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British financier Guy Hands is engaging in "legal tourism" by pursuing a U.S. lawsuit accusing Citigroup Inc bankers of defrauding him into overpaying for music company EMI Group Ltd, and his case should be dismissed because it does not belong in the
Economic historians debate the causes of the Great Depression from the gold standard to the Smoot-Hawley Tariff Act but few assign much blame to criminal fraud...When bank failures crippled Chicago in 1933, local prosecutors hunted for guilty parties.
A former technology analyst at expert networking firm Primary Global Research LLC avoided jail time on Thursday after a judge praised his "very substantial assistance" in cooperating with a government insider-trading investigation. Bob Nguyen , 34,
A federal judge has ruled that a New York State law that bans merchants from imposing surcharges on customers who pay by credit card is unconstitutional. More News Manhattan federal Judge Jed Rakoff ruled Thursday that the law violates merchants'
A federal judge on Thursday blocked enforcement of a New York state law that subjects retailers to criminal penalties if they impose surcharges on customers who choose to pay by credit card rather than cash...District Judge Jed Rakoff in Manhattan
The reckoning for Wall Street's sins, while still in the early phases, may finally be at hand. And some analysts and officials point to three figures in New York and Washington who have been at the forefront of the effort: a prosecutor, a judge and a
Chip Somodevilla/Getty Images Jamie Dimon, chief of JPMorgan Chase. Last week, JPMorgan Chase agreed to pay $920 million to settle civil allegations brought by the Securities and Exchange Commission and other regulators in connection with a
organ's Chief Investment Office grew into the billions. While these losses mounted, the bank failed to provide regulators and investors an accurate picture of the extent of these losses. In August, the government brought a criminal action against two
New York 's state banking regulator has ordered local branches of half a dozen European banks to turn over details of their transactions with a Jordanian bank, along with documents related to Turkey's Uzan family, the subject of a series of legal
Select a date range Create a custom date range From: To: Bloomberg News August 27, 2013 , 4:41 p.m. Bank of America Corp. must face a trial next month in a lawsuit alleging that its Countrywide unit defrauded Fannie Mae and Freddie Mac by selling