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30 Oct 2012, 5:00 am
Stock markets will be closed Tuesday for a second day, as New York deals with the aftermath of Hurricane Sandy. | Over all, the storm could cause economic losses of up to $20 billion, according to the catastrophe risk modeling firm Eqecat. | UBS announces plans to cut up to 10,000 jobs as part of a major restructuring of its investment banking division. [read post]
10 Nov 2017, 1:25 pm
A New York district court granted certification in an ERISA class action brought by employees of Deutsche Bank alleging the individual fiduciaries of the company’s retirement plan engaged in self-dealing and mismanagement of its 401K plan. [read post]
29 Sep 2022, 1:10 pm
Call New York Securities Lawyers at 212-509-6544. [read post]
24 Dec 2009, 6:55 pm
., plunged 23 percent, the worst on the New York Stock Exchange, after its bank partner cut off funds for tax refund loans: Jackson Hewitt, the No. 2 tax preparer behind H&R Block Inc., dropped $1.34 to $4.50 at 1:01 [...] [read post]
20 May 2014, 8:29 am
Credit Suisse will pay a $2.5 Billion financial penalty to the Department of Justice (DOJ), the Internal Revenue Service (IRS), the Federal Reserve and the New York State Department of Financial Services to settle the claim. [read post]
15 Feb 2007, 8:48 am
A bankruptcy judge in New York ordered Bear Stearns to return $125 million plus interest to investors of a failed hedge fund that did business with the investment bank before it collapsed in 2000. [read post]
17 Nov 2006, 8:24 am
New York-based Lazard said Mr. [read post]
24 Feb 2009, 4:52 am
The government faced mounting pressure on Monday to put billions more in some of the nation's biggest banks, two of the biggest automakers and the biggest insurance company, despite the billions it has already committed to rescuing them, The New York Times's Edmund L. [read post]
9 Apr 2010, 2:51 am
Rubin, the consummate wise man of Washington and Wall Street, looked demoralized, The New York Times reported. [read post]
15 Jun 2021, 3:20 pm
Simon Curanaj, 67, Yonkers, New York, was sentenced today to 24 months in prison for his role in a $3.5 million scheme to use false information and simultaneous loan applications at multiple banks to fraudulently obtain home equity lines of credit, a practice known as “shotgunning. [read post]
25 Dec 2004, 11:54 am
[JURIST] In a major course-reversal, New York Attorney General Eliot Spitzer (official website here), now a candidate for state governor in 2006, has said that he is ready to turn high-profile investigations of wrongdoing by investment banks, mutual funds and insurance companies over to federal regulators, suggesting that state-led crusades balkanize corporate regulation, and that federal [read post]
13 Mar 2010, 5:11 am
Reporter: Hey, Willie, why do you rob all them banks? [read post]
2 Apr 2008, 11:00 am
A blowup at a superleveraged fund in Japan can quickly reverberate to New York and much further afield; a bank collapse in London can leave trading counterparties around the world twisting in the wind. [read post]
3 Feb 2009, 3:37 am
The Internal Revenue Service, which is participating in a broad federal investigation into UBS and its offshore private banking services, is widening its scrutiny to include ordinary accounts owned by Americans who work overseas, according to a person briefed on the issue, The New York Times's Lynnley Browning reported. [read post]
17 Sep 2008, 8:57 am
The Federal Reserve Bank of New York has agreed to issue AIG a two year, $85 Billion secured revolving credit facility in return for a 79.9 percent equity interest in AIG and the right to veto the payment of dividends to common and preferred shareholders.For a full copy of the Federal Reserve press release concerning the arrangement, please click here.For a full copy of the AIG press release, please click here.For a full copy of the U.S. [read post]
21 Dec 2011, 6:10 am
Their role, however, may have been overlooked according to a recent report from the Federal Reserve Bank of New York. [read post]
5 Feb 2007, 7:56 am
Ryan will join Credit Suisse’s New York office some time “midyear,” Credit Suisse said. [read post]
19 Jul 2010, 5:02 am
But with many mortgage lenders now out of business, investors hurt by the housing market crash are increasingly turning toward the banks and Wall Street firms that packaged and sold mortgage-backed securities, and they're finding some successes in state courts, says Gretchen Morgenson of the New York Times. [read post]
5 Jan 2022, 3:25 pm
The New York-based bank Wednesday released its Business Leaders Outlook, a pair of reports based on surveys of small and midsize business leaders across various industries. [read post]
30 May 2023, 2:05 pm
Call New York Securities Lawyers at 212-509-6544. [read post]
