A confirmed managing director at Goldman Sachs was charged with rape and released on bail. A managing director at Goldman Sachs New York was charged with the rape of a 20 year old woman while on vacation at the upscale Hamptons over the week.
Legal & Regulatory
Argentina loses appeal in a US court
Argentina lost an appeal in a 2nd district circuit court in New York and deemed to wait until the US Supreme Court had finished reviewing their case.
Feds seize another USD2.1 million from Mt. Gox
Mt. Gox's financial worries further increased after the US Department of Homeland Security took USD2.9 million from its Dwolla account and another USD2.1 million worth of frozen assets from the company's Wells Fargo accounts.
JPMorgan evaluates dealings with foreign banks
JP Morgan Chase & Co. said that it would halt receiving any new businesses from foreign banks neither would it accept new clients.
AIG gets USD905 Million from Brookfield in rate-swap clash
American International Group Inc. (AIG) would get a hefty USD905 million settlement from Brookfield Asset Management to resolve a dispute tied to interest rate swaps.
Latest News
The corruption trial of former politician Bo Xilai showcased the extent and pervasiveness of corruption in China.
The recent NASDAQ shutdown showed to all the vulnerabilities of the US Stock Market. The recent technological breakdowns have exhibited the vulnerability of the US stock market to these kinds of issues and glitches.
Former New England Patriot Aaron Hernandez was indicted for murder and stands to lose over USD39 million of salary and bonuses.
Ex-SAC Capital fund manager Mathew Martoma was charged with insider trading after having received tips from a source identified as "Doctor-2".
Extraordinary Chambers in the Courts of Cambodia (ECCC) was to receive USD4 million as part of the international donor component of its finances.
NHTSA issues statement to counter Elon Musk of Tesla's claim that the Model S is the 'safest car ever.'
Jesta Digital LLC would refund its clients and pay USD1.2 million to the Federal Trade Commission over claims that Jesta included unwarranted fees to consumers' cellphone bills.
US District Judge Samuel Conti dismissed a court case filed by the shareholders of Netflix Inc due to failure to resolve shortcomings.
L'Oreal's planned expansion into China's beauty markets had been burdened with complications as the country mandates animal testing for every new product introduced to Chinese consumers.
