Credit Suisse (CSGN.VX) has quietly withdrawn a request for a waiver to raise capital more easily, after U.S. Securities and Exchange Commission staffers told the bank in recent weeks it ... Read More
Suit over legacy-mortgage matters continues Morgan Stanley said on Monday that a continuing lawsuit with Deutsche Bank over legacy mortgage matters could cost it nearly $300 million. In April 2014, Deutsche Bank ... Read More
Fifteen firms – including Macfarlanes, Norton Rose Fulbright and Taylor Vinters – have signed up to Apperio, a legal fees platform which claims to be cutting fees for clients ... Read More
The U.S. Securities Exchange Commission won on Wednesday a court order to freeze the assets of two Chinese nationals accused of insider trading for their “remarkably timed” purchases of ... Read More
BofA says cost of settlement will be covered by existing reserves Bank of America Corp. has agreed to pay $180 million to settle a lawsuit by private investors who accused the ... Read More
A UK financial trader accused of contributing to the 2010 Wall Street “flash crash” is due to appear in court again on Wednesday. Navinder Singh Sarao, who first appeared ... Read More
Spain’s new securitisation law, which aims to stimulate the country’s financial sector, will provide a more flexible framework for securitisation transactions and, as such, will be beneficial for new ... Read More
Allen & Overy today announces that 33 lawyers have been promoted to Counsel across the global network. The promotions are in 15 offices across Europe, the Middle East and ... Read More
Britain’s biggest banks face another 19 billion pounds ($29 billion) of charges relating to past misconduct over the next two years, ratings agency Standard & Poor’s (S&P) said in ... Read More
In a first for a U.S. stock exchange, Nasdaq OMX Group on Thursday agreed to pay $26.5 million (17.60 million pounds) to settle a class-action lawsuit involving its bungling of Facebook ... Read More
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