Search Results for: law
European banks raise more capital before ECB stress test
October 13th, 2014
Euro zone banks have raised 35 percent more capital ahead of the European Central Bank’s (ECB) latest stress test than they had set aside before the 2011 review, according to a report published by law firm Linklaters. The euro ...
SEC Charges Current and Former E*TRADE Subsidiaries With Improperly Selling Penny Stocks
October 10th, 2014
The Securities and Exchange Commission announced an enforcement action against current and former brokerage subsidiaries of E*TRADE Financial Corporation that failed in their gatekeeper roles and improperly engaged in unregistered sales of microcap stocks on behalf of their customers. ...
Former Hanlong Executive Charged on Insider Trading
October 10th, 2014
A mining executive who fled Australia three years ago has been extradited from Hong Kong and charged with 104 insider trading offenses linked to planned takeovers by a Sichuan Hanlong Group unit. Xiao Hui, also known as Steven Xiao, ...
Former Fed Chairman Bernanke takes stand in AIG bailout trial
October 10th, 2014
Former Federal Reserve Chairman Ben Bernanke took the stand on Thursday to defend the U.S. government’s bailout of American International Group (AIG.N) in 2008, describing how policymakers sought to avoid giving AIG shareholders a “windfall” through a rescue. Bernanke’s ...
CFTC organised session on Bitcoin
October 10th, 2014
The US Commodity Futures Trading Commission (CFTC) held a meeting yesterday in Washington, DC, to discuss bitcoin as it relates to the agency’s role as the country’s chief futures and options regulator. Panelists for the CFTC event included Coin ...
Apple given time to block info in GT bankruptcy case
October 10th, 2014
Apple Inc (AAPL.O) will have at least three days to review and potentially move to bar any information about its relationship with GT Advanced Technologies Inc (GTAT.O) that may arise during the latter’s bankruptcy hearings, the court said in ...
Ex-wife of Glock founder sues him over millions
October 10th, 2014
Lawsuit accuses gun maker of conspiring to cheat her out of money she is owed. After working decades to build a wildly successful firearms company, Gaston Glock conspired with associates to push out his ex-wife and business partner of ...
Obama Had Security Fears on JPMorgan Data Breach
October 9th, 2014
President Obama and his top national security advisers began receiving periodic briefings on the huge cyberattack at JPMorgan Chase and other financial institutions this summer, part of a new effort to keep security officials as updated on major cyberattacks ...
Investors warn on crisis plan for derivatives
October 9th, 2014
Institutional investors and pension funds have warned they may resist a plan by the world’s biggest banks to rewrite their derivatives contracts as part of reforms aimed at preventing a failing institution from destabilising global markets. More than 90 ...
Wilbur Ross on Bank of Cyprus – VIDEO
October 9th, 2014
Mario Draghi, the president of the European Central Bank, has faced criticism on several fronts in recent weeks: for being too bold with the bank’s policies, or not being bold enough. Yet he has support from one quarter—well-known investor ...
