JPMorgan settlement with SEC worth over $700M AP (November 04, 2009) WASHINGTON (AP) - JPMorgan Chase & Co. has agreed to a settlement worth more than $700 million over federal regulators' charges that it made unlawful payments to friends of public officials to win municipal bond business in Jefferson County, Ala.
NY prosecutors ask billionaire's bail stay high AP (November 04, 2009) NEW YORK (AP) - Federal prosecutors in New York say a billionaire hedge fund manager charged in a $25 million insider trading case must remain held under a $100 million bail because he has the money and the incentive to flee.
Bloomberg favored to win 3rd term as NYC mayor AP (November 03, 2009) NEW YORK (AP) - A year after Mayor Michael Bloomberg orchestrated a change to city law so he could run for a third term, voters decided Tuesday whether to keep the billionaire in office for another four years.
Whistleblower recounts money problems at Petters AP (November 02, 2009) ST. PAUL, Minn. (AP) - The longtime aide of a businessman accused of operating a $3.65 billion Ponzi scheme is testifying that he was struggling to find new money and hold off nervous investors.
Feds taking action against reverse mortgage lender AP (October 30, 2009) HONOLULU (AP) - The U.S. Department of Housing and Urban Development is taking action against a reverse mortgage lender in Hawaii.
Prosecutors: Madoff accountant to enter plea AP (October 30, 2009) NEW YORK (AP) - Disgraced financier Bernard Madoff's longtime auditor is expected to plead guilty next week in a cooperation deal, federal prosecutors told a judge Friday.
Calif. man pleads guilty in Swiss bank case AP (October 20, 2009) LOS ANGELES (AP) - A California man on Tuesday formally pleaded guilty to failing to report more than $1 million he transferred to a Swiss bank account.
NYC judge tosses suit against Biden's son, brother AP (October 19, 2009) NEW YORK (AP) - A judge has thrown out a lawsuit against Vice President Joe Biden's youngest son and brother over their 2006 purchase of a hedge fund firm, saying an investor failed to be specific enough in claiming that they underhandedly shoehorned him out of the deal.