Finance Law

The Irish Times – Monday, June 4, 2012 CORMAC BUTLER OPINION: AN ERROR at EU level may answer the important question on everyone’s lips. Why was the Irish accounting profession not called to account for failing to reveal losses at financial institutions? The problem was exposed when Anglo Irish Bank announced impressive profits five years ago [...]

Share with others: <!—-> WASHINGTON — Points of unity: Mitt Romney and President Obama both like process-driven decisions, iPads, ABC’s “Modern Family” and chicken. Grilled chicken, not fried, in keeping with the shared body-mindedness of the combatants (Mr. Obama does treadmill and hoops, Mr. Romney elliptical and bike). Spicy, too, as Mr. Romney (who often [...]

What Bank of America’s top executives, including its chief executive then, Kenneth D. Lewis, knew about Merrill’s vast mortgage losses and when they knew it emerged in court documents filed Sunday evening in a shareholder lawsuit being heard in Federal District Court in Manhattan. The disclosure, coming to light in private litigation, is likely to [...]

NEW YORK -Only a month ago, surprisingly strong corporate earnings and steady growth in the U.S. economy had investors in a cheery mood. The Dow Jones industrial average stood at its highest level in more than four years. Then everything unraveled. First it was worries about Greece dropping the euro currency. After that came fear [...]

By Lorene Yue June 04, 2012 Northwestern University’s law school, one of the top programs in the country, is considering shrinking its class size because of the continuing job crisis in the legal industry. Although there is no timetable for a decision, law school Dean Daniel Rodriguez says he is “taking a very close look [...]

MONTEBELLO, NY–(Marketwire -05/08/12)- Provident Bank, a subsidiary of Provident New York Bancorp (PBNY), announced it hired Robert J. Torra to lead the newly established Business Banking team in Westchester County. Robert joins the firm as Senior Managing Director, Business Banking and will be responsible for leading the team to build and cultivate business banking relationships. [...]

Mr Herman has convinced leading entrepreneurs to work with him, including James Averdieck, co-founder of the dessert firm Gü, which was sold for more than £30m in 2010. Mr Averdieck said: “Without question I would have benefited from the Bluebox programme.”

By Edna E. DiñoPhilippine Daily Inquirer At the 1977 University of the Philippines (UP) Law Alumni Association homecoming, with the late President Ferdinand E. Marcos as guest speaker, Eduardo U. Escueta, president of Class 1972, told his fellow alumnus, “Mr. President, the class that made martial law necessary…” As members of the class stood up, [...]

LUBBOCK, TX (KCBD) – Several Lubbock mothers are outraged after recent abuse allegations surfaced in a Frenship middle school special needs classroom. Now they’re banning together to protect their children and get the laws changed. Back in April, Child Protective Services investigated a special education teacher at Terra Vista Middle School after allegations of abuse [...]

By Swati Pandey and Rajendra Jadhav SUPALI, India | Sun Jun 3, 2012 11:52am IST SUPALI, India (Reuters) – Two years ago, Vilas Yelmar took out a 200,000 rupee bank loan to develop a small grape orchard in a dusty hamlet southeast of Mumbai. The bank has repeatedly asked for the loan to be repaid, [...]