Legal & Regulatory

RBS may face more lawsuits over 2008 share offer

The Royal Bank of Scotland Group could face more lawsuits stemming from the share offering it conducted in 2008 that caused investors to lose money.


Australia's Bell Group saga ends with a settlement

A settlement was reached between a consortium of banks and liquidators over the current legal dispute over the collapse of the Bell Group of Australia.

Penthouse publisher files for Chapter 11 protection

The publisher of Penthouse magazine, FriendFinder Networks, filed for Chapter 11 bankruptcy. FriendFinder Networks filed for bankruptcy under Chapter 11.

Ex-JPMorgan traders charged over USD6.2 billion trading losses

Javier Martin-Artajo and Julien Grout along with other unnamed co-conspirators were indicted of five criminal counts for allegedly hiding trading losses valued USD6.2 billion.


Latest News

The Korean Financial Investment Association was visited by members of the Fair Trade Commission to obtain documents on its probe as to alleged rate fixing for the country's certificate of deposit.
Paulo Portas, the new Portuguese deputy prime minister, would have oversight over budget negotiations, a position that would prove problematic in light of Portugal's compliance with previous requirements.
The Chinese government, amidst calls for a pending crisis due to bad debts, is pushing its banks to shore up its capitalization in compliance with Basel III.
The 'Lehman Weekend' was the height of the financial crisis five years ago and may be repeated if 'shadow banking' would be allowed to continue without regulatory action.
According to a statement from Mongolia's Prime Minister, the country would sell its Samurai bonds this year in a deal valued to as much as USD1 billion.
Lawrence Summers, ex-economic aide to US President Barack Obama, had withdrawn from consideration to succeed Federal Reserve outgoing chair Ben Bernanke.
James Leigh-Pemberton would take a new position as the new head of UK Financial Investments on Monday according to an internal memo released by Credit Suisse and was seen by Reuters.
DGH, in an order, required the relinquishment of awarded concessions to Reliance-BP for the 'expiry' of time for its development.
Economists view that the housing recovery is hindered by increasing mortgage rates. In August, the purchases of previously owned homes declined from the previous month.
West Virginia State Senate President Jeff Kessler is proposing a Future Fund levy for the natural gas to be extracted from the state for its future spending.