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December 20, 2022 | Daily Business Review

2022, the Year That Changed Banking in Europe

After a decade of struggling to keep up with Wall Street, European banks are enjoying a rare period of outperformance, buttressed by four large interest rate increases in the span of just half a year.
8 minute read
December 16, 2022 | Daily Business Review

Global Recession Risks Rise as Central Banks Raise Rates

Major central banks this week signaled their willingness to countenance a global recession in 2023 as they promised to raise borrowing costs further in their ongoing battle against sky-high inflation.
6 minute read
December 14, 2022 | Daily Business Review

Danske Bank Pleads Guilty to US Fraud, Will Forfeit $2B

Danske is working to move past a scandal that wiped out top management and saw thousands of customers leave in one of Denmark's worst cases of corporate malfeasance.
4 minute read
December 05, 2022 | New York Law Journal

GC at NY Dept of Financial Services Heads to Winston

Richard Weber, most recently general counsel for the New York State Department of Financial Services, said white-collar lawyers are likely to stay busy in the near future.
4 minute read
December 01, 2022 | Daily Business Review

Stocks Churn Around 200-Day Average Ahead of Jobs Report

The remarkably resilient U.S. jobs market is beginning to cool, but Friday's employment report will fall far short of the turning point Federal Reserve officials are seeking in their battle to beat back inflation.
4 minute read
November 28, 2022 | New York Law Journal

Ex-Hedge Fund CEO Leon Black Accused of Rape in Lawsuit Under Adult Survivor Act

The allegations, in a complaint filed by a lawyer at Wigdor LLP, stem from an encounter orchestrated by Jeffrey Epstein. The complaint also included allegations that Dechert prepared a sham report on behalf of Black.
3 minute read
November 28, 2022 | The Legal Intelligencer

Suit Against Ex-Hedge Fund CEO Accuses Dechert Investigation of Covering for Epstein-Arranged Assault

The allegations, in a complaint filed by a lawyer at Wigdor LLP, stem from an encounter orchestrated by Jeffrey Epstein. The complaint also included allegations that Dechert prepared a sham report on behalf of Black.
3 minute read
November 28, 2022 | Daily Business Review

Goldman Strategists Say Stocks Don't Reflect Recession Risk

Goldman Sachs said that while monetary policy should become less of a headwind next year, slowing global growth will keep stocks under pressure.
3 minute read
November 18, 2022 | Daily Business Review

Ex-Citi Trader Says Bank Distorted Chats to Get Him Indicted for Price-Fixing

The suit seeks $112 million in damages and alleges a former Citi executive's review of a trader's chat communications misled prosecutors in a way that falsely implicated him. He was found not guilty after a trial in 2018.
6 minute read
November 03, 2022 | New York Law Journal

Trump Businesses Ask Judge to Reject NY AG's Bid to Appoint Monitor

New York Attorney General Letitia James has asked Manhattan Supreme Court Justice Arthur Engoron to block the Trump entities from transferring assets without the court's approval and to appoint an independent monitor to oversee their financial disclosures.
4 minute read

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