Banking, Finance & Services
In many parts of California, moving merely across the street could cause drivers' car-insurance rates to go up. This is especially the case if the new address is in a zip code with an even slight increase in the percentage of black or Latino residents, a study has found.
This profile of Crédit Agricole 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.
This week, a Moscow court will issue a verdict in the tax fraud trial of billionaire Mikhail Khodorkovsky. While some critics argue that the charges are politically motivated, others question his innocence in the eyes of the West.
One of Germany's biggest banks is at the center of an intensifying money-laundering investigation into whether Russian telecommunications assets now worth hundreds of millions of dollars were diverted through a company set up by a longtime ally of Russian President Vladimir Putin.
SAC Capital is one of the most profitable hedge funds in history with $15 billion in assets averaging 30 percent in annual profits for 20 years running. Today Wall Street is watching nervously as U.S. government lawyers work on a case against billionaire founder Steven Cohen for insider trading.
Pharmaceutical giant Pfizer has agreed to pay a total of $60.2 million in penalties to U.S. government regulators to settle documented charges of bribery in eight countries: Bulgaria, China, Croatia, Czech Republic, Italy, Kazakhstan, Russia, and Serbia.
Activists have condemned Credit Suisse and VTB of Russia for lending $850 million to Mozambique in 2013 that was used mostly to buy military equipment, despite telling the public that the money would be used to buy fishing boats.
Politicians from all sides rounded on the state-supported Royal Bank of Scotland yesterday as the row intensified over the failed bank's apparent determination to share £1bn of bonuses among staff.
Greg Smith, a Goldman Sachs employee in London, has quit the company with a fiercely critical op-ed in the New York Times in which he accuses the Wall Street investment bank of losing its moral compass.
Bank of America has agreed to pay the government $9.65 billion to settle charges of misleading investors over mortgage lending in the run up to the 2008 financial crisis. The bank will also pay out an additional $7 billion to help borrowers and communities affected by the loans.