01/09/2012
In an order dated Jan. 5, the Securities and Exchange Board of India, or SEBI, said on its website it fined Manoj Gaur 1 million rupees (about $18,900) and an equal fine on his wife and brother for alleged insider trading.
01/06/2012
The independent arbitrators found PwC, now lead by chairman Ian Powell, wrongly reported to the Financial Services Authority that JPMSL had complied with client money rules which govern the segregation and protection of client funds.
01/06/2012
The independent arbitrators found PwC, now lead by chairman Ian Powell, wrongly reported to the Financial Services Authority that JPMSL had complied with client money rules which govern the segregation and protection of client funds.
01/05/2012
The investigation ordered by Swiss National Bank (SNB) was carried out by auditors PricewaterhouseCoopers (PwC).
01/05/2012
Pottage, now a senior executive at the bank’s headquarters in Zurich, should have started a review of controls after a client-money breach, a payment fraud, and other failings were discovered, the Financial Services Authority said in court papers.
01/05/2012
The lawsuit filed in Texas state court in Houston on Dec. 30 alleges that attorney Thomas Sjoblom, while practicing first at Chadbourne & Parke and then at Proskauer Rose, conspired to defraud 49 plaintiffs from Mexico who unknowingly invested in a Po
01/04/2012
The bank says it never broke Swiss law during the period in question.
01/04/2012
The financing, provided by a club of conventional and Islamic banks, comprised both an Islamic tranche structured on a diminishing musharaka basis and a conventional tranche.
01/04/2012
Punitive damage awards are "very rare" in arbitration rulings, according to Craig Stein, a securities lawyer in Palm Beach, Florida.
01/04/2012
A source familiar with the situation said where there were individuals from NHFA working in similar roles at other advice firms then those firms would be looked at by the regulator.
01/04/2012
The promotions, which took effect last week (1 January), take total partner count at the firm to more than 800 across its global network. In addition, the firm has also made 46 of counsel and consultant appointments.
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
The first closed hearing is scheduled for Jan. 27.
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
The SAR Government has so far concluded Tax Information Exchange Agreements (TIEA) or Double Taxation Conventions with 12 different countries or regions.
01/03/2012
The City regulator is under growing pressure to launch a review into its handling of MF Global's UK administration amid accusations it neglected clients of the failed broker.
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.
01/02/2012
The troubled mortgage company is actually two related firms called UM Financial Inc. and UM Capital Inc.
12/30/2011
AN expatriate Australian businessman accused of fleeing Australia to avoid prosecution for tax evasion has compared himself to fugitive French film director Roman Polanski and actor Paul Hogan.
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.