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USA - June 29 2012
Lombard Odier and Banque Cantonale Vaudoise (BCV), two Swiss banks targeted in Irving Picard’s recent lawsuits filed on June 6, 2012, are contesting Picard’s legal claims.
USA - June 29 2012
Irving Picard is seeking to block a $270 million state enforcement action brought by California Attorney General Kamala Harris against investment adviser Stanley Chais’ estate.
USA - June 29 2012
According to reports, JPMorgan reportedly failed to heed an investor advocate group’s warnings more than a year ago that the bank should improve its risk controls.
USA - June 29 2012
Under the Dodd-Frank financial reforms, a new process was put in place that allows whistleblowers who report corporate wrongdoing to receive anywhere from 10 percent to 30 percent of any fine levied against the corporation.
USA - June 29 2012
On June 12, 2012, the FDIC board voted 5-0 in favor of joining the Federal Reserve in advancing proposals designed to prevent another financial crisis by requiring all U.S. banks to hold capital worth at least 7 percent of their assets.
