Merrill wins dismissal of CDO lawsuit by South Korea's Woori

A U.S. judge threw out a lawsuit from South Korea's Woori Bank accusing Bank of America Corp's Merrill Lynch unit of misleading investors about the riskiness of collateralized debt obligations, saying the suit had missed a deadline under South K


HK regulator bans ex-Merrill Lynch Asia employee

The District Court found that, between September 2007 and February 2008, Hsu dishonestly effected a number of unauthorized transactions, fund transfers and loan draw downs in customer accounts that she handled during her employment with Merrill Lynch.


SFC bans Wing Hang Bank employee for life

The disciplinary action follows Ho’s conviction for misappropriating around $1.3 million from three customers’ accounts by forging their signatures


Tax rise imminent, warns KPMG China

KPMG China predicts a budget deficit due to government spending and says a goods and services tax will help to widen the tax base


Swiss tax haven is over

International tax services, apart from the American, will be able to collect data relevant from January 1, 2013.