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Merrill Lynch to pay $131m over Norma

Merrill Lynch Building Sign

The Securities and Exchange Commission has charged Merrill Lynch with making faulty disclosures about collateral selection for two collateralized debt obligations (CDO) that it structured and marketed to investors, and maintaining inaccurate books and records for a third CDO.



Gavel Jason Morrison

Rabobank traders convicted of rate rigging

A New York jury convicted two ex-Rabobank Groep traders of rigging a key financial benchmark in the first such trial since the government pledged in September to hold bankers accountable for wrongdoing.