UK's Financial Services Authority (FSA) has fined Prudential 30 million pounds for hiding its attempt to buy Asian rival AIA three years ago.
Legal & Regulatory
Cole Shareholders File Suit against Christopher Cole
The shareholders of Cole Credit seeks injunction against planned merger. The shareholders of Cole Credit Property Trust III have filed a suit in a Maryland court to issue an injunction on the planned internal merger.
SAC Capital Settlement with SEC in Jeopardy
The judge over the settlement agreement between SAC Capital and US SEC is having second thoughts with a few provisions.
UPDATE - Fisker Mulls Bankruptcy
Fisker Automotive has hired the law firm Kirkland and Ellis to review its bankruptcy options. The green car manufacturer that has undergone financial losses with losses at the NY/NJ Port area as well as funding issues Fisker Automotive is now mulling seeking bankruptcy protection.
UPDATE - Dongfeng Drops Fisker Interest
Possible strategic partners for Fisker, namely Dongfeng Motor Group and Zheijang Geely Holdings, have pulled out from discussions.
Latest News
The China Banking Regulatory Commission issued guidelines on the proper handling of wealth management instruments.
Australian regulators have approved the Qantas-Emirates international flights scheme. Australian anti-trust regulators have cleared the tie up between Qantas Airways Ltd and Emirates on international flights.
Felony charges were filed against David Riley and Matthew Teeple for insider trading. A former executive at Foundry Networks Inc was charged with insider trading after tipping a California hedge fund analyst of the company's acquisition plans.
Australia's Sundance Resources says that Hanlong would not be able to meet the deadline to show credit approval for its takeover offer.
The Taiwanese financial regulator had granted permission for Fuh Hwa Securities Investment Trust to form the yuan denominated mutual fund.
Otelco attributes loss of Time Warner contract and FCC order as causes for the need to seek bankruptcy protection.
SEC chairman Elisse Walter urged during video conference at the annual forum of the Australian Securities and Investment Commission that foreign regulation should be applied for cross-border trades.
Argentina has recently instituted new regulation for investments to curb capital flight and retain dollars.
SEC Chairman Elise Walter proposes foreign regulatory guidelines for cross border trading especially with over the counter derivatives trades.
