BNY Mellon has been sued by the New York attorney general and the United States attorney in Manhattan, who claim the financial institution defrauded New York City pension funds and other retirement plans nationwide over the price of foreign-exchange transactions.
US District Judge James O. Browning in Albuquerque, New Mexico has ruled that Moody’s Corp., Fitch Inc. and Standard & Poor’s must face a New Mexico securities lawsuit.
Morgan Stanley has won the dismissal of a Virgin Islands government pension fund lawsuit accusing the bank of defrauding investors of $1.2 billion of risky mortgage debt that it expected to fail.
British businesses will be negatively impacted if schemes are forced into Solvency II capital requirements, the Confederation of British Industry has cautioned.
Goldman Sachs' board of directors has won the dismissal of a lawsuit seeking to recover billions of dollars of bonus payouts and other compensation awarded for 2009.
Dutch schemes have suffered an 11% drop in funding as a result of poor market performance and increased interest rates, according to De Nederlandsche bank (DNB), the Dutch pension regulator.
The Federal Reserve Open Market Committee (FOMC) has announced a bond swap, with plans to purchase $400 billion in longer-term securities while selling an equal amount of short-term ones by June 2012.
Following broad government reforms, Australian pension schemes will encounter heightened scrutiny of their corporate governance and risk management policies that will affect investment decisions.
As the Federal Reserve moves toward new steps to purchase long-dated Treasury bonds and decrease interest rates on long-term loans, investors question the impact on liability-driven investment.
US regulators have filed a lawsuit alleging insider trading related to the recent purchase of US underwater oil services company Global Industries Ltd by France's Technip SA.
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