Testifying today at a Senate Budget Committee hearing in Washington, D.C., Federal Reserve Chairman Ben Bernanke said the financial products division of major insurance company had been operated like a…
The federal Office of Thrift Supervision ignored inflated appraisals and lax lending standards that led to the failure of California-based IndyMac Bancorp, according to a report by the U.S. Treasury…
A whistleblower who pointed the finger at alleged $50 billion Ponzi scheme architect Bernard Madoff for many years before he was criminally charged claimed that Madoff’s claimed hedge fund investment…
The Obama administration hopes to boost securitization with a program of up to $1 trillion in low-cost loans and guarantees to the hedge funds and private equity firms that buy…
A Miami broker who worked for the Texas billionaire accused in an $8 billion fraud says he was forced to resign in 2003 after he raised questions about the returns…
In 2005, the U.S. Securities and Exchange Commission sent letters to holders of certificates of deposit at Stanford International Bank of Antigua, seeking information about how the instruments had been…
Many wealthy investors who put their money into the $50 billion Ponzi scheme Bernard Madoff allegedly operated under the guise of a hedge fund may have lost virtually all their…
The New York Stock Exchange referred a record 146 suspected cases of insider trading to the U.S. Securities and Exchange Commission last year, topping the previous year’s record by five…
Some financial institutions fearful of restrictions on federal bailout money are backing out of the Troubled Asset Relief Program or deciding not to apply.
Trying to warn the U.S. Securities and Exchange Commission about an apparent fraud being perpetrated by Bernard Madoff was not only frustrating but potentially dangerous, a whistle-blower reportedly plans to…
The federal Food and Drug Administration has opened a criminal investigation into a closely held Virginia-based company that has been blamed for a salmonella outbreak that allegedly sickened more than…
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