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.
12/28/2011
Husband faces civil suit in death of rich UBS wealth manager
Shele Danishefsky Covlin, 47, a UBS wealth manager, was found dead in her upper West Side bathtub on New Year’s Eve 2009.
12/28/2011
The ruling came in response to accusations from some customers that past work done by the firm for JPMorgan Chase & Co, one of MF Global's main lenders, constituted a conflict of interest.
12/28/2011
His story is exemplary of the whistleblower-like firings and resignations that have graced headlines since the days of Enron.
12/28/2011
The Bank violated a U.S. regulation known as SHO
12/27/2011
It is the Securities and Exchange Commission's new "most-wanted" list: a chart covered with handwritten notes, yellow highlighter and the names of about 100 hedge funds.
12/27/2011
The trustee liquidating the Lehman brokerage said he identified about a $5 billion shortfall in customer reserve accounts.
12/20/2011
Now Handler is defending the company he built, aiming to retain staff amid investor concern that Europe’s debt crisis and the collapse of MF Global Holdings Ltd. will drive up financing costs or lead to losses.
12/19/2011
Over the last three decades, income inequality has again soared to the sort of levels that alarmed Brandeis.
12/15/2011
There are about 3,000 single-family offices in North America managing $1.2 trillion, according to estimates from Family Wealth Alliance LLC, a research and consulting firm in Wheaton, Illinois, which studies the industry.
12/15/2011
Swieca made the decision because of new financial regulations that require firms to register with the U.S. Securities and Exchange Commission by March 2012
12/12/2011
Under the Dodd-Frank Act, the private adviser exemptions in the Investment Advisers Act of 1940 will be replaced with 'venture capital fund adviser', 'foreign adviser' and 'private fund adviser' exemptions, says law firm Kaye