12/02/2013
Australian class action close to settlement with Lehman Brothers liquidator over sub-prime losses
A group of Australian councils, churches and charities that lost millions of dollars in the US sub-prime mortgage crisis are has reached a settlement with the liquidator of the collapsed investment bank Lehman Brothers.
12/02/2013
Linklaters has named its current Greater China and global litigation head Marc Harvey as Asian regional managing partner to succeed outgoing Stuart Salt.
12/02/2013
Singapore's shadow banking is small, the Monetary Authority of Singapore Financial Stability Review 2013 said.
12/01/2013
JPMorgan Chase & Co. said today that a former employee leaked information used for insider trading, also in 2010.
11/27/2013
Adviser Forced To Pay Back $684,000
A former financial adviser has been forced to pay back $684,000 to five clients after he was convicted for providing inappropriate advice.
11/26/2013
The Department of Justice and the Securities and Exchange Commission are probing as to whether the banks’ hiring of offspring of Chinese bureaucrats breached the US Foreign Corrupt Practices Act.
11/25/2013
The awards recognised the leading female business practitioners across 14 legal practice areas, as well as those domestic and international firms dedicated to the advancement of women in the legal profession.
11/25/2013
The Hong Kong Association of Banks has issued Best Practice for NFC Mobile Payment in Hong Kong
11/25/2013
China Said to Plan Crackdown on Banks’ Loan Limit Evasion
Banks would also be required to take provisions on such assets while the transactions are in effect.
11/25/2013
Malayan Banking Bhd has fully complied with the regulation of the Financial Services Authority of Indonesia on refloating BII shares by 20%.
11/25/2013
The former executive director had sought at least S$1.3 million ($1 million) from UBS, which said in an e-mailed statement that it doesn’t comment on individual employee litigation.
11/23/2013
Several Asian and U.S. banks are working around new U.S. regulations on derivatives trading aimed at preventing a repeat of the 2008 financial crisis
11/20/2013
Norton Rose Fulbright axes 30 jobs in Australia
Redundancies in other regions are not expected, with the firm saying the job losses came in response "to changes in the local market".
11/20/2013
The offering, which closed earlier this month, is thought to be the largest-ever IPO in the Philippines.
11/19/2013
Amarchand Mangaldas has hired former IIFL Wealth Management director Mugdha Sahal
11/18/2013
The group will use the majority of the net proceeds from the global offering to expand its financial capability by increasing its net asset value, registered capital or paid-up capital.
11/18/2013
The group will use around half of the net proceeds from the offering for the diversification of product offerings.
11/18/2013
He will be working with the New York-based law firm’s existing clients as well as expanding relationships with Asia-based managers and investors
11/17/2013
The last 12 months has been another year of change for the financial services industry. We have begun the move from inter- and intranational debate about the shape and purpose of regulation, to a period of understanding the implications for business follo
11/17/2013
The foreign exchange trading investigation is the latest multinational probe of financial benchmarks that affect trillions of dollars in personal and business transactions.