As the credit crunch hammers the UK’s financial system, the Bank of England has named Graham Nicholson, a mergers and acquisitions partner at London’s Freshfields Bruckhaus Deringer, as its in-house…
Investigators probing criminal wrongdoing in the auction-rate securities market are looking at Lehman Brothers and a former executive at UBS AG, the Wall Street Journal reports.
The Senate has approved a $700 billion bailout bill for Wall Street that increases the threshold for the alternative minimum tax to protect an estimated 24 million families from an…
A California federal judge has temporarily lifted a federal deadline for borrowers to file federal claims against IndyMac Bank in a lawsuit that claims the plaintiffs were lured into deceptive…
A vote is set for today in the Senate on a revised $700 billion Wall Street bailout plan that carries tax breaks and higher government insurance for bank deposits.
Updated: The party obviously is over for a number of law firms recently flush with profits from formerly booming financial institutions, but a brave new world may await attorneys able…
Continuing economic turmoil in the U.S. and internationally is prompting a number of major law firms to form special multidisciplinary practice groups to help clients deal with financial crises. In…
With Congress’ refusal yesterday to approve a $700 billion Wall Street bailout, the Federal Reserve and the Treasury Department are using existing options to shore up confidence in the financial…
Developing: In a U-turn from initial predictions last week that emergency financial bailout legislation proposed by Bush administration officials would soon be enacted, the House today defeated the package by…
A program to curb foreclosures by the city and courts of Philadelphia has staved off the sale of nearly 80 percent of the properties referred to it in the first…
Although proposed emergency legislation intended to rescue the struggling U.S. economy at a cost of some $700 billion hasn’t yet been enacted, attorneys are already jockeying…
The ABA Journal wants to host and facilitate conversations among lawyers about their profession. We are now accepting thoughtful, non-promotional articles and commentary by unpaid contributors.