May 7, 2015
by Elizabeth Dennis
JURIST Guest Columnist Shu-Yi Oei of Tulane University Law School discusses tax evasion investigations and possible criminal charges against HSBC's Swiss private banking unit...Beginning around 2006, Hervé Falciani, a computer systems engineer at HSBC's Swiss private banking unit, HSBC ...[read more]
March 14, 2015
by Brittany Felder
A state prosecutor for France on Friday requested that HSBC, a Swiss private bank, face a criminal tax evasion trial. The request is a result of the investigation into a massive file leak showing that HSBC's Swiss bank profited from conducting business with people engaged in a variety of illegal ...[read more]
January 15, 2015
by Andrew Morgan
JURIST has retracted "Back-Alley Banking in China: the Next Financial Crisis" by Dr. Bashar Malkawi. The piece was originally published in our Academic Commentary section on 9 November 2013. On 7 January 2015, we were advised that the piece was copied from another author's work. We investigated ...[read more]
November 20, 2014
by Peter Snyder
Advocate General Niilo Jaaskinen of the European Court of Justice issued an opinion Thursday endorsing an EU plan to cap bankers' bonuses. The UK had challenged the cap, which restricts bonuses to 100 percent of banker's pay or 200 percent with shareholder approval. The non-binding opinion ...[read more]
June 1, 2014
by Elizabeth LaForgia
A Chilean court on Friday said that it has completed the 10-year investigation into the origin of former Chilean dictator Augusto Pinochet's fortune and his suspected embezzlement of public funds. In an unanimous decision, an an appeals court in Santiago closed the investigation, allowing Judge ...[read more]
December 2, 2013
by Peter Snyder
Hearings in a multi-million dollar class action suit against Australia and New Zealand Banking Group Limited (ANZ) began Monday before the Federal Court of Australia in Melbourne. More than 43,000 ANZ customers have accused Australia's third largest bank of charging unconscionable fees, including " ...[read more]
November 12, 2013
by Elizabeth LaForgia
A federal judge on Monday recommended that e-mails and other data collected by a large due-diligence firm for Wall Street banks should be turned over to the Department of Justice (DOJ), a move that may determine which banks the government will bring to court for their part in the 2008 financial ...[read more]
October 21, 2013
by Peter Snyder
JPMorgan Chase & Co. may still face potential criminal liability regardless of a tentative $13 billion deal to settle civil disputes resulting from the US government's probe into mortgage-bond sales made by the banking giant and its subsidiaries in the run-up to the sub-prime mortgage crisis, ...[read more]
September 12, 2013
by Peter Snyder
The European Parliament approved legislation Thursday that creates a system of banking supervision overseen by a new centralized bank supervision authority supported by the European Central Bank (ECB). The regulation puts in place a single supervisory mechanism that will cover 150 of the largest ...[read more]
June 21, 2013
by Kimberly Bennett
The Nacka District Court on Thursday convicted Gottfrid Svartholm Warg, founder of the file-sharing website The Pirate Bay (TPB), of hacking and fraud and sentenced him to two years in prison. Svartholm Warg was found guilty of hacking into a company that handles sensitive information for Sweden' ...[read more]

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