12/28/2015
Commerzbank sues 4 banks over mortgage losses
Bank of New York Mellon Corp and units of Deutsche Bank AG, Wells Fargo & Co and HSBC Holdings Plc were named in the lawsuits filed in Manhattan federal court.
Legal, Regulation & Compliance
12/28/2015
Dagong denies European unit faces EU probe
Domestic rating agencies to play bigger role as yuan goes global: expert
12/28/2015
UK City regulator raises jail term tally to 14 from 2
The investigation resulted in arrests and dawn raids across the City of London nearly six years ago.
12/25/2015
Hardeep Nahal Recognized as London ‘Super Lawyer’
He has more than two decades of experience in complex, high value commercial litigation and arbitration, often with an international dimension.
12/25/2015
Russian Roadmap Includes Draft for Blockchain Legalisation in 2017
While the Russian Finance Ministry is decidedly against the adoption or usage of bitcoin, officials claim that they have no qualms about the cryptocurrency’s underlying technology of a distributed ledger, the blockchain.
12/24/2015
FCA should ease burden on smaller advisers
The Treasury and FCA review is looking at the advice gap
12/24/2015
Fitch: Banks May Need More Capital to Cover Basel Step-In Risk
This increases the likelihood that affected banks could lobby and resist the proposals.
12/24/2015
Poland raises investor fears with Hungarian leanings
Should Poland follow Hungary’s steps in the business sphere, too, that could have broader repercussions.
12/23/2015
Rights court rejects US client's case against UBS in tax probe Join our daily free Newsletter
The case concerned a dual US and Saudi national living in Miami whose Swiss bank-account details were handed over to US tax authorities as part of its probe of UBS.
12/23/2015
Ex-Deutsche Bank Trader Loses Wrongful Dismissal Suit in Moscow
The court is scheduled to continue hearing a wrongful dismissal suit brought by Tim Wiswell, former head of equities at the bank, on Thursday.
12/22/2015
Wealth Management Thematic Review December 2015
The review set out to investigate how wealth management firms and private banks have implemented the regulator’s previous work in this area.
12/22/2015
Serious Fraud Office to charge 11 over Euribor-rigging
The 10 men and one woman will face the first criminal proceedings for alleged manipulation of the Euribor benchmark.
12/22/2015
David Haigh: Former Leeds United managing director to spend Christmas in Dubai jail after offensive tweets accusations
If convicted he faces a maximum penalty of three years imprisonment and a fine of £5,500
12/22/2015
ESMA agrees to extend Greek bank shares short selling ban to January 11
The temporary prohibition would include sales of shares covered by subsequent intraday purchases.
12/22/2015
Deutsche Bank Tally of Suspect Russia Trades Said at $10 Billion
That means the Frankfurt-based bank flagged as much as $10 billion in total trades that may not have been vetted for money laundering as clients moved money out of Russia.
12/22/2015
Natixis: Solvency ratio is above ECB's requirement
French bank Natixis Tuesday said its solvency ratio is well above the European Central Bank's requirement.
12/22/2015
Trusts Mistake Applications - Mourant Ozannes
On 16 December 2015, the Royal Court of Jersey handed down judgment in the cases of In Re the Matter of the Great Escape Trust and In Re the Matter of the Wentworth Trust.
12/22/2015
TIEA Notices – Where next? - Mourant Ozannes
They also explain why this case is headed for appeal.
12/22/2015
Parliament to investigate bank failures
Investors left with worthless bonds appeal to pope
12/22/2015
Hardouvelis to be probed over wealth declaration
The case concerns a period before he became minister, when he was an economic adviser to interim Prime Minister Lucas Papademos.