SAN FRANCISCO, March 25- The former chief operating officer of a major Chinese-American bank in San Francisco was convicted on Wednesday of several criminal counts, including securities fraud, over allegations he concealed deteriorating loans at the height of the 2008 financial crisis. Prosecutors accused former United Commercial Bank executive Ebrahim...» Read More
Opening statements in the trial for ex-SAC trader Matthew Martoma could begin Wednesday. CNBC's Kate Kelly reports jury selection has begun.
CNBC's Scott Cohn reports JPMorgan will settle with trustee Irving Picard for $543 million. Picard will disperse the funds to the Madoff victims.
CNBC's Scott Cohn reports JPMorgan will pay $1.7 billion to the DOJ for its dealings with Bernie Madoff. The bank will also admit wrongdoing in a deferred prosecution agreement. No individuals will be held accountable.
JPMorgan Chase will not be penalized following accusations that it ignored Bernard Madoff's Ponzi scheme, the Wall Street Journal reported.
An announcement of a settlement deal between JPMorgan and regulators in the Madoff case could come as early as Tuesday. CNBC's Scott Cohn reports that the company says employees acted in good faith.
CNBC's Kayla Tausche reports JPMorgan could reach a $2 billion settlement with the Department of Justice this week. CNBC's Scott Cohn provides perspective.
CNBC's Kayla Tausche reports JPMorgan could reach a $2 billion settlement with the Department of Justice this week. The deal could also include a deferred prosecution agreement which would rule out criminal charges.
CNBC's Andrea Day looks back at this year's biggest crime stories, including rock star wannabe, Rob Mawhinney, who stole over $11 million and is now serving seven years in prison.
CNBC's Jane Wells interviews Jordan Belfort, the real "Wolf of Wall Street." Belfort describes his con and how he manipulated his own brokers.
SAC Capital's Michael Steinberg has been found guilty on conspiracy and four counts of securities fraud. He could face up to 85 years in prison. CNBC's Kate Kelly reports.
CNBC's Kate Kelly reports former SAC trader Michael Steinberg has been found guilty on five counts ranging from conspiracy to securities fraud and faces a maximum of 85 years in prison.
CNBCs Kate Kelly reports a jury is deliberating on the fate of former SAC trader Michael Steinberg who faces 85 years in jail.
Hon. Richard Holwell, former federal judge, addresses why he thinks no Wall Street executives have been prosecuted during the recent financial crisis and if there has been a breakdown in the justice system.
A former SAC Capital Advisors trader wants to cite in court some 2012 testimony given by the hedge fund's founder Steven Cohen, claiming it rebuts the government's case.
CNBC's Scott Cohn reports new details on just how far Bernard Madoff went to hide his investment fraud.
SAC Capital Advisors will shut down its London office by the end of the year as the hedge fund downsizes, according to a memo sent to staff on Tuesday.
If the Madoff trustee is successful in suing banks for ignoring warning signs, the liability of financial firms could be enormous in future cases.
As legal bills rise, billionaire hedge-fund manager Steven A. Cohen has sold stock, and now artwork, to meet withdrawal requests from investors. NYT.
A new report from FINRA Investor Education gives surprising details on who’s most likely to get scammed. You may be more vulnerable than you think.
Ex-Goldman VP Fabrice Tourre asked a federal judge to dismiss the SEC case against him or set a new trial.