Floyd Abrams, the lead attorney for Standard & Poor's, told CNBC Tuesday that "the intensity of the investigation" into the agency's bond ratings "significantly increased" after S&P downgraded the U.S. government's credit rating in 2011.
Two thirds of Facebook users have taken a voluntary break from the site for several weeks or more, citing reasons ranging from "excessive gossip or drama from their friends" to "concerns about privacy", according to new research.
And investment bankers got their 2012 pay cut, while firm asset managers didn't.
Royal Bank of Scotland will pay about $612m in fines for manipulating interest rates, the second- largest penalty imposed in a global regulatory probe.
Here's part of the bank's statement -
The Financial Services Authority (FSA) has fined The Royal Bank of Scotland plc (RBS) £87.5 million for misconduct relating to the London Interbank Offered Rate (LIBOR).
Hedge fund SAC Capital, still fighting distractions on multiple fronts, churned out a modestly positive January with returns of about 2.5 percent, say two people familiar with the matter.
For the Department of Justice's basic theory of the case to make sense you have to believe that the investment banks creating collateralized debt obligations wanted high ratings at any costs-even if the ratings were highly inaccurate.
By Hiroshi Mikitani
Chief financial Officer of German insurer Allianz said bond fund manager Pimco, which has seen record outflows since star manager Bill Gross departed last year, is still "the strong bond house it used to be", even as outflows continued at a rate of $32 billion in the second quarter of this year.
The US economy added 215,000 jobs in July, while the unemployment rate remained steady at 5.3%, meeting expectations.
Europe M&A activity totals $615.4 billion, up 11% compared to YTD 2014 levels