Banking, Finance & Services

Of two former Enron Corp. broadband executives to be retried on fraud and conspiracy charges in the wake of a hung jury last year, one faces prison and the other is free.
WASHINGTON -- So you have a secret craving for Little Debbie peanut butter bars and a penchant for Kendall-Jackson merlot? While that customer loyalty card at the supermarket might perceivably save you a few pennies at the checkout counter, your buying habits could end up in the hands of government agents.
The leader of one of India's largest technology outsourcing companies, Satyam Computer Services, on Wednesday admitted cooking its books and committing other grave financial wrongdoing to inflate profits over several years. The revelation shook India's stock market and sent shockwaves across the country's booming software industry.
This profile of Dexia is from CorpWatch's EuroZone Profiteers report which investigates the role of six major banks in Greece, Ireland and Spain during the EuroZone crisis. Loans from these banks helped fuel the credit boom that left the countries deep in debt.
Richard F. Scruggs, a Pascagoula lawyer who rose to prominence as he helped win a $250 billion settlement from the tobacco industry a few years ago, argues that in selling home insurance with many references to windstorms and hurricanes, Nationwide and other insurers led customers to believe that any hurricane damage - whether from wind or water - would be covered.
JP Morgan, the Wall Street bank, is negotiating to escape criminal prosecution for its role in the sub-prime mortgage crisis in return for paying the U.S. government roughly $3 billion, plus $6 billion to investors, and another $4 billion to compensate home owners.
As New York Attorney General Eliot Spitzer charges American International Group (AIG) executives with collusion in an insurance brokerage kickback scandal, a paper trail stretching back a decade reveals that AIG used offshore shell companies to skirt the law.
KPMG, the accounting firm under investigation for selling questionable tax shelters, will pay $456 million and accept an outside monitor of its operations under terms of an agreement with prosecutors that heads off an indictment of the firm, people briefed on the deal said yesterday.
American Insurance Group (AIG), the world's largest insurance company, considered suing the U.S. government over the terms of a massive $182 billion bailout that rescued it from almost certain bankruptcy.
Billionaire businessmen and lobbyists are lining up to help Donald Trump after his victory in the U.S. presidential election. Trump appears to be welcoming them with open arms, despite his claim to bring change to Washington DC and get rid of special interests.