Former Rothschild adviser Oliver Bender said that his company's initial assessment of the state of Hypo Alpe-Adria-Bank International AG prior to the stake acquisition by Bayerische Landesbank was that of a robust, growing company who had swap losses that were not adequately recognized by the state-backed lender, Bloomberg reported.
The official mouthpiece of the China Communist Party has made allegations in its Weibo microblog that the domestic unit of GlaxoSmithKline Plc has failed to pay import duties and taxes of its HIV treatment.
The latest decisions of the US Supreme Court led by Chief Justice John Roberts were observed to have undergone a shift after making controversial decisions on gay marriage and Obamacare, Bloomberg reported.
According to lawyers for Kommunale Wasserwerke Leipzig GmbH, its consultants on its derivatives deal were close with former UBS AG employee Steven Bracy, who at one point hired strippers for them while the utility company was in the midst of its swap deals negotiations with the Swiss bank.
