May 22, 2015
by Laura DeGeer
Five of the world's largest banks agreed Wednesday to plead guilty to rigging currency markets and to pay over USD $5 billion in penalties to the US Department of Justice (DOJ), along with several domestic and international agencies. Traders from Citicorp, Barclays, the Royal Bank of Scotland, ...[read more]
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]
April 25, 2015
by Valerie Howell
Nineteen eurozone creditors held a meeting in Latvia on Friday to demand the completion of the economic reform program agreed to by Greece necessary to avoiding a Grecian default or exit from the euro. An agreement between Greece and the creditors in February set an end-of-April deadline for the ...[read more]
April 23, 2015
by Laura DeGeer
The parents of Michael Brown filed a civil lawsuit Thursday under Missouri's wrongful death statute against the city of Ferguson, Missouri. In addition to the city of Ferguson, the complaint also names former police chief Thomas Jackson, and former police officer Darren Wilson as defendants in ...[read more]
April 17, 2015
by Emelina Perez
Malawi enacted the Marriage, Divorce and Family Relations Act of 2015 (Marriage Act) on Wednesday, a move that Human Rights Watch (HRW) welcomed as "an important step toward preventing child marriage." The act was passed by Parliament in February and approved by President Peter Mutharika this ...[read more]
April 7, 2015
by Zachariah Rivenbark
In March 2015, the Federal Communications Commission (FCC) faced the first legal challenge to its Open Internet rules. The FCC believes that net neutrality promotes free expression and the exchange of ideas. Its new rules advance the principle of net neutrality by prohibiting internet service ...[read more]
April 2, 2015
by Alison Sacriponte
US President Barack Obama on Wednesday signed an executive order to increase penalties against foreign cybersecurity threats. The executive order establishes sanctions against individuals or entities outside the US that engage in "significant malicious cyber-enabled activity." The new sanctions ...[read more]
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]

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