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LATEST

BP finds new fraud in Gulf spill payouts

Deepwater Horizon Spill Site

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.

FINRA fines Oppenheimer & Co $1.4m

Pointing The Finger

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.

Wall Street's big SAC Capital problem

Wall Street

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.

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Tidjane Thiam

C Suisse to raise $6bn as new CEO rings changes

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.