March 23, 2015
by Alison Sacriponte
A judge for the US District Court for the Southern District of New York gave final approval Friday to a $970.5 million settlement for shareholders of the insurance giant American International Group (AIG) to settle claims that shareholders were misled about the subprime mortgage exposure that led ...[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]
March 4, 2015
by Peter Snyder
The General Court of the European Union on Wednesday annulled a portion of the European Central Bank's (ECB) Eurosystem Oversight Policy Framework requiring financial institutions clearing trades in euros to be located in the Eurozone. The UK brought the action before the General Court, contending ...[read more]
March 2, 2015
by Valerie Howell
Chinese efforts against corruption have led to the conviction and investigation of 14 generals for corrupt financial practices, according to a Monday announcement. Chinese military prosecutors released a notice on Monday, inculpating military personnel of various levels and notoriety in serious ...[read more]
February 27, 2015
by Laura DeGeer
The Wisconsin Senate on Wednesday approved Senate Bill 44, commonly known as the right-to-work bill. In general, the legislation provides that employees cannot be required to join a labor organization. Without financial support, unions are limited in their ability to bargain and recruit new ...[read more]
February 24, 2015
by Elizabeth LaForgia
The Cairo Criminal Court on Tuesday acquitted Mubarak-era prime minister Ahmed Nazif and former minister of interior Habib el-Adly of all charges. Both defendants were charged with "squandering public funds and profiteering" after allegedly making an illegal deal with German Company UTSCH to sell ...[read more]
February 21, 2015
by Kimberly Bennett
Euro zone finance ministers agreed on Friday to extend Greece's financial rescue by four months, though the deal will not be ratified until next week after the list of reforms, including all the policy measures the government plans to take during the remainder of the bailout period, are approved. ...[read more]
February 16, 2015
by Peter Snyder
The Supreme Court of Canada on Friday struck down part of the nation's anti-money laundering and terrorist financing law pertaining to lawyers, on the grounds that the legislation infringed on lawyers' duty to their clients. A unanimous court found that provisions of the Proceeds of Crime (Money ...[read more]
February 10, 2015
by Addison Morris
The Ukrainian parliament on Tuesday voted to dismiss General Prosecutor Vitaliy Yarema from office for his failure to bring reform and justice in light of last year's revolution. The proposal stemmed from President Petro Poroshenko and received 291 votes. Significant government reform is one of ...[read more]
February 8, 2015
by Dominic Yobbi
Somalia's prime minister on Sunday appealed to the US government and US banks to resume allowing money transfers to Somalia, a crucial service for many in the war-torn country. Almost all US banks have stopped allowing remittance services to Somalis in the US due to recently enacted legislation ...[read more]

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