Updated: Seeking to profit from the current climate of financial uncertainty, unscrupulous traders have allegedly spread false rumors that banks in the United Kingdom are in trouble and then profited…
Updated: Although it’s not yet confirmed, observers expect that a significant number of the 100 or so lawyers in the compliance department of Bear Stearns Cos. will be laid off…
In the short run, the story of the successfully averted almost-collapse of the nation’s fifth-largest investment bank is a tale of triumph over near-disaster. But, in the long run, it…
After seeing the value of one of the nation’s investment banking giants plummet disastrously virtually overnight this week, investors are now wondering about the safety of assets held in brokerage…
A former general counsel for a hotel chain apparently is going to have to serve time for his role in a $100 million bank fraud scheme, according to a federal…
Jerome Kerviel says he used his manager’s computer at least one occasion as he racked up more than $7 billion in losses for French bank Société Générale.
Weighing in on the issue of the nation’s troubled mortgage market, a group of top federal economic policy-makers assembled by President George Bush is recommending stricter standards for the industry.
A securities suit has been filed against Société Générale over the French bank’s disclosures about its subprime mortgage holdings and the internal controls that failed to prevent a reported loss…
A government lawyer argued yesterday that a former partner at Greenberg Traurig covered up crimes at a Miami bank that was eventually shut down for fraud.
Two Florida lawyers and their affiliated firms are accused in a lawsuit of making “sham” claims on behalf of consumers seeking to avoid payment of credit card debt.
U.S. District Judge Eduardo Robreno of Philadelphia has tallied the number of times a litigant dropped the F-word or a variant in a deposition—it was 73 times—and…
Next month, a limited phase-in of newly revised international banking standards known as “Basel II,” after the Swiss city in which they were developed, is planned in the U.S. The…
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