04/19/2012

IRS Issues Final Non-Resident Reporting Rule

Within its announcement of the final regulations, the Treasury and the IRS have attempted to confront some of the questions and opposition that the reporting rule has previously raised in Congress and the US financial sector, in that it has been forecast

04/16/2012

Swiss banks to hand over staff names in U.S. tax row: report

In the latest attempt to end the long-running dispute, Switzerland's Federal Council has now authorized banks to hand over email traffic in connection with such clients to U.S. prosecutors, the Tages-Anzeiger newspaper reported.

04/16/2012

The Big Flaws in Dodd-Frank

His latest project is the forthcoming Fragile by Design: Banking Crises, Scarce Credit, and Political Bargains, co-authored with Stanford University political science professor Stephen Haber; the book takes a fresh look at the connection between politics

04/13/2012

Baker & McKenzie names former prosecutors new partners

He was recently honored by the Federal Bar Association for his work investigating a complaint filed against a sitting U.S. district judge in New Orleans; in 2008, the judge was convicted and removed from office.

04/05/2012

Fed fines Morgan Stanley over robo-signing

Morgan Stanley has acknowledged that it will be responsible for satisfying any civil money penalty that the Board of Governors could have assessed against Saxon for its conduct.

04/05/2012

Billionaire on U.S. tax code: It's "a disgrace"

Billionaire David Rubenstein, co-founder of private equity firm The Carlyle Group, says he's willing to pay more in taxes, but lawmakers need to do their job and change the law.

04/04/2012

Merrill Lynch Can't Stop Class of Black Bankers

A class of Merrill Lynch financial advisers who claim the firm denied them pay and promotions because they are black won another legal victory when the 7th Circuit declined to review its earlier order to certify the class.