German financial watchdog Bafin in cooperation with the Bundesbank is probing allegations of former Deutsche Bank AG employees that the firm hid losses during the financial crisis, three people familiar with the matter said.
Every dawn in the early spring of 2011, Matthew Kluger peered out his window, wondering when federal agents would knock at his door. Kluger, a mergers-and- acquisitions lawyer, says he worried that authorities were closing in on him as the source of illegal tips in a three-man insider-trading ring that had eluded detection for 17 years.
Joaquin Almunia, the European Union’s antitrust chief, is starting to look like a tough guy as he prepares to block a third merger in his tenure, fine Microsoft Corp. and extract concessions from Google Inc.
BP Plc is studying a fourfold expansion of the $5 billion Tangguh liquefied natural-gas plant in Indonesia as the region’s economic growth surges and Japan raises imports following its nuclear disaster.
Deutsche Bank AG hired law firm Fried Frank Harris Shriver & Jacobson LLP in March 2010 to conduct an internal probe days after a trader alleged the bank had misrepresented the value of derivatives to mask paper losses during the financial crisis.
The U.S. Court of Appeals in New Orleans penned a second important opinion this week in the completed reorganization of Scotia Pacific Co. and affiliate Pacific Lumber Co. , telling purchasers of bankrupt companies that they may end up paying more than they bargained.