Bankruptcy

New York Times (blog)In Crackdown on Bank Consultants, Deloitte Is Fined and BannedNew York Times (blog)The move, a stunning blow to the consulting arm of the accounting giant, stemmed from what state authorities called “misconduct, violations of law, and lack of autonomy” during Deloitte's work for Standard Chartered, a British bank accused of illicitl […]

Albany May Tighten Rein on Banking ConsultantsNew York Times (blog)In an attempt to force change upon a sector that operates with scant supervision and produces mixed results, Benjamin M. Lawsky, New York's superintendent of financial services, plans to use an obscure state banking law to rein in banks' use of ... […]

Why Let a Bank Write US Financial Reform Legislation?Huffington PostBut, reasonable people would agree that a bank having a history of involvement with fraud and mismanagement (and a recipient of one of the largest bank bailouts) shouldn't be writing bank legislation. Unless, of course, you are the U.S. Congress doing ... […]

Concern over banking law amendmentThe News InternationalKARACHI: Chairman FPCCI Standing Committee on Banking, Credit and Finance Dr Mirza Ikhtiar Baig has expressed his reservations about the amendment in the finance bill. As per the finance bill, banks are required to provide information to tax officials ... […]

Where a guarantor had failed to establish that the sale of a security had been at an undervalue, the bank was entitled to summary judgment. […]

The Upper Tribunal upheld the FSA's finding that Mr Razzaq was not a fit and proper person based on evidence of Mr Razzaq's fraudulent conduct that he conducted insurance mediation activities without permission and his failure to inform the FSA of material facts. As a result, the Upper Tribunal found that Mr Razzaq lacked honesty and integrity. Alt […]