Search Results for: law
Simmons and HSF join list of firms eyeing ventures in Shanghai Free Trade Zone
May 22nd, 2014
Simmons & Simmons and Herbert Smith Freehills (HSF) are the latest UK law firms to have expressed an interest in the Shanghai Free Trade Zone (SFTZ) after recent reports that the scheme would allow tie-ups between international and PRC ...
Facebook, Google Balk at Loophole in Bill to Rein in NSA
May 22nd, 2014
A group of technology companies, including Facebook Inc. (FB), Google Inc. (GOOG) and Apple Inc. (AAPL), said the bill U.S. lawmakers plan to vote on today to limit National Security Agency spying doesn’t go far enough. The legislation “has ...
JPMorgan’s Problem of “Sons and Daughters” program is widely practice
May 22nd, 2014
The long investigation of JPMorgan’s hiring practices in China has reached a milestone: A Hong Kong anti-corruption organization has formally arrested Fang Fang, the bank’s former vice president of investment banking in Asia. Fang Fang, who has been released ...
BNP Falls as U.S. Probe Said to Cost More Than $5 Billion
May 21st, 2014
BNP Paribas SA (BNP), France’s largest bank, fell to a seven-month low in Paris on concern U.S. authorities will seek more than $5 billion from the lender to settle a probe into alleged violations of U.S. sanctions. The stock ...
CySec: renouncement of licence
May 20th, 2014
The Cyprus Securities and Exchange Commission announces that, on 6 May 2014, the CIF «Harvest Financial Services Ltd», renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in ...
SEC’s Insider-Trading Case Against Obus Revived on Appeal
May 20th, 2014
Wynnefield Capital Inc.’s Nelson Obus traded on confidential information to make $1.3 million for his hedge fund and confessed to it twice, a lawyer for the U.S. Securities and Exchange Commission said in a civil trial of Obus and ...
Gunmen Storm Libya Parliament as Violence Grips Oil-Producer
May 19th, 2014
A Libyan military police chief said he disbanded parliament after a militia group he backs stormed it yesterday, spreading violence in the energy-rich nation to its capital and sending world oil prices higher. In a televised speech late yesterday ...
Roberts Reunites High Court Majority After Obamacare Vote
May 19th, 2014
The U.S. Supreme Court’s conservative majority is back to being the conservative majority. Two years after the court upheld President Barack Obama’s health-care law and a year after it bolstered gay rights, the five Republican-appointed justices are voting together ...
Springtime for Bankers
May 19th, 2014
By any normal standard, economic policy since the onset of the financial crisis has been a dismal failure. It’s true that we avoided a full replay of the Great Depression. But employment has taken more than six years to ...
SEC Warns Investors About Marijuana-Related Investments
May 19th, 2014
The U.S. Securities and Exchange Commission cautioned investors about the potential for fraud in microcap companies that claim their operations relate to the marijuana industry after the agency suspended trading in the fifth such company within the past two ...
