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PwC to face MF Global lawsuit

Gavel Jason Morrison

A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1bn lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global, a brokerage run by former New Jersey Governor Jon Corzine.

Argentina strips BNY Mellon of trading authorization

Argentinian Flag

Bank of New York Mellon found itself front and centre of Argentina's debt battle on Tuesday after the South American country stripped its authorization to operate there and bondholders seeking payment filed a lawsuit against the U.S. bank.

Ex-AIG CEO's $25bn bailout lawsuit to go ahead


A federal judge has rejected the United States' bid to dismiss a more than $25bn lawsuit filed by Maurice 'Hank' Greenberg, the former chief executive of American International Group Inc, over the insurer's government bailout, clearing the way for a September 29 trial.



Goldman Sachs Blink

Goldman bankers said to leave over guideline breach

Three bankers have left Goldman Sachs after the U.S. firm determined they breached internal guidelines in connection with the bank’s advisory role on the planned acquisition of a consumer company in the Middle East, according to people with knowledge of the matter.