Economy & Finance

Women edge out men in handling credit: Experian

Published 22/05/2013

(Reuters) - When it comes to managing credit, American women have a slight edge over men, according to a study of credit reports by the [more…]

Prosecutors consider using racketeering law against SAC: source

Published 21/05/2013

NEW YORK (Reuters) - Prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider [more…]

Tax official at center of scandal won’t testify: lawyer

Tax official at center of scandal won’t testify: lawyer

Published 21/05/2013

WASHINGTON (Reuters) - Lois Lerner, the Internal Revenue Service official at the center of a scandal about the targeting of conservative groups for extra tax [more…]

Dish eyes LightSquared’s Spectrum for $2 billion – Bloomberg

Published 20/05/2013

(Reuters) - U.S. satellite company Dish Network Corp has offered to buy bankrupt broadband company LightSquared Inc's radio frequencies for $2 billion, Bloomberg said, quoting [more…]

Attention shifts to White House in IRS probe

Attention shifts to White House in IRS probe

Published 20/05/2013

WASHINGTON (Reuters) - Two senior aides to President Barack Obama knew weeks ago about a watchdog report on the U.S. Internal Revenue Service targeting of [more…]

Prosecutors’ subpoena of SAC’s Cohen puzzles defense lawyers

Published 20/05/2013

NEW YORK (Reuters) - The decision by prosecutors to compel Steven A. Cohen to testify before a federal grand jury about allegations of insider trading [more…]

Citi names new heads of mortgages, private bank, Citi Holdings

Published 20/05/2013

NEW YORK (Reuters) - Citigroup Inc Chief Executive Michael Corbat named Jane Fraser as the new head of the bank's mortgage business on Monday ,as [more…]

SEC review of brokerages use of arbitration not seen in 2013

Published 20/05/2013

WASHINGTON (Reuters) - Wall Street brokerages' use of mandatory arbitration clauses merits a regulatory review, but the Securities and Exchange Commission will not have time [more…]

White House says counsel told April 24 of preliminary IRS findings

White House says counsel told April 24 of preliminary IRS findings

Published 20/05/2013

WASHINGTON (Reuters) - The White House acknowledged on Monday that its counsel was told on April 24 about the preliminary findings of an IRS audit [more…]

StanChart to buy Morgan Stanley India wealth management arm

Published 20/05/2013

(Reuters) - Standard Chartered has agreed to buy the Indian wealth management unit of Morgan Stanley, helping the British bank expand its private banking business [more…]