The bank wants the U.S. Court of Appeals for the Second Circuit to toss out the arbitration award, which was confirmed by a federal judge in late 2010. It argues the panelists ignored certain legal principles in deciding the case.
When MBIA disclosed the restructuring, its stock price popped about 30 percent, rising to $4.51 a share on Feb. 18, 2009, from $3.48 a share a day earlier. Its stock closed at $9.61 on Friday.
The Democrat-led Senate has adopted an amendment, which would provide a range of further measures for the Treasury Department to take against foreign governments and financial institutions that "significantly impede United States tax enforcement&rdqu
The Department of Justice, in announcing the filing with the U.S. District Court for the District of Columbia, called it "the largest federal-state civil settlement ever obtained."
The broker, David Walker, spoke with officials at Morgan Stanley yesterday and characterized his relationship with alleged “Upper East Side madam” Anna Gristina as “social” and said the two were “friends,” according to
The SEC alleges that Brian Raymond Callahan of Old Westbury, NY, raised more than USD74 million from at least two dozen investors since 2005, promising them their money would be invested in liquid assets.
The broker, David Walker, works in Morgan Stanley's wealth management unit, sources said.
The first proposal, which limits how a committee of creditors will share information with customers, drew objections from customers who questioned JPMorgan Chase & Co. (JPM)’s role in deciding whether they can access information about missing cu
As a result of the May 2009 joint venture of Morgan Stanley with Citigroup’s Smith Barney, Weinryt’s registrations were with Morgan Stanley Smith Barney Holdings LLC (“MSSB”) until his voluntary termination on July 15, 2009.
Stanford, 61, looked down as the verdict was read, the Associated Press reported. He was acquitted on one count of wire fraud.
The FATCA Seminar was tailored to address the unique needs of Middle Eastern institutions, including Islamic banking and takaful insurance structures as well as sovereign wealth funds, and family offices.
Investors are no different. Seated in comfortable chairs, surrounded by the din of the markets and presented with a menu of potential purchases, they nevertheless fret about what goes on behind the scenes.
Jennings was released after posting $9,500 bail and is scheduled to appear in court on Wednesday, March 7.