HOUSTON, July 2- BP Plc has reached an $18.7 billion deal with the U.S government and five states to settle litigation stemming from its deadly 2010 Gulf of Mexico oil well blowout and explosion that killed 11 men and unleashed the worst spill in U.S. history. It also seeks to resolve environmental and economic damage claims by Louisiana, Mississippi, Alabama,...» Read More
In an era where divorce tourism is becoming increasingly common, with the globe-trotting super-wealthy trying to split up wherever will give them the best deal, London has the potential to become the divorce capital of the world.
Greece must avoid debt restructuring and implement the austerity measures it has promised to introduce in order to shrink its budget deficit, French Finance Minister Christine Lagarde told CNBC on Monday.
The IMF said Friday it had put out incorrect information a day earlier about the pension benefits it will pay former managing director Dominique Strauss Kahn.
No matter how his legal case turns out, CNBC has learned that Dominique Strauss-Kahn will collect at least a quarter million dollars a year from the IMF in pension payouts for the rest of his life.
Former Diamondback Capital Management portfolio manager Anthony Scolaro's securities fraud case was unsealed Tuesday by the Department of Justice, revealing that he pleaded guilty in December.
Former Enron Chief Financial Officer Andy Fastow has been transferred to a Houston halfway house as he prepares to be released from prison later this year.
Unless the charges against Dominique Strauss-Kahn are dropped or proven untrue soon, the IMF may have no choice but to act to find a successor. And then the merry go round begins, writes CNBC anchor Ross Westgate.
Madoff prosecutors have filed a letter with the judge overseeing the case requesting Frank Dipascali's sentencing be delayed again due to his "active and ongoing cooperation" in the overall criminal investigation.
RAB the hedge fund that was the toast of London’s financial community in the boom, is poised to delist from the UK’s junior market amid a crippling wave of redemption requests from investors, reported the FT.
Hedge fund billionaire Raj Rajaratnam was convicted on all counts of insider trading today, with CNBC's Bertha Coombs; Tom Curran, Peckar & Abramson; and Joseph DiGenova, diGenova & Toensing.
The landmark guilty verdict against Raj Rajaratnam on 14 counts of insider trading sent a chill down Wall Street, causing hedge funds to rethink their use of so-called expert analyst networks and also ponder the impact of the historic decision on the implementation of the Dodd-Frank regulatory bill.
The "Mad Money" host explains how the Raj Rajaratnam case helped put an end to most insider trading on Wall Street.
Reaction to the guilty verdict at the Rajaratnam trial and today's market movers, with CNBC's Sharon Epperson and the Fast Money Traders.
Discussing the impact of the Rajaratnam guilty verdict on the hedge fund community and future investment strategies, with hedge fund investor, Jamie Dinan, York Capital chairman/CEO.
Insight on today's guilty verdict at the Raj Rajaratnam trial and its impact on the hedge fund industry, with Jonathan Urfrig, U Capital Group managing partner. Also, CNBC's Kate Kelly with an update on AIG's smaller than expected Re-IPO.
The long awaited trial of accused Ponzi schemer Allen Stanford has been set for September 12, according to a new scheduling order issued Tuesday by U.S. District Judge David Hittner in Houston.
Lenny Dykstra, an outfielder for the New York Mets and Philadelphia Phillies known by the nickname "Nails," has been indicted for bankruptcy fraud and embezzlement from the bankruptcy estate.
A federal grand jury in Houston has returned a new, 14-count indictment against alleged fraudster Allen Stanford, who was already accused in 2009 of running a $7 billion Ponzi scheme. But the new charges are unlikely to move the case closer to a trial.
CNBC's Scott Cohn reveals a new twist in the case against alleged ponzi schemer Allen Stanford.
The lawsuit that the United States has brought against Deutsche Bank, which accuses the German bank and its MortgageIT unit of misleading the US government over the quality of housing loans which received state guarantees, will dent the bank's reputation but is unlikely to deal it a significant blow, analysts told CNBC.