Pages
States pursuing banks on LIBOR rate rigging
Heidi N. Moore Aug 16, 2012
The attorneys general of New York and Connecticut have sent subpoenas to several banks, including JPMorgan Chase and Citigroup. When it comes to banking scandals, it's state regulators who are out in front.
The shift from pro-market to pro-business
Jeff Horwich Aug 16, 2012
In the midst of the U.S. financial crisis, the economist Luigi Zingales became known for hyping a "managed bankruptcy" for the big banks. That way the banks' private investors, creditors and executives would bear most of the costs of their bad investments.
LIBOR scandal reaches major U.S. banks
Jeff Horwich Aug 16, 2012
The other shoes have finally dropped in the LIBOR investigation. Seven other shoes, in fact. Attorneys general in New York and Connecticut have subpoenaed seven of the world's biggest banks, including Citigroup and JPMorgan Chase here in the U.S.
States investigate JPMorgan, Citigroup, and others over LIBOR
Heidi N. Moore Aug 16, 2012
today, there's word that a number of other banks -- including JPMorgan Chase and Citigroup -- are being subpoenaed by regulators in New York and Connecticut. It's all about charges that the banks rigged an interest rate called LIBOR.
Standard Chartered shares up after settlement
Heidi N. Moore Aug 15, 2012
Standard Chartered was on the brink of going to court because of allegations that it hid thousands of financial transactions with Iran. Instead, the bank settled without admitting any wrongdoing.
Three steps to boost investor confidence
Chris Farrell Aug 10, 2012
Banks are still huge, financial scandals still break -- even after the recession revealed flaws in the financial system. A commentator gives his short-and-sweet solution.
Standard Chartered diverges from other bank scandals
Christopher Werth Aug 9, 2012
The scandal over British bank Standard Chartered is taking some interesting turns. This week New York's financial regulator charged the bank with concealing transactions for Iranian clients -- breaking U.S. sanctions against Iran. Standard Chartered could lose its New York license, which would be devastating.
U.S. proves popular for money laundering
Sally Herships Aug 7, 2012
Standard Chartered denies passing Iranian funds through the U.S. But after other laundering cases, why is the U.S. popular for cleansing money?
Standard Chartered bank struggles against scandal
Christopher Werth Aug 7, 2012
Shares of the British bank Standard Chartered are tanking in London this morning -- down some 25 percent.
New York financial regulators say the bank concealed billions of dollars of illegal transactions for Iranian customers.
Standard Chartered shares down following Iran allegations
Karen Hoggan Aug 7, 2012
Standard Chartered could soon have its banking license revoked in the nation's financial center, because of allegations that the bank has been hiding tens of thousands of secret transactions with Iran.
