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?
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.
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.
Heidi N. Moore
Aug 6, 2012 The LIBOR rigging scandal extends beyond Wall Street. Local governments allege fake rates made budget shortfalls worse and hit public services.
Aug 2, 2012 The program in New York City is designed to keep young men from re-offending.
Jul 31, 2012 Janitors who clean the offices of some of the world's richest corporations in this Texas city are among the lowest paid in the country. They have been on strike this summer trying to raise the definition of a low-level wage.
Jul 31, 2012 Pfizer seems to be weathering the loss of its patent for Lipitor just fine. The drug company says its second quarter profit jumped 25 percent. That's despite lower revenue, and competition from generics for its cholesterol-fighting blockbuster.
Jul 31, 2012 The British oil company BP is reporting a sharp drop in profits. The company made just $238 million last quarter, compared with more than $5 billion a year ago.
Jul 30, 2012 Last week we spent plenty of breath on Sandy Weill, the former head of Citigroup. Back in the '90s, he fought for his and other banks to grow huge and complex. Then last week Weill goes on TV and says: "It's time to break up the big banks."