BP has said it has discovered new evidence of fraud and conflicts of interest in the program that is paying billions of dollars to those who claimed they were harmed by the 2010 Gulf of Mexico oil spill.
James Bannon is an actor and the author of ‘Running With the Firm’, an explosive new book that exposes the truth behind his experience as a young undercover police officer whose mission was to infiltrate Millwall Football hooligans.
The Financial Industry Regulatory Authority (FINRA) has announced that it has fined Oppenheimer and Co $1,425,000 for the sale of unregistered penny stock shares and for failing to have an adequate anti-money laundering (AML) compliance program to detect and report suspicious penny stock transactions.
The appointment of Ross McEwan as chief executive of Royal Bank of Scotland (RBS) marked the latest phase in the return of retail banking to center stage.
Wall Street banks stand to lose millions in revenues if SAC Capital is brought down by recent criminal allegations. What's more, SAC's alleged insider trading may have legally contaminated the banks themselves.
A disaster averted.
1. Foster a good working relationship with the chancellor
UBS continues to clean house, JPMorgan in buying mood.
Morgan Stanley continues to get its act together.
Here's a potential sign the job market is slowly improving: Some people are feeling comfortable looking for a new job even while they're (supposed to be) doing their current one.
Barclays appears to be considering ways to defy the strict separation of its high street operations from its investment bank, in a move likely to inflame the debate over whether rules designed to prevent a second banking crisis are being watered down.
Credit Suisse, Switzerland's second biggest bank, is to raise a total of 6.05 billion Swiss francs ($6.2 billion) in fresh capital through a rights issue and private placement, as its new chief executive tries to address investors' concerns.
The NYDFS has announced that Crédit Agricole will pay $787 million and install an independent monitor for violating New York banking law.