01/03/2012

Former Lloyds bosses to be sued over HBOS takeover

Sir Victor Blank and Eric Daniels, the former chairman and chief executive of Lloyds Banking Group, are to be sued in the US courts by American shareholders unhappy at the bank’s takeover of HBOS at the height of the credit crisis.

12/29/2011

Goldman Rethinks Business Model

Goldman Sachs has been forced to rethink its business model, as it has come under fire from regulators of late.

12/29/2011

New U.S. tactic for suspected Swiss bank tax cheats

U.S. authorities hunting in Swiss banks for suspected tax cheats have a new weapon in their arsenal: an arcane but aggressive legal maneuver more commonly used against drug smugglers, money launderers and Imelda Marcos, widow of the Philippine dictator.

12/28/2011

When to Go Above The Boss's Head

His story is exemplary of the whistleblower-like firings and resignations that have graced headlines since the days of Enron.

12/27/2011

SEC Ups Its Game to Identify Rogue Firms

It is the Securities and Exchange Commission's new "most-wanted" list: a chart covered with handwritten notes, yellow highlighter and the names of about 100 hedge funds.

12/15/2011

Family offices seek shield from SEC disclosure

There are about 3,000 single-family offices in North America managing $1.2 trillion, according to estimates from Family Wealth Alliance LLC, a research and consulting firm in Wheaton, Illinois, which studies the industry.

12/12/2011

Regulatory changes for hedge funds set to continue in 2012

Under the Dodd-Frank Act, the private adviser exemptions in the Investment Advisers Act of 1940 will be replaced with 'venture capital fund adviser', 'foreign adviser' and 'private fund adviser' exemptions, says law firm Kaye

12/09/2011

Dutch fund sues major US bank over securities

The mortgage loans backing the securities were worth much less than had been represented and were taken out by borrowers "who were much less creditworthy than had been represented," the lawsuit said.