FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that Senator Chuck Grassley (R-IA), along with Senator Mark Kirk (R-IL), are launching an investigation into Treasury Secretary Timothy Geithner’s 'complacency' surrounding the LIBOR scandal.
Preet Bharara, the United States Attorney for the Southern District of New York, announced today that JOHN A. MATTERA pled guilty in Manhattan federal court to charges of securities fraud, wire fraud, and conspiracy to commit securities fraud and wire fraud in connection with a $13m scheme to defraud investors through false ownership claims of stock in Facebook and Groupon before their initial public offerings, and in other private companies. In connection with his guilty plea, MATTERA agreed to pay restitution to the victims of his offense and consented to the entry of a $13m forfeiture order.
The International Monetary Fund's chief economist has warned that the global economy will take a decade to recover from the financial crisis as the latest snapshot of the UK economy suggested that growth in the third quarter will be at best anaemic.
It was always going to end in tears - it was just a question of who was going to do the crying.
In the face of "constant hostility"—including lawsuits and a general lack of interest in promoting the industry—banks ought to leave New York and head for friendlier terrain, analyst Dick Bove said.
The combined $63bn in profit reported by the six largest U.S. lenders over the four quarters through June is more than they earned in any calendar year since the peak in 2006.
Here's the Thomson Reuters Worldwide M&A League Table for the first 9 months of 2012.
The taskforce charged with prosecuting US banks behind the excesses of the housing boom and bust has brought its first case – to mixed reviews.
Microsoft didn't have much luck with a recent celebrity event hosted at one of its retail stores.
Steve Schwarzman, Chairman and CEO of Blackstone, sat down with Bloomberg News’ Jason Kelly and said that election scrutiny of private equity may pay off: 'There’s a point of view that these business have performed very well for institutions…Ironically, it gave the public and other people a chance to think through these arguments'.
Navinder Singh Sarao, who stands accused of contributing to the 2010 "flash crash," failed to get his bail conditions reduced.
The woman charged in the death of a Google executive aboard a yacht in November 2013 pleaded guilty and was sentenced to six years in prison on Tuesday, NBC affiliate KSBW reported.
Mark Zuckerberg is living several dreams at once.