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BP, Justice Department Close to Settlement in Deepwater Horizon Case; BP to...
Fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon April 21, 2010. Read the original here: BP, Justice Department Close to Settlement in Deepwater Horizon...
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BP Criminal Settlement Announced: $4.5 Billion Fine, 2 Charged With Manslaughter
Controlled burn of oil slick, May 19, 2010. (photo: U.S. The rest is here: BP Criminal Settlement Announced: $4.5 Billion Fine, 2 Charged With Manslaughter
View ArticleUBS “Rogue Trader” Convicted for Fraud
Kweku Adoboli, the “rogue trader” who cost UBS billions of dollars with a bad trade in 2011, has been found guilty by a British court on two counts of fraud, while being acquitted on four other counts...
View ArticleFormal Criminal Charge Filed in Florida Against Lorraine Brown, President of...
The US Attorney in the Middle District of Florida, Robert O’Neill, has submitted an information , basically a criminal charge without the use of a grand jury for the indictment, of Lorraine Brown, the...
View ArticleThe Lorraine Brown Case: Accountability for Fraudulent Document Preparers,...
The Justice Department has issued their formal press release in the plea arrangement with Lorraine Brown , the former President of fraudulent foreclosure document processor DocX, a division of LPS....
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First Libor Arrests Net Three Former Low-Level Traders
Despite rumblings, Royal Bank of Scotland and other banks still have not been sanctioned Lots of people are weighing in today on HSBC’s too big to jail status, and the fact that they scored a deferred...
View ArticleThe HSBC Money Laundering Case as a Perfect Symbol of Too Big to Fail
Maybe I was too blasé about the federal government letting HSBC off the hook ; certainly the story has effectively shown how Too Big to Fail continues to be the watchword of the financial regulatory...
View ArticleIn Bank Fraud, Responsibility Lies at the Very Top
The Office of the Comptroller of the Currency, which under the direction of Thomas Curry has been moderately more tough-minded against the banks, released a report that essentially admits that the big...
View ArticleFelix Salmon’s Unpersuasive Argument to Hold HSBC and Its Executives Harmless
It would be irresponsible for me to say that Felix Salmon probably cashed a nice check from the banking industry when he produced this defense of the US declining to prosecute HSBC for money...
View ArticleHolder's Sentencing Move Highlights Rare Bipartisan Issue – WIBW
(CBS) With Congress mired in gridlock over most significant issues, the Obama administration has stretched its executive muscle, taking unilateral action on a number of divisive issues like modifying...
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