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By Dawn Kopecki, Bloomberg |
August 21, 2012
Wall Street, the global financial community reeling from public outrage, is proving incapable of finding a champion to replace Jamie Dimon.
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By Phil Mattingly, Bloomberg |
August 10, 2012
The U.S. Justice Department won’t pursue criminal charges against Goldman Sachs Group Inc. or its employees for allegedly concealing that the bank bet against mortgage-related securities that it sold to investors.
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By Greg Farrell and Lindsay Fortado |
July 26, 2012
The U.S. Justice Department is preparing to file charges this fall against traders from several banks in the global probe of interest rate-rigging.
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By Christopher Condon and Alexis Leondis, Bloomberg |
July 26, 2012
BlackRock Inc., Fidelity Investments and Vanguard Group Inc., firms that collectively manage more than $7 trillion, are gauging how their clients have been hurt by Libor manipulation.
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By Dakin Campbell, Bloomberg |
July 26, 2012
Visa Inc., the world’s biggest payments network, posted a fiscal third-quarter profit excluding legal costs that beat analysts’ estimates as card spending rose.
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By Jesse Hamilton and David Voreacos, Bloomberg |
July 17, 2012
HSBC Holdings Plc did business with firms linked to terrorism, failed to guard against money- laundering violations in Mexico and bypassed U.S. sanctions against Iran, according to U.S. Senate investigators.
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By David McLaughlin, Bloomberg |
July 16, 2012
Attorneys general in at least three states are conducting investigations tied to alleged manipulation of the London interbank offered rate, adding to probes by U.S. and U.K. authorities.
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By Jesse Westbrook and Liam Vaughan, Bloomberg |
July 6, 2012
Robert Diamond said a backlash that has led to the resignation of senior managers and erased $5 billion from the bank’s market value is a consequence of the lender being the first sanctioned for rigging interest rates.
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By Andrew Harris, Christine Harper and Lindsay Fortado, Bloomberg |
July 5, 2012
Barclays Plc investors, blindsided by the bank’s $451.4 million regulatory fine for trying to rig benchmark rates, saw the stock drop 16 percent a day later. Other bank shareholders may be just as surprised.
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By Jesse Westbrook and Liam Vaughan |
July 4, 2012
Robert Diamond, who quit as CEO of Barclays Plc, apologized for the “reprehensible” behavior at the bank that led to record fines for rigging interest rates.
