Search Results for: legal
Wall St. Bankrolls Ex-Executive as He Sues Over A.I.G. Bailout
September 24th, 2014
Maurice R. Greenberg, the former chief of A.I.G., has now raised several million dollars from three Wall Street investors to help cover the cost of the case. One might call it “chutzpah,” as several irate lawmakers did, or “rubbing ...
French court charges UBS with €1.1 bn over tax fraud
September 23rd, 2014
A 1.1-billion-euro payment was imposed to Swiss Bank UBS by a French court by a French court, for allegedly helping rich French clients to hide money in Switzerland. The bank made an appeal in July after charges of tax ...
Corporate law clients prefer in-house work
September 23rd, 2014
It is hard times for Big Law which is the business of providing legal services via independent professional partnerships. The examples of well-known brands such as Patton Boggs of surviving on their own or the collapse of partnerships such ...
Bank of America shares to increase 50 percent in three years
September 22nd, 2014
Bank of America Corp (BAC.N), the second-largest U.S. bank by total assets, could see its shares climb 50 percent over the next three years, Barron’s financial newspaper said on Sunday. The bank could report earnings per share of $2 ...
Top Chinese law firm Commerce &Finance “open” to global alliance
September 22nd, 2014
Commerce & Finance (C&F), one of the leading ‘red circle’ firms in China, has signalled that it would consider the idea of a global alliance seriously. C&F managing partner Li Hongji told The Lawyer: “Previously, the firm was resentful ...
BNP Paribas hires ex-U.S.Treasury official for compliance job
September 19th, 2014
BNP Paribas (BNPP.PA) has hired a former top official at the U.S. Treasury Department’s sanctions office, people familiar with the matter said, part of the French bank’s effort to build up its compliance department after its record settlement over ...
Oracle CEO Ellison steps down
September 19th, 2014
Larry Ellison announced Thursday he has agreed to step down as CEO of Oracle, the software powerhouse he co-founded. Mark Hurd and Safra Catz, co-presidents of Oracle, will take the role as CEO. Catz will handle all manufacturing, finance ...
Accounts reporting abolition ruled
September 18th, 2014
The Solicitors Regulation Authority has backed down over plans to remove the requirement for firms to submit accountants’ reports every year. Instead, the regulator has decided to require reports only if they have been qualified by the accountant for ...
CySec: Council regulations over Ukraine
September 18th, 2014
The Cyprus Securities and Exchange Commission (CySec) informs the Cyprus Investment Firms, Management Companies, Administrative Services Companies and Regulated Markets (‘the Regulated Entities’) about the publication in the Official Journal of the European Union the following: 1. Council Regulation (EU) No.959/2014 of ...
European Parliament ratifies EU-Ukraine Association Agreement
September 17th, 2014
The European Parliament gave its consent to the EU-Ukraine Association agreement, which includes a Deep and Comprehensive Free Trade Agreement (DCFTA), on Tuesday in Strasbourg. “This is an historic moment”, said EP President Martin Schulz in his address to ...
