A traditional taboo against suing banks among big-league United Kingdom law firms is rapidly losing its power as legal eagles there and abroad rev their engines in anticipation of a…
When opinion letters apparently written by a prominent New Jersey lawyer were sent to Merrill Lynch Business Financial Services in 2004 along with alleged fake financial statements, the bank reportedly…
Under federal law, creditors aren’t supposed to be able to seize social security payments, or disability or veterans benefits to pay a debt, and the government won’t send their checks…
As six major banks and federal officials announced a relief plan today for delinquent homeowners, critics were already saying that the Project Lifeline program doesn’t do enough to help those…
Prodded by politicians and perhaps seeing a potential benefit to themselves, six major banks are expected to announce a new program tomorrow morning to help seriously past-due mortgage debtors climb…
Another person is being held for questioning in connection with the $7 billion-plus rogue trading scandal at Société Générale, potentially contradicting the bank’s earlier explanation that the initial suspect, Jerome…
A disbarred New York attorney has reportedly pleaded guilty in the middle of a trial to assuming his deceased father’s identity and misrepresenting himself as a lawyer, in order to…
Once upon a time, legislatures throughout the country enacted unclaimed property laws intended to make sure that banks and other companies holding assets that the owners seemed to have forgotten…
Jerome Kerviel’s career in the securities industry appears to be at an end after the stunning news late last month that the junior trader allegedly cost one of France’s biggest…
The small but well-regarded law firm McKee Nelson became something of a powerhouse representing lenders that bundled home loans into securities, grossing $202.5 million in 2006.
Updated: An all-time record $7 billion fraud allegedly perpetrated on a renowned French bank by a rogue junior trader has left the Societe Generale reeling.
It wasn’t just Enron Corp. that was responsible for the massive fraud that wiped out the once-mighty energy trader, creditors contend. Nearly a dozen banks also participated, they argue. And,…
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