Families of victims of the 1983 bombing of a U.S. Marines barrack in Lebanon on Wednesday dropped a suit accusing Standard Chartered PLC of hiding part of $2.7 billion in assets Iran owes them.
The U.S. Chamber of Commerce on Monday asked federal trade officials to review whether a proposed ban on proprietary trading by financial institutions would violate the country's World Trade Organization and free trade commitments, ramping up opposition to the hotly contested Volcker rule.
The cost of complying with new capital thresholds is accelerating a wave of consolidation among community banks as smaller lenders try to buy their way to healthier margins, a trend experts expect to continue into 2013.
Citigroup Inc. on Wednesday asked the Second Circuit to stop European financial institutions from opting out of a class action and suing it over financial crisis-linked writedowns, arguing that federal securities laws bar the new suits.
The outgoing and incoming chairmen of the House Financial Services Committee on Thursday urged federal financial regulators to give banks a full two years before they have to comply with the delayed Dodd-Frank Act ban on proprietary trading.
A former Davis Graham & Stubbs LLP tax attorney who represents energy firms on mergers and acquisitions, joint ventures and investment activity will rejoin the firm in Denver on Monday as a partner after spending six years with Baker & McKenzie LLP, Davis Graham said Tuesday.
Four years after mortgage-backed bonds tipped the economy into recession, Wall Street is eyeing a new product, backed by lease payments from foreclosed homes turned into rentals. But so far, it's been a waiting game as lawyers, bankers and ratings agencies grapple with risks and try to avoid a repeat of 2008.
A key U.S. Senate committee canceled the markup of a controversial bill requiring regulatory agencies to submit all rules to cost-benefit analysis by the White House so it can be discussed in a hearing, a panel spokeswoman said Thursday, a move expected to slow the bill's progress but considered unlikely to derail it.
Morgans Hotel Group Co. said Thursday it has signed a $180 million loan on its Hudson hotel in midtown Manhattan, retiring a $115 million mortgage and helping to fund a renovation and expansion of the 834-room hotel.
General Growth Properties Inc., a listed real estate investment trust with a $17.6 billion market value, said Wednesday that it has refinanced $1.2 billion of property-level debt at shopping malls in Texas, California, Florida, Utah, New Jersey and Arizona.
Power company AES Corp. and private equity firm Riverstone Holdings LLC's solar joint venture AES Solar has secured $752 million in financing for several major utility-scale solar projects around the world, giving AES a total of 500 megawatts in operation or construction, the company said Monday.
Canadian precious metals firm Sulliden Gold Corp. Ltd. has obtained up to $125 million in financing from Credit Suisse AG and Barclays Bank PLC to develop its gold and silver Shahuindo mine in Peru, the company said late Thursday.
The pilot phase of the Europe 2020 Project Bond Initiative was finally rolled out on Wednesday when the European Investment Bank signed off on the completed implementation plan for the €230 million ($293 million) infrastructure bond guarantee program.
A private equity firm with a sizable stake in Clearwire Corp. on Thursday urged the company to cover expansion costs by selling excess wireless spectrum rather than signing over control to Sprint Nextel Corp. in a proposed $100 million deal.
Chesapeake Energy Corp. said Thursday that it will issue $2 billion in new debt to replace more expensive loans, its second major refinancing in five months as it moves to tackle a bloated balance sheet and finance its transition from gas to oil.
Waste management company Clean Harbors Inc. will fork over $1.25 billion for private equity-backed Safety-Kleen Inc., the buyer said Monday, ending a longtime pursuit and allowing Clean Harbors to expand its offerings to include oil recycling.
If Republican presidential nominee Mitt Romney wins the election in two weeks, the realities of congressional politics could make a full repeal of the Dodd-Frank Act impossible, but attorneys say he could still gut the law by weakening its most controversial provisions.
Backers of the Volcker rule are pushing for a final version of the Dodd-Frank Act's ban on proprietary trading in short order, but attorneys say that if regulators cannot agree on a single interpretation of the act's many provisions, a rushed rule could be nearly impossible to comply with.
Edwards Wildman Palmer LLP has responded to a steady demand for insurance-linked securities investments by hiring an attorney who has represented private equity firms, banks and insurers to shore up its capital markets team in New York, the firm announced Wednesday.
Companies will pump more money into securities-related legal efforts in 2013, a year that will see the continuation of a multibillion-dollar Federal Reserve plan to snap up mortgage-backed securities that has shaped the marketplace, according to a new study on corporate legal spending.