Banking, Finance & Services
KPMG, the fourth biggest accounting firm in the world, has announced that it has fired Scott London, one of its top partners. New reports indicate that London was let go for providing insider information on two companies - Herbalife and Skechers.
Rendon Group Wins Hearts and Minds in Business, Politics and War The Rendon Group is a consulting firm whose services range from creating "a favorable environment before privatization begins" to helping justify war. Rick Rendon, a founding partner talks to CorpWatch about his latest project, "Empowering Peace."
A criminal saga that began in December with a string of superlatives - the largest, longest and most widespread Ponzi scheme in history - ended the same way on Monday as Bernard L. Madoff was sentenced to 150 years in prison, the maximum for his crimes.
Kenichi Watanabe and Takumi Shibata, the CEO and chief operating officer of Nomura, have resigned over several recent insider trading scandals at the Japanese multinational conglomerate. The revelations are the latest in a series of events that have shone a welcome spotlight on seamier side of the financial industry.
Did a few individual traders in London conspire to rig global interest rates in order to enrich themselves or were they just pawns in an ongoing conspiracy by major banks designed to routinely skim billions from the international financial system?
The top 40 highest-earning hedge fund managers took home a combined $13.2 billion, according to a Forbes magazine survey. The top 10 hedge fund managers made more than $200 million each, while the lowest earning managers made $40 million each.
Two Spanish lawyers have launched a campaign on social networking sites to prise out information about Euribor, the reference interest rate used for calculating mortgage payments in Spain, and to draw attention to the lack of transparency surrounding the way the rate is set.
The U.S. Congress saw no progresses toward corporate accountability and reining in corporate influence over public institutions in 2013, according to the newly released Corporate Accountability Coalition (CAC) Congressional Report Card.
Sean M. Berkowitz and a small group of government lawyers will be in the spotlight in the Jan. 30 trial of Enron's former leaders. The case is the capstone in the cleanup after an era of business misconduct that left investors billions of dollars poorer. The outcome could shape the public's -- and history's -- judgment of how effective it was.
China Security and Surveillance Technology, a fast-growing company that installs and sometimes operates surveillance systems for Chinese police agencies, jails and banks, has just been approved for a listing on the New York Stock Exchange. The company's listing is just a sign of ever-closer ties among Wall Street, surveillance companies and the Chinese government's security apparatus.