04/04/2012
A class of Merrill Lynch financial advisers who claim the firm denied them pay and promotions because they are black won another legal victory when the 7th Circuit declined to review its earlier order to certify the class.
04/04/2012
SEC hits Pentagon with biggest fine on foreign group
The hedge fund of a Conservative Party donor has been fined $98 million for market abuse.
04/03/2012
The class could include up to 700 advisers and trainees who worked at the firm since 2001.
04/03/2012
Genworth has leadership positions in offerings that assist consumers in protecting themselves, investing for the future and planning for retirement -- including life insurance, long term care insurance, financial protection coverages, and independent advi
04/02/2012
Dexia said in its suit that Merrill Lynch made similar misrepresentations concerning the securities the Belgian bank invested in.
03/30/2012
That is about a 70 percent increase from the 750 advisers the agency said as recently as July that it expected to register.
03/29/2012
Wells Fargo faces investors' class-action suit
The lawsuit, filed in 2010 by the City of Farmington Hills Employees Retirement System, a Michigan pension fund, on behalf of more than 100 other institutional investors, claimed breach of fiduciary duty and fraud. The investors sought to be allowed to pu
03/27/2012
Mace led Dewey’s Lloyd’s of London and Lloyd’s Market practices while at the US firm.
03/27/2012
Gibson, Dunn & Crutcher has announced that the firm was nominated by Chambers and Partners for its USA Awards for Excellence in six categories.
03/26/2012
The contract that Herbert agreed to said he would be paid 24 million rand or $3.1 million, but JPMorgan officials said they meant to put a decimal point between the two and the four, making his actual pay 2.4 million rand.
03/26/2012
U.S. District Judge William Pauley cited the extraordinary cooperation by 38-year-old Matthew Devlin when he said prison time was unnecessary and placed him on probation for three years.
03/26/2012
The Securities and Exchange Commission said in a statement Friday that Wells Fargo agreed to produce the documents under subpoenas dating to September of 2011, but the bank has failed to hand over much of the requested material.
03/23/2012
WNS is a leading global business process outsourcing company incorporated in Jersey, with its principal executive office located in India.
03/23/2012
Baker & McKenzie is to close its San Diego office at the end of the month with all fee-earners and staff losing their jobs.
03/22/2012
Deutsche Bank AG changed the legal structure of its huge U.S. subsidiary to shield it from new regulations that would have required the German bank to pump new capital into the U.S. arm.
03/21/2012
Moreover, Securities & Exchange Commission filings show Levchin still has 3.9 million shares of Yelp, now trading near $22, in his Roth. So it appears his tax-free “retirement” kitty is worth at least $95 million—and maybe a lot more
03/21/2012
The 9th U.S. Circuit Court of Appeals said on Tuesday that investors who bought fraudulent certificates of deposit from Millennium did not pursue all remedies with the Federal Deposit Insurance Corporation (FDIC) as required by federal law or show that JP
03/21/2012
While concerns about further economic uncertainty continue to be top of mind for business leaders, issues such as fraud and ethics, mergers and acquisitions, large programs, new product introductions, and business continuity were identified among the top
03/20/2012
The move is a blow to the Vatican's drive to have its bank included in Europe's "white list" of states that comply with international standards against tax fraud and money-laundering.
03/20/2012
The SEC credited the senior executive for his cooperation by declining to take enforcement action against him based on certain factors identified in itsPolicy Statement Concerning Cooperation by Individuals in its Investigations and Related Enforcement A