2012
Canada’s largest bank has moved to distance itself from a growing international rate-setting scandal that engulfed one of Britain’s oldest and largest banks this week.
07/08/2012
Media’s ‘bad apple’ theory no longer works
07/08/2012
Media’s ‘bad apple’ theory no longer works
07/05/2012
The Companies (Amendment) Bill 2012 passed all stages in the Oireachtas last week and will now be signed into law by the President of Ireland, Michael D. Higgins.
07/05/2012
JPMorgan Chase & Co. was ordered by a federal judge to explain why it shouldn’t be compelled to turn over e-mails sought by U.S. regulators in a probe of potential energy-market manipulation.
07/04/2012
Latham & Watkins will be advising Manchester United on its initial public offering in the United States with Davis Polk & Wardwell acting for US underwriters.
07/04/2012
He is one of the leading Italian finance partners, has practiced in the UK since 1996, and leaves Ashurst to take up his new role with the Firm.
07/04/2012
Former head of Linklaters US Tax Practice joins Duval & Stachenfeld
He was the former head of the US Tax Practice for Linklaters and worked out of their New York office.
07/03/2012
Plaintiffs including the City of Baltimore and New Britain Firefighters’ Benefit Fund sued the banks in 2011, contending they “suppressed” the Libor -- a key metric to set interest rates for trillions of dollars in financial instruments.
07/03/2012
The legislation, once signed by Governor Jerry Brown, could positively impact over 700,000 homeowners who are in the "foreclosure" pipeline. It's a BFD for California, but it may well be a BFD for the rest of the country.
07/03/2012
A San Francisco-based broker must pay more than $904,000 to Lehman Brothers Holdings Inc, which has been aggressively clawing back bonus money that it paid to brokers before its demise in 2008.
07/03/2012
A federal judge in Manhattan has cut 31 percent from the fees sought by two law firms that won $516 million in securities settlements for Lehman Brothers investors last year.
07/02/2012
. Yet a growing number of big banks are using clearer labeling to help consumers to add up the real price tags on their accounts.
07/01/2012
Julius Baer declined to comment on the matter, the Swiss newspaper said.
07/01/2012
Proskauer Rose LLP may have conflicts as it hired former Dewey lawyers, public relations firm Sitrick & Co. may not be needed for bankrupt Dewey’s liquidation, and several firms’ duties would overlap, Tracy Hope Davis said in a filing in U
07/01/2012
Jaunal joins from Kirkland & Ellis LLP, where all three were previously partners. Kern was most recently a partner at DLA Piper LLP.
06/28/2012
It also said Falcone illegally manipulated bond prices, traded preferential treatment to investors who backed a controversial board initiative, and broke restricted period trading rules in three initial public offerings to make money on short sales.