Just seven years after his brokerage firm collapsed, former Lehman Bros. CEO Dick Fuld is back in the real estate business.» Read More
The U.S. Securities and Exchange Commission is investigating whether American International Group overstated the value of contracts linked to subprime mortgages, the Wall Street Journal said on Friday, citing people familiar with the matter.
In an attempt comply with New York State law, former AIG chief Hank Greenberg may sell some of his massive stake in the company, a move that would allow him to continue his assault against current management, CNBC has learned.
A former Credit Suisse investment banker convicted of leaking inside information about pending mergers was sentenced to 10 years in prison by a federal judge Friday.
John F. Marshall spent decades teaching at business schools and watching his students parlay his lessons into fortunes on Wall Street. But when he and another professor reached for some of those riches themselves, events took a startling turn, the authorities say.
The US Securities and Exchange Commission will hold a roundtable on the issue of fair value accounting rules in the next few weeks but will stop short of getting rid of mark-to-market valuations, SEC chairman Christopher Cox told CNBC Wednesday.
Bear Stearns plans to turn over documents to securities regulators showing that financial giants like Goldman Sachs Group, Citadel Investment Group and Paulson & Co cut their exposure to the securities firm before its collapse, the Wall Street Journal reported on Wednesday.
The first criminal trial in a mammoth bribery probe at German engineering giant Siemens began on Monday and the prosecutor warned that it should send a signal to corporations that corruption would not be tolerated.
The White House said that President Bush would not veto a final bill from Congress that orders a halt to filling the Strategic Petroleum Reserve while oil prices are very high.
JPMorgan, acquiring rival investment bank Bear Stearns amid one of the worst market slumps ever, so far has extended jobs to about 6,000 out of Bear's nearly 14,000 employees, a person familiar with the situation said on Monday.
Federal prosecutors in New York have formed a task force together with other government agencies to examine the collapse of the market for risky home loans, a spokesman for the U.S. Attorney's Office in Brooklyn said Monday.
The Federal Equal Employment Opportunity Commission has decided to close its investigation into charges made by a former junior trader at SAC Capital alleging that his supervisor had sexually assaulted him and forced him to take female hormones.
It's time the SEC took its role as rule enforcer seriously, he says.
U.S. securities regulators said on Thursday they filed a settled complaint against a Wall Street trader accused of intentionally spreading false rumors about the planned acquisition of Alliance Data Systems while selling the stock short.
U.S. federal regulators will announce a settlement on Friday with former Fannie Mae executives over their alleged roles in a 2004 multibillion-dollar accounting scandal, a person familiar with the settlement said on Thursday.
... Burlesque in one Act by the U.S. Securities & Exchange Commission
Plus, two very different takes on Wednesday's interview with Sen. Hillary Clinton and more.
With today's hearings in Washington on the JP Morgan Chase buyout of Bear Stearns, here is a look at how the Financials and Home Builders have faired since their close the Friday before the deal was announced.
As long as there's no "uptick" rule, that is. Cramer's crusade continues.
Attorneys for former Enron CEO Jeffrey Skilling will argue Wednesday that his 2006 conviction should be overturned because of “shocking” and “egregious” misconduct by prosecutors.
The U.S. Securities and Exchange Commission charged Canada's Biovail, two current senior executives and former Chief Executive Eugene Melnyk with engaging in a number of fraudulent accounting schemes, the agency said on Monday.