Search Results for: law
Facebook pays no UK corporation tax for a second year
October 23rd, 2014
Facebook paid no UK corporation tax for the second year in a row in 2013, while employees received shares in the company worth tens of millions of pounds. The world’s largest social media company reported a pre-tax loss of ...
In Turnabout, Former Regulators Assail Wall St. Watchdogs
October 23rd, 2014
When former top government officials become white-collar defense lawyers, they still wield influence when they weigh in on enforcement matters. I was attending the Securities Enforcement Forum, a gathering of top regulators and white-collar defense worthies. The marquee section ...
U.S. Court hears arguments on sex discrimination at Goldman Sachs
October 23rd, 2014
Goldman Sachs Group on Wednesday attacked expert evidence offered by attorneys for former female employees in a U.S. federal sex discrimination lawsuit, arguing there was no pattern of gender-based pay and promotion disparities at the bank. In the first ...
The Digital Currency Dilemma: Anonymity vs. Privacy (Op-Ed)
October 22nd, 2014
First Global Credit’s CEO Gavin Smith comments on digital currency exchange Bitstamp’s policy change and the issue of anonymity in the digital currency markets. This week Bitcoin Exchange, Bitstamp, fulfilled a promised policy change of handing over to the ...
Asian shares bask in glow of U.S. tech earnings
October 22nd, 2014
Asian shares rose on Wednesday as upbeat results from two U.S. technology bellwethers and hopes of fresh stimulus from the European Central Bank offset concerns about the outlook for the global economy. MSCI’s broadest index of Asia-Pacific shares outside ...
National Bank of Oman highlights distinctions between conventional and Islamic finance
October 22nd, 2014
“The GCC countries have committed to actively strengthening their positions in the Islamic finance market, with Saudi Arabia currently in the lead. We, at the National Bank of Oman, have been doing significant work in the Islamic finance domain ...
After JPMorgan Cyberattack, fortification of Wall Street Banks is a must
October 22nd, 2014
Federal and state regulators are said to be discussing fortification of a critical area of cybersecurity: outside vendors, including law firms, accounting and marketing firms and even janitorial companies. This summer’s huge cyberattack on JPMorgan Chase and a dozen ...
Private equity titans open cloistered world to smaller investors
October 21st, 2014
Seeing individual investors as untapped sources of capital, private equity firms are seeking to attract checks in the tens of thousands of dollars rather than in the hundreds of millions. For decades, David M. Rubenstein has persuaded big institutions ...
Samuel Wyly in Bankruptcy Facing $400 Million Forfeiture
October 21st, 2014
The U.S. businessman Samuel Wyly, who may have to forfeit as much as $400 million after being found liable for using offshore trusts to hide stock holdings and make illegal trades, filed for bankruptcy. Wyly, 80, listed assets and debt ...
Speaker of Alabama House arrested on Corruption Charges
October 21st, 2014
Michael G. Hubbard was charged with 23 felony counts, including voting for legislation in which he had a conflict of interest and using his public office for personal gain. The speaker of the Alabama House of Representatives, Michael G. ...
