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By Jeff Greenblatt |
February 19, 2013
The U.S. economy comes into question as Wal-Mart sales disappoint. Is an already shaky stock market poised to react?
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By Mary Childs, Bloomberg |
February 15, 2013
McGraw-Hill Cos., the owner of the world’s largest ratings company, was downgraded by its biggest rival after the U.S. government filed a lawsuit that seeks as much as $5 billion in damages.
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By Gavin Finch and Liam Vaughan |
February 7, 2013
Interdealer brokers are emerging as key enablers in the Libor scandal after three firms paid a total of $2.6 billion for rigging global interest rates.
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By Gavin Finch, Lindsay Fortado and Silla Brush, Bloomberg |
February 6, 2013
Royal Bank of Scotland Group Plc, Britain’s biggest publicly owned lender, will pay about $612 million in fines for manipulating interest rates, the second- largest penalty imposed in a global regulatory probe.
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By Phil Mattingly and Edvard Pettersson, Bloomberg |
February 5, 2013
The U.S. is seeking as much as $5 billion in penalties from McGraw-Hill Cos. and its Standard & Poor’s unit as punishment for inflated credit ratings that were central to the worst financial crisis since the Great Depression.
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By Matt Robinson and Phil Mattingly |
February 4, 2013
McGraw-Hill Cos. tumbled the most in 25 years as the parent of Standard & Poor’s said it expects to be sued by the U.S. over inflated mortgage-bond rankings.
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By Gavin Finch and Liam Vaughan |
January 24, 2013
Christian Bittar reportedly lost about $53 million in bonuses after he was fired for trying to rig interest rates.
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By Gavin Finch, Lindsay Fortado and Liam Vaughan |
January 14, 2013
Royal Bank of Scotland may face as much as a 500 million pound ($804 million) fine next week to settle allegations traders tried to rig interest rates.
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By Cheyenne Hopkins, Bloomberg |
December 20, 2012
Senior U.S. lawmakers from both parties are seeking more criminal prosecutions for executives tied to financial-industry wrongdoing as the government reaches billion-dollar settlements with UBS AG and HSBC Holdings Plc.
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By Lindsay Fortado, Gavin Finch and Liam Vaughan, Bloomberg |
December 19, 2012
UBS AG’s $1.5 billion fine for rigging global interest rates expands the scandal to include bribery and highlights the influence of a trader in Tokyo who colluded with other banks to align their submissions.
