Banking, Finance & Services

In a Houston courtroom this week, former Enron CEO Jeffrey Skilling took the witness stand to plead his innocence, telling jurors that “My life is on the line.”
The CEOs of three-quarters of the world's 100 largest companies have just completed an uncomfortable weekend at the tiny Swiss ski resort of Davos, while their companies' share prices nosedived on global stock markets, amid concern that the U.S. economy is staggering towards recession.
Without enough money from their insurers to rebuild, homeowners are left with two choices: Give up and leave, or else rebuild by hand, using their savings to pay for labor and materials.
Conclusion to a new CorpWatch report that shines a light on the role of six major banks in Greece, Ireland and Spain in the EuroZone crisis that left borrowing countries deep in debt.
From research patents to high-stakes partnerships, Jennifer Washburn spent years researching the links between industry and the American University. In this exclusive interview with CorpWatch's Jennifer Borden, Washburn talks about what she found, why it matters and what you can do about it.
Four big scandals have come to light in as many months at big blue chip companies - Volkswagen, DaimlerChrysler, Infineon and Commerzbank. In each case, allegations of bribe taking, money-laundering and related crimes have led to the resignation of senior executives.
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.
Iraqi ministries will now be able to borrow billions of dollars to buy much-needed equipment from overseas suppliers, but only by mortgaging the national oil revenues through a bank managed by JP Morgan Chase.
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 (£13 million) a year salary. His was at least the 12th in a series of shareholder revolts against excessive compensation this spring.