12/15/2016
In O'Hare v Coutts, the High Court dismissed a claim alleging that the defendant, a private bank, breached duties in contract and tort to use reasonable care and skill when recommending five investments that the claimants entered in 2007, 2008 and 20
12/15/2016
Credit Suisse Group AG must face New York Attorney General Eric Schneiderman's US$10 billion lawsuit accusing the bank of fraud in the sale of mortgage-backed securities before the 2008 financial crisis, a state appeals court ruled Tuesday.
12/14/2016
However, responding to the fines, the three banks have said they did nothing wrong with Credit Agricole declaring that it would appeal the decision while the other two are still considering an appeal.
12/14/2016
However, the ECB told the Monte dei Paschi such a delay could cause a further deterioration in its liquidity position and a worsening of its capital base, Monte dei Paschi said in a statement.
High Court dismisses mis-selling claim and clarifies standard of care required of financial advisors