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]
November 9, 2013
by Kenneth Hall
JURIST Guest Columnist Bashar Malkawi of the University of Sharjah College of Law in the United Arab Emirates argues that shadow banking in China, while valuable, remains illegal and contains systemic risk factors that should be mitigated by including it within the scope of established 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]
March 13, 2013
by Keith Herting
Google agreed Wednesday to a $7 million settlement for its collection of improper data during the course of its Street View campaign. The settlement arose from a suit brought by the attorneys general of 38 states against Google for its collection of "payload data," which includes fragments of ...[read more]
January 21, 2013
by Sarah Steers
On January 21, 2010, the Swiss Administrative court ruled that 25 American taxpayers, all clients of Swiss banking giant UBS, need not disclose their financial information to the US Internal Revenue Service (IRS). This decision reversed a ruling by the Swiss Federal Tax administration that would ...[read more]
December 11, 2012
by Brandon Gatto
The US Department of Justice (DOJ) announced Tuesday that HSBC Holdings, one of the world's largest banking institutions based in the UK, and HSBC Bank USA, a federally chartered banking corporation based in Virginia, have agreed to forfeit $1.256 billion to settle a multi-year probe related to ...[read more]

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