Sep 20, 2013

Investor matchmaking about to get easier in U.S.

Only a year after its launch, Anton Gelman’s young technology company secured its first round of investment in January and he is already laying the groundwork for a second, much larger injection of capital. His company, which provides a platform for freelance photographers and ...

Sep 20, 2013

JPMorgan to pay $920 million over loss, admits fault

JPMorgan Chase & Co. will pay $920 million for trading losses that shook the financial world last year. But the bigger price may be a few words rarely uttered in settlements with regulators: America’s largest bank is also admitting wrongdoing. JPMorgan’s acknowledged failure of ...

Sep 17, 2013

'London Whale' to cost JPMorgan $750 million

Authorities in the United States and Britain are set to hand down roughly $750 million in fines against JPMorgan Chase over the bank’s disastrous “London Whale” trading losses last year, according to people familiar with the negotiations. The settlements could be announced as soon ...

Sep 10, 2013

Swiss tax fraud deal with U.S. comes with risk

Switzerland is racing to end a bitter dispute with Washington over Swiss bank accounts held by U.S. tax dodgers, but observers warn the newfound peace could come at a high cost. The lower house of the Swiss parliament voted Monday in favor of a ...

Jul 29, 2013

China orders government debt audit

China will start a nationwide audit of government debt this week as the new Communist Party leadership investigates the threats to growth and the financial system from a record credit boom. The State Council, under Premier Li Keqiang, ordered the review, the National Audit ...

SAC Capital is charged in wire, securities fraud

Jul 26, 2013

SAC Capital is charged in wire, securities fraud

Federal prosecutors unveiled criminal charges Thursday against famed hedge fund SAC Capital, citing “institutional practices” that encouraged a culture of using inside information to gain illegal profits. The government charged SAC Capital with wire fraud and four counts of securities fraud. The indictment cites ...

Kochs use Web to slam critical reports

Jul 15, 2013

Kochs use Web to slam critical reports

by Paul Farhi

When environmental journalist David Sassoon began reporting about the billionaire Koch brothers’ interests in the Canadian oil industry last year, he sought information from their privately held conglomerate, Koch Industries. The brothers, who have gained prominence in recent years as supporters of and donors ...

U.K. government vows to jail reckless bankers

Jul 9, 2013

U.K. government vows to jail reckless bankers

The British government Monday pledged to jail bankers found guilty of reckless misconduct, backing a recommendation contained in a report written by a panel of cross-party lawmakers. The Parliamentary Commission on Banking Standards, established by the coalition government after the Libor rate-rigging scandal last ...

French court acquits Total in Iraq 'oil-for-food' case

Jul 9, 2013

French court acquits Total in Iraq 'oil-for-food' case

A French court on Monday acquitted energy giant Total, its chief executive, a former minister and more than a dozen other defendants of corruption charges in connection with Iraq’s oil-for-food program. The court ruled there had been no corruption, influence-peddling or misuse of assets ...