Banking, Finance & Services
Nearly 440 letters, mostly complaints, have been sent to a U.S. banking regulator since Home Depot Inc. announced plans in early May to buy a home-improvement lender.
Martin Sorrell, CEO of WPP, the global ad agency, was defeated in his attempt to get shareholders to approve his $20 million (Â£13 million) a year salary. His was at least the 12th in a series of shareholder revolts against excessive compensation this spring.
The majority of the U.S. Congress took no action at all in 2014 in favor of holding corporations accountable and reining in corporate power - scoring a zero on the newly released Corporate Accountability Coalition (CAC) Congressional Report Card.
In the last two years, Robert K. Steel has been co-chairman of one commission that claimed heavy-handed regulation was stanching financial innovation and another that argued that hedge funds could police themselves.
U.S. investigators of bankrupt MF Global Holdings Ltd. have yet to determine after four months of probing whether enough evidence exists to pursue a criminal case. The company collapsed after a $6.3 billion bet on the bonds of some of Europe's most indebted nations went sour. When the
A whistleblower who previously worked for Ernst & Young, the international auditing firm, has alleged that his bosses turned a blind eye to discoveries that Kaloti Jewellery International - one of the world's biggest gold companies - dealt in minerals from undocumented sources that may have included conflict zones.
A lawyer for Jeffrey K. Skilling, a former Enron chief executive, tried Wednesday to portray the head of the company's broadband unit as an out-of-touch manager who was criticized for his free-spending ways and did not even know how many employees were working under him.
An independent ombudsman has confirmed that World Bank officials should have raised serious questions before the International Finance Corporation (IFC) - the private sector arm of the World Bank - approved a $30 million loan to CorporaciÃ³n Dinant in Honduras in 2009 for palm oil plantation projects.
This profile of Depfa/Hypo Real Estate is from CorpWatch's EuroZone Profiteers report - a study of the 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 borrowing countries deep in debt.
West African cotton farmers are among those hardest hit by government subsidized corporate agriculture. This week in Hong Kong, trade ministers from the 148 members of the World Trade Organization meet to discusss this and other global free trade issues.