01/20/2012
Unlike the dozens of high-level hedge fund managers who have been arrested in the government's four-year crackdown on illicit trading he toiled at a mid-size 77-year-old firm that keeps a low profile and caters to rich families.
01/18/2012
The misconduct was revealed during the course of an SEC examination, minimizing investor harm.
01/17/2012
HgCapital, the mid-market private equity house, is one of two key fund formation clients transferring its mandates to Proskauer, where relationship partner Nigel van Zyl began work earlier this month.
01/12/2012
Parabellum will be run by former members of the Credit Suisse Legal Risk Strategies & Finance team, led by Aaron Katz. The spinoff from Credit Suisse will allow Parabellum to grow and broaden its product lineup without operating under the constraints
01/11/2012
Two previous IRS programs, in 2009 and 2011, brought in more than $4.4 billion in taxes from tens of thousands of tax evaders, said the tax collection agency.
01/11/2012
US authorities set to take legal action against Switzerland's oldest bank
In moves which have strained U.S.-Swiss relations, dozens of U.S. clients and at least two dozen Swiss bankers have been charged following a crackdown on offshore tax evasion through Swiss banks.
01/10/2012
Negotiations in the case have reached a critical stage, with an indictment possible though the bank is seeking a deferred prosecution agreement, which would be less damaging
01/09/2012
If any family offices are still unsure about their exempt status, they need to act soon: Nonexempt family offices have until March 30 to either register with the SEC or restructure to conform with exemption requirements.
01/06/2012
The endeavor has taken on an increased significance in the wake of MF Global's collapse and the disappearance of more than one billion dollars in customers funders.
01/06/2012
Following are highlights of tax provisions that will impact the 2011 tax filing season.
01/06/2012
"We believe it's important to take action when an adviser is inflating assets under management in an attempt to attain clients," John Sikora of the SEC's Chicago office said.
01/05/2012
Runners-up for the biennial prize, which is based on results in the two-year period ending last July, were Boies, Schiller & Flexner; Mayer Brown; O'Melveny & Myers; Sidley Austin; and Wachtell, Lipton, Rosen & Katz.
01/04/2012
US Bank NA wants to force JPMorgan to buy back the mortgage loans because of alleged breaches of representations and warranties regarding the Bear Stearns Asset Backed Securities Trust 2005-4, for which it serves as trustee.
01/04/2012
U.S. prosecutors charged three Swiss bankers on Tuesday of conspiring with wealthy U.S. taxpayers to hide more than $1.2 billion in assets from tax authorities.
01/03/2012
Sir Victor Blank and Eric Daniels, the former chairman and chief executive of Lloyds Banking Group, are to be sued in the US courts by American shareholders unhappy at the bank’s takeover of HBOS at the height of the credit crisis.
12/30/2011
More than $3.2 billion involving shell companies and high-risk transactions with foreign financial institutions flowed through the bank’s New York branch, according to court documents filed at the time.
12/30/2011
The new details bolster claims that MF Global was careless with customer money, regardless of the company’s intentions.
12/29/2011
Whistleblower dossier handed over in bank ‘fraud’ action
A mass of documents assembled by a whistleblower at Bank of New York Mellon have offered a glimpse into how the bank responded to allegations from US authorities that it defrauded customers of hundreds of millions of dollars.
12/29/2011
Goldman Sachs has been forced to rethink its business model, as it has come under fire from regulators of late.
12/29/2011
U.S. authorities hunting in Swiss banks for suspected tax cheats have a new weapon in their arsenal: an arcane but aggressive legal maneuver more commonly used against drug smugglers, money launderers and Imelda Marcos, widow of the Philippine dictator.