FX to Libor Probes Leave U.K. Traders Looking for Lawyers
U.K. traders who’ve come under investigation for rigging benchmark rates may find themselves in another difficult situation — unable to find a good lawyer.
The top attorneys at specialist white-collar crime firms say that, in the past few months, they’ve seen the largest number of finance workers ever seeking advice as probes into the London interbank offered rate, or Libor, expand to the manipulation of currency, derivatives and precious metals benchmarks.
UBS AG : Exclusive: Ex-UBS banker Weil agrees to be extradited to U.S.
Raoul Weil, a former UBS banker charged by U.S. authorities five years ago for allegedly helping rich Americans dodge taxes via secret Swiss bank accounts, has agreed to go to the United States to face trial after being arrested in Italy, Weil’s lawyer and judicial sources told Reuters.
JPMorgan Pressured to Reveal $13 Billion Accord Complaint
JPMorgan Chase & Co. (JPM) should turn over a draft complaint used as the lender negotiated a $13 billion deal to settle probes of its mortgage-bond sales and identify an employee who cooperated with the U.S. investigation, according to lawyers for a Pennsylvania bank.
The Federal Home Loan Bank of Pittsburgh, which claims its losses of more than $1 billion from JPMorgan mortgage-backed securities aren’t covered by the settlement, filed a request to force the New York-based company to comply with a judge’s order that it turn over the documents.
CA AG Harris bruises JP Morgan Chase: Secure her own $300M of the $13B bank mortgage settlement.
This month, Harris secured another victory, getting her own $300 million chunk of the landmark $13 billion JPMorgan Chase & Co. mortgage settlement.
Harris hasn’t let up on her effort to chase down wrongdoing tied to the 2008 financial collapse. She is pursuing Standard & Poor’s, accusing it in a $1 billion lawsuit of falsifying ratings on mortgage-backed securities, a claim that may result in triple damages….