02/06/2013

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

02/05/2013

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.

02/05/2013

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

02/04/2013

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

02/03/2013

Swiss tax haven is over

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