As big U.S. banks approach earnings this week, they're taking a page from a familiar playbook: Under-promise and over-deliver.» Read More
A top Justice Department official says a sweeping guilty verdict in a Florida mortgage fraud case adds another face to the financial crisis.
An estimated half million Americans have a painful decision to make between today and August 31 — admit to the IRS that they’ve been hiding secret offshore bank accounts, or take their chances the government won’t find out about their secret horde and possibly send them to jail.
Conflicts of interest, excessive risk-taking and failures of government oversight triggered the financial crisis and helped push the country into the deepest recession since the Great Depression, concludes a new report by the U.S. Senate.
Competition and AT&T's market share will be one of the major factors in approving the telecom firm's proposed $39 billion merger with Deutsche Telekom's T-Mobile, Federal Communications Commission Chairman Julius Genachowski told CNBC Tuesday.
The Department of Justice said Thursday that it is seeking an order from a federal court in San Francisco to authorize the IRS to ask for information from the global bank HSBC about Americans who may be hiding money in offshore accounts in India to dodge taxes.
Fund manager Raj Rajaratnam made $1 million in two minutes of frantic calls after receiving an inside tip about a big investment in Goldman Sachs at the height of the financial crisis, prosecutors said this week at the Galleon founder's insider trading trial.
Dozens of foreign companies with London listings may be exempt from new anti-corruption laws, Ken Clarke has confirmed, a disclosure that will anger investors keen to preserve the integrity of London’s markets, the Financial Times reports.
Secretly-recorded audio played by prosecutors reveals a phone conversation between hedge fund executive Raj Rajaratnam and his brother Rengan in which Rengan was concerned that the media had picked up on the deal.
A former executive assistant at Disney who schemed with her boyfriend to sell secrets about the company's finances has been sentenced to four months of home confinement.
The panel appointed by Congress to investigate the causes of the financial crisis referred a handful of cases involving potential wrongdoing to the Justice Department, a person close to the investigation said Monday evening. The New York Times reports.
Comcast and NBC Universal have received government approval for their joint venture — this afternoon both the Federal Communications Commission and the Department of Justice gave the deal the okay with certain conditions. This clears the way for the deal to close before the end of January.
In a new classified report to Congress, US intelligence officials reveal that they have seen more than a dozen allegations in three years of misconduct by American intelligence community employees who were moonlighting at outside jobs.
As Attorney General Eric H. Holder Jr. promotes his crackdown on financial fraud, it’s worth looking critically at who is being singled out and why that might be. The New York Times reports.
The Department of Justice has responded to a blistering critique by a government investigator of its investigation of Beazer Homes, the troubled Atlanta-based homebuilder that has come under fire for alleged mortgage fraud.
Struggling to reduce traffic jams and a high crime rate, Maastricht is pushing to make its legalized use of recreational drugs a Dutch-only policy, banning sales to foreigners who cross the border to indulge.
The oil is clearing much faster than expected, but concern remains over the unseen effects. The NYT reports.
As BP transitions to a new CEO, the company is also subtly transitioning to a new, more aggressive strategy when it comes to its liabilities for the Gulf oil spill.
In nationwide surveys that were conducted in 2008 and 2009, the Pew Center found that 23 percent of Americans said that Hispanics were discriminated against “a lot” in society today.
The Justice Department says it has made the arrests since March, in a probe of mortgage fraud called Operation Stolen Dreams.
The Obama Administration is waging a silent, unwise war on high-tech, hell-bent on taming a few targets to bolster a get-tough image. The feds’ enmity toward what we’re best at—technology and making money on it—threatens our long-term economic recovery.