Tag:
scandals
Latest Headlines
Latest Headlines
Mid-level managers slammed for role in foreclosure fiasco
We've certainly had a lot of regulatory agencies and investigators look at the foreclosure fiasco with obvious questions in mind: How could banks end up engaging in such widespread fraud?
Lack of criminal prosecutions a lingering issue
Banking industry critics have been focused on the dearth of prosecutions, especially criminal prosecutions, in the wake of the mortgage meltdown. Reuters has weighed in with a long look at this
MF Global update: $1.2 billion may be missing
The trustee in charge of the liquidation of MF Global has issued a release noting that even if he recovers "everything that is at US depositories, the apparent shortfall in what MFGlobal management
Profile: Michael Kimelman goes to jail
With all eyes on the sentencing of convicted insider trading mastermind Raj Rajaratnam, it's easy to overlook some of the less media-genic but equally compelling human-interest stories that have
SEC targets quant funds
Back when the industry trading scandals were white hot, there was a little bit of Schadenfreude emanating from the algorithmic crowd. These quant-oriented funds were quick to point out that they
Steven Cohen, SAC Capital roll on despite high stakes
It's pretty obvious that hedge funds tainted by insider scandals face a rocky road to survival. An extreme example is Galleon, which pretty much imploded when founder Raj Rajaratnam was arrested on
Is the expert network industry cooked?
It doesn't take much to ruin a fledgling expert network research company. The taint of a an insider trading probe is more than enough to send clients scurrying. Consider Lerrink Swann, of Boston,
End of CDO investigation nears?
We have suggested there might be some sort of global settlement to the CDO abuse probe that as of yet has produced no criminal charges. We indicated it might be similar to the settlement of the
A new era dawns at CalPERS
CalPERS, the giant California pension, stands as an apt symbol for the entire public pension fund system ( pension fund news), which will soon face some stark decisions on its inability to keep assets
Tourism: Cashing in on Wall Street rogues
Annaline Dinkelmann, a former employee at Morgan Stanley ( NYSE: MS ), has been running an interesting business since 2006: she offers Wall Street Walks, narrated walking tours of the financial
