DETROIT, July 26- Nissan Motor Co has expanded by 226,326 vehicles a recall of older models equipped with defective air bags made by Japan's Takata Corp, Nissan said in an amended filing posted Saturday by U.S. safety regulators.» Read More
Some of the nation’s large banks, according to economists and other finance experts, are like dead men walking, the New York Times reported.
Federal prosecutors say disgraced Florida hedge fund manager Arthur Nadel wrote letters home while he was fleeing from authorities last month, including one telling his family he "really anticipated" being labeled a "Mini-Madoff."
Exams for 18 or so of the biggest banks set to begin soon could lead to dramtic re-regulation of American finance.
Whistleblower Harry Markopolos, whose warnings about the Madoff scandal fell on deaf ears at the Securities and Exchange Commission for years, has provided the SEC's Inspector General with new information about an alleged "mini-Madoff" fraud that is still underway, CNBC has learned.
Hall of Fame pitcher Sandy Koufax. Actor Kevin Bacon. World Trade Center developer Larry Silverstein. All three have at least one thing in common: Their names appear on a list of several thousand clients who lost money investing with Bernard Madoff. The list has been made public in a court filing in U.S. Bankruptcy Court in Manhattan.
Hedge fund manager Arthur Nadel, arrested last week on fraud charges, has agreed to have his assets frozen.
Rep. Gary Ackerman (D-N.Y.) attacked SEC officials testifying before the House Financial Services committee for failing to detect Bernie Madoff’s $50 billion Ponzi scheme on Wednesday.
Nicholas Cosmo, the Long Island man accused of running a $370 million dollar Ponzi scheme, remains jailed following a bail hearing today.
As Bernard Madoff awaits his fate inside his Manhattan penthouse, he is getting a new crew to keep him safe.
A Florida hedge fund manager who disappeared this month just as he was due to pay investors $50 million turned himself in to authorities Tuesday to face federal securities and wire fraud charges.
The court-appointed receiver in the case of missing hedge fund manager Art Nadel says Nadel has been defrauding investors since at least 2003, "and in all likelihood before then."
Several dozen employees, who work in the legitimate branch of Bernard Madoff's firm, are being laid off, according to The Wall Street Journal.
Federal law enforcement agents have tracked missing Sarasota hedge fund manager Arthur G. Nadel to Slidell, La., through cell phone records, according to a report in the Sarasota Herald-Tribune, which cited sources close to the investigation.
America's demand for crude oil fell to its lowest level since 2003 last year, as record high prices to start the year and an ailing economy at the end of 2008 combined to sharply curtail consumption, new statistics show.
The head of Europe's biggest economy said Thursday that world leaders should be looking at the massive U.S. deficit and other economic imbalances, not just problems caused by financial markets, as they debate a new global order.
The investigations into Bernard L. Madoff are expanding into offshore tax havens, the New York Times reported.
Two months before IndyMac Bancorp collapsed in July, at a cost of $8.9 billion to taxpayers, a top federal banking regulator allowed the bank to backdate a capital infusion and gloss over its deepening problems, the New York Times reports.
As the Securities and Exchange Commission begins an internal examination into how it missed the red flags of one of the largest frauds in history, it will inevitably discover that Bernard L. Madoff was a Wall Street pioneer who over the last 20 years alternately impressed and infuriated the agency’s top policy makers, the New York Times reports.
Consumers will be shielded from increases in interest rates on existing account balances on their credit cards under new rules being adopted by federal regulators.
Many of those who say they were victimized by long-time investor Bernard Madoff's alleged "Ponzi" scam are up in arms that the Securities and Exchange Commission, Wall Street's top cop, didn't crack down on his activities sooner.