MBIA engages the law firm of Weil, Gotshal and Manges on ways to avoid rehabilitation of its structured finance business unit.
Legal & Regulatory
The European Commission Receives Subsidy Complaint
The European Commission receives subsidy complaint against China for illegal subsidies on solar glass sold in the EU market.
Saudi Arabia Housing Minister Says Unused Land May be Confiscated
In a move to help local Saudis, unused residential and military lands may be confiscated for that purpose.
Greece Required to Pass Reform Laws before Bailout Tranche Released
Greek Finance Minister urged the legislative body to pass the reform measures required as a precondition to the release of the Eur2.8 billion tranche of bailout funds for the country.
Proposed Legislation to Complicate Bank Operations
With the proposed US$400 billion asset ceiling and 10% equity retention limit, banks may be forced into complicated situations.
Latest News
SEC Chair Jo White is caught between a promise made during her confirmation hearings and the ire of consumer advocates she has sworn to protect.
The SEC is seeking to find ways to ease requirements to allow less complex ETFs to be registered with the bourse.
MRI International Inc is now under investigation for false information and misleading clients not only in Japan but in the US as well.
Due to the lack of promised reforms, many investors are moving their investments from Russia to other countries.
The increase in the required pension fees for CalPERS is a good move according to Moody's Investor Services.
Deutsche Bank faces one of the many trading day cases in court. Back in October 2008, Alexander Vik went to the London office of Deutsche Bank AG to meet with account managers regarding his Sebastian Holdings Inc investment fund.
NCC issues new rules for mobile phone users in Nigeria. Under new regulations for mobile phone users in Nigeria, indivdual customers can change their service providers and retain their numbers.
The Trans Pacific Partnership Pact has invited Japan to join in the negotiations. Japan has been granted approval from participating countries to form part of the talks on the US initiated Asia Pacific Free Trade Agreement.
According to the federal court, the case between AIG and Bank of America should be heard in state court.
