Search Results for: law firms
‘Too big to fail’ Chinese banks face $400 billion capital call
November 11th, 2015
China‘s four biggest banks may have to raise up to $400 billion to meet new global capital rules, an onerous task that could pressure them to slow down lending at a time when Beijing wants them to help prop ...
Dentons and 大成 formalize combination
November 11th, 2015
Dentons and 大成 today formalized their combination. The launch follows the previously-announced timeline set in January 2015, after a vote by partners of both firms endorsing the combination, with both firms indicating that an effective date would be set ...
Banks May Get Extra Time to Soften Up EU Financial-Market Rules
November 11th, 2015
European Commission considers postponing MiFID II start date Delay isn’t set in stone, European Parliament’s Ferber says Financial companies pushing back against Europe’s post-crisis market rule book for the past five years may get more time to chip away ...
JPMorgan’s 2014 Hack Tied to Largest Cyber Breach Ever
November 11th, 2015
Online gambling, bitcoin scam, money laundering among charges Hackers took data on 100 million customers, U.S. alleges The U.S. described a vast, multi-year criminal enterprise centering on hacks of at least nine big financial and publishing firms and the ...
CFTC Releases Annual Enforcement Results for Fiscal Year 2015
November 9th, 2015
Agency Filed 69 Enforcement Cases and Achieved a Record $3.14 Billion in Civil Monetary Penalties Ordered The U.S. Commodity Futures Trading Commission (CFTC) today released the agency’s enforcement results for fiscal year (FY) 2015, which included a record $3.144 ...
Nikkei, Shanghai outperform lackluster Asia
November 9th, 2015
Asian stocks diverged on Monday, with markets in China and Japan leaping to their highest levels since August 21 while other regional bourses wobbled after below-view trade figures released at the weekend from China. October exports fell 6.9 percent from a ...
SEC warns for fraudsters who may attempt to manipulate share prices by using social media
November 6th, 2015
The U.S. Securities and Exchange Commission’s (SEC) Office of Investor Education and Advocacy (“OIEA”) is issuing this Investor Alert to warn investors about fraudsters who may attempt to manipulate share prices by using social media to spread false or ...
French Regulator Considers Fining Virtu Financial for 2009 Trading
November 6th, 2015
Autorité des Marchés Financiers previously accused Virtu’s Madison Tyler Holdings of violations A French regulator is considering a multimillion euro fine for Virtu Financial Inc. as it weighs a penalty for trading that took place in 2009. France’s Autorité des Marchés Financiers ...
Asian stocks mixed on possible December rate hike
November 5th, 2015
Asian stocks put up a mixed performance on Thursday, after Federal Reserve chair Janet Yellen said that December’s monetary policy meeting would be a “live possibility” for a rate hike if upcoming economic data were supportive. Yellen was testifying before the ...
Amazon and eBay ‘liable’ if they ignore VAT fraud
November 2nd, 2015
Amazon and eBay could be liable for billions of pounds in unpaid VAT if they fail to properly investigate traders using their sites to escape sales tax, the BBC has learned. The online marketplaces could be legally required to ...
