“The new payment system [...] will assist the banks as they work toward commercializing a high-speed, transparent and traceable cross-border payments solution between Japan and Brazil,”
Danske Bank, Denmark’s largest bank, is being investigated over what has been termed “massive money laundering flows” from Russia and several former Soviet states.
Based on information shared with Concilla by the brokers who have been solicited, he says those lawyers charge as much as $3,000 a month until the case closes, which those lawyers estimate at around 14 months.
The DOJ’s complaint alleges UBS securitized over $41 billion in mortgage loans through 40 deals backed by subprime and other mortgage loans and that investors suffered “many billions of dollars” in losses as a result, the Journal writes.
Bindelglass’s suit includes affidavits from the clients Morgan Stanley mentions in his employment separation disclosure, who contradict the wirehouse’s version of events, InvestmentNews writes.