The subpoenas are aimed at a US $4.7 bn facility provided by China Development Bank, ICBC and BOC to finance the construction of two hydroelectric dams in Patagonia and a US $2.1 bn loan from China Development Bank and ICBC to finance the Belgrano Cargas railway project.» Read More
As Democrats have struggled to achieve bipartisan support on a health care reform bill, their one hope may come from Senator Olympia Snowe, Republican from Maine.
The debate over a tax on sugary soft drinks — billed as a way to fight obesity and provide billions for health care reform — is starting to fizz over. President Obama has said it is worth considering. The chief executive of Coca-Cola calls the idea outrageous.
The SEC will discuss rules to improve oversight of the credit rating industry as well as a proposed ban on flash trades—or buy and sell orders that exchanges send to a specific group of participants before revealing them publicly.
Treasury officials want to require the corporate owners of the nation’s 41 industrial banks to accept more rigorous regulation or be forced to sell or shut them down.
When Congress passed an $8,000 tax credit for first-time home buyers last winter, it was intended as a dose of shock therapy during a crisis. Now the question is becoming whether the housing market can function without it.
No one can know exactly what Finn M. W. Caspersen, a prominent philanthropist and the heir to the Beneficial Corporation fortune, was thinking when he decided to take his life on Labor Day. But he apparently harbored a secret: He was suspected of dodging many millions in federal taxes.
Tips for cultivating marijuana. Testimonials by patients about its medical benefits. Cannabis cooking lessons. Even citations for award-winning strains of pot. Viewers here can now watch, every week, what amounts to a pro-weed news program.
Authorities have ruled out foul play in the death of a financier accused of using millions of dollars from international investors to fund a lavish lifestyle complete with vacations and personal jets.
Machete-wielding police officers have hacked their way through billions of dollars worth of marijuana in the country's top pot-growing states to stave off a bumper crop sprouting in the tough economy.
“I think it’s unraveling,’ says former FDIC Chairman William Isaac. “It is hard for me to see how this legislation gets done this year.”
Banks and credit unions have long pitched debit cards as a convenient and prudent way to buy. But a growing number are now allowing consumers to exceed their balances — for a price.
"Hillary: The Movie" is returning to the Supreme Court for a limited engagement and with the chance to overhaul laws governing federal campaigns ranging from the White House to the halls of Congress.
A recent court ruling that forced two ratings companies to defend fraud claims is a "game-changer" for the industry, said David Einhorn, head of Greenlight Capital.
Prospects for a government insurance plan appeared to be sinking fast Tuesday as lawmakers returned to Capitol Hill a day ahead of a major health care speech by President Obama.
As we approach the anniversary of some of the most cataclysmic failures in our economic history, we appear to be in perhaps no better position to manage the failure of an investment bank, a hedge fund or an insurance company than we were before.
Britain's financial watchdog fined Barclays 2.45 million pounds ($4 million) on Tuesday for failing to provide accurate transaction reports and "serious weaknesses" in control systems in two of its divisons.
Bobbi Giguere had no luck in securing a loan modification fromWells Fargo, even though she had sent the bank the financial documents it requested. Then, something happened. She questioned a Wells Fargo official about the bank’s lack of response — under oath.
Chinese authorities say the arrests of numerous business executives are part of an anticorruption campaign. But analysts say they're the outgrowth of power struggles within the Communist Party to weaken rivals and their corporate supporters.
A global crackdown on bank secrecy and offshore tax havens is gaining steam due to the worldwide financial crisis, the head of the OECD told CNBC.
The watchdog of the Securities and Exchange Commission has found that three agency exams and two investigations of Bernard Madoff's business were incompetent, despite ample warnings of the multibillion-dollar fraud.