Legal & Regulatory

HSBC's USD2.46 billion judgment just tip of iceberg

As ordered by US District Judge Ronald Guzman, HSBC and individual plaintiffs would go into the process of evidentiary discovery.


Private investors seek settlement from JPMorgan

Fund managers BlackRock Inc and Neuberger Berman Group LLC seek settlement in the amount of USD5.75 billion for mortgage backed securities fraud.

Bank of Canada retains interest rate levels

Under new Bank of Canada Governor Stephen Poloz, the bank retained its benchmark interest rate level for the 24th consecutive month.

Telcos provided more freedom under new UAE TRA rules

Called expedited processing, the Telecommunications Regulatory Authority of UAE would allow direct offers of prepaid products to be made by telcos.


Latest News

A final decision would be made on the commencement date for submission of tax returns for 2013 by the IRS in December.
In a bid to get past the Macy's suits filed against the retailer and Martha Stewart, JCPenney had decided to amend the agreement it had entered into with Martha Stewart Living Omnimedia.
While there was an offer made for the club, Birmingham City management said that there were 'no immediate plans' to sell.
Canadian Prime Minister Stephen Harper had removed many hurdles for US and European investors in Canadian enterprises.
Aside from the monetary penalties, the Attorney General required some form of admission of criminal liability on the part of JPMorgan.
The Telecommunications Regulatory Authority of UAE would, after a five year wait, put the mobile phone number portability system operational by December.
TrueEX's application for interest rate swap facilities is the next step to consolidate the market.
Achilles Macris, former CIO of JPMorgan, said he was denied due process for he was denied the opportunity to respond to the allegations.
Like many other regulatory authorities, Deutsche Bank is conducting an internal review of conversations and electronic communication for allegations of rigging the the benchmark interest rates.
In a letter to presiding judge Sam Glasscock III, Apollo Tyres lawyer sought the dismissal of the case filed against them by Cooper Tire & Rubber Co.