NEW DELHI (Reuters) – Punjab National Bank, India’s second-largest state-run lender, sought to soothe investors on Thursday after the discovery of a $1.77 billion scam at a single branch sent its shares plunging and raised fears about the scale of fraud in the... More »
FILE PHOTO: Rick Gates, former campaign aide to U.S. President Donald Trump, departs after a bond hearing at U.S. District Court in Washington, U.S., December 11, 2017. REUTERS/Joshua Roberts/File Photo WASHINGTON (Reuters) – A former senior official in Donald... More »
A pigeon flies past the logo of Punjab National Bank outside a branch of the bank in New Delhi, India February 15, 2018. REUTERS/Adnan Abidi NEW DELHI/MUMBAI (Reuters) – The Punjab National Bank branch in south Mumbai sits just down the road from both the Bomb... More »
People stand in front of the logo of Punjab National Bank outside a branch of the bank in New Delhi, India February 15, 2018. REUTERS/Adnan Abidi NEW DELHI/MUMBAI (Reuters) – Indian investigators raided the offices of jewelry retailer Gitanjali on Friday in a ... More »
FILE PHOTO: A man using a mobile phone passes the logo of global secure financial messaging services cooperative SWIFT at the SIBOS banking and financial conference in Toronto, Ontario, Canada, October 19, 2017. REUTERS/Chris Helgren/File Photo MAGNITOGORSK, R... More »
(Reuters) – British oilfield services provider Petrofac said its top management, including its chairman and executive directors, would be interviewed by Britain’s Serious Fraud Office (SFO) regarding an ongoing investigation into suspected bribery and corrupti... More »
FILE PHOTO: Nokian tyres are on display at the “Krepost” Toyota dealership in the Siberian city of Krasnoyarsk, Russia August 8, 2014. REUTERS/Ilya Naymushin/File Photo HELSINKI (Reuters) – Finnish police plan to launch a criminal investigation into options tr... More »
FILE PHOTO: A box of the Fentanyl-based drug Subsys, made by Insys Therapeutics Inc, appears in an undated photograph provided by the U.S. Attorney’s Office for the Southern District of Alabama. U.S. Attorney’s Office for the Southern District of Alabama/Hando... More »
BOSTON (Reuters) – Two former Morgan Stanley advisers have agreed to plead guilty to U.S. charges that they misused client funds to invest in a wind farm project they were involved with, federal prosecutors said on Wednesday. Federal prosecutors in Boston said... More »
FILE PHOTO: A man types on a computer keyboard in front of the displayed cyber code in this illustration picture taken on March 1, 2017. REUTERS/Kacper Pempel/Illustration/File Photo (Reuters) – Diebold Nixdorf Inc and NCR Corp, two of the world’s largest ATM ... More »
FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, DC, U.S., June 24, 2011. REUTERS/Jonathan Ernst/File Photo (Reuters) – The U.S. Securities and Exchange Commission filed an insider trading... More »
BOSTON (Reuters) – A self-proclaimed psychic was sentenced on Wednesday to 26 months in prison after admitting that she tried to avoid paying taxes on over $3.5 million that she received from an elderly Massachusetts woman seeking to cleanse herself of demons.... More »
BOSTON (Reuters) – A Massachusetts hedge fund manager pleaded guilty on Tuesday after prosecutors accused him of misusing millions of dollars from investors to pay for lavish personal expenses like a sports car and to engage in a Ponzi-like scheme. Yasuna Mura... More »
FILE PHOTO: Commuters pass by the front of the Bangladesh central bank building in Dhaka, Bangladesh on March 8, 2016. REUTERS/Ashikur Rahman/File Photo DHAKA (Reuters) – Bangladesh’s central bank has asked the Federal Reserve Bank of New York to join a lawsui... More »
Tezos co-founder and CTO Arthur Breitman and his wife and co-founder Kathleen Breitman respond to questions during the Money 20/20 conference in Las Vegas, Nevada, U.S. on October 24, 2017. REUTERS/Steve Marcus – RC1BF6690CD0 NEW YORK/ZURICH (Reuters) – The co... More »
FILE PHOTO: Norman Seabrook, the head of New York City’s prison guard union, exits the Manhattan District court house in New York, U.S., July 22, 2016. REUTERS/Eduardo Munoz/File Photo NEW YORK (Reuters) – A U.S. judge on Thursday ordered a mistrial in the cor... More »
U.S. Attorney General Jeff Sessions has asked Justice Department prosecutors to decide if a special counsel should be appointed to investigate certain Republican concerns, including alleged wrongdoing by the Clinton Foundation and the sale of a uranium company... More »
Bitcoin, whose value has fluctuated significantly this month, remains a "speculative" investment that thrives because of the cryptocurrency's anonymous nature, BlackRock Inc (BLK.N) Chief Executive Larry Fink said on Monday. More »
Saudi Arabia's Crown Prince Mohammed bin Salman's recent political purge raises concerns and remains unclear but does not appear to amount to mass arrests, U.S. Secretary of State Rex Tillerson told reporters on Friday. More »
A bank in Nepal is the latest victim in a string of cyber heists, though most of the stolen funds have been recovered, two officials involved in the investigation confirmed on Tuesday. More »
The U.S. government said it has begun distributing $772.5 million from a $4.05 billion fund to compensate victims of Bernard Madoff's Ponzi scheme, ending a nearly nine-year wait for thousands of people to start recouping their losses. More »
Special Counsel Robert Mueller pushed back on Sunday against Paul Manafort's efforts to avoid house arrest, arguing that President Donald Trump's former campaign manager needed to further detail the finances behind his proposed $12 million bail agreement. More »
Wells Fargo & Co is facing litigation over previously disclosed sales problems related to its auto lending and mortgage businesses, the bank disclosed in a regulatory filing on Friday. More »
A U.S. congressional committee on Thursday set a Nov. 2 deadline for the Puerto Rico Electric Power Authority (PREPA) to provide information related to its $300 million contract with a small Montana firm to repair damage to the utility's infrastructure caused ... More »
The billionaire founder of Insys Therapeutics Inc was arrested on Thursday on U.S. charges he participated in a scheme to bribe doctors to prescribe a fentanyl-based cancer pain drug, marking a step by authorities to fight the opioid epidemic. More »
Silicon Valley business software startup Zenefits and its co-founder Parker Conrad have been fined nearly $1 million by the U.S. Securities and Exchange Commission as part of a settlement over charges that they misled investors. More »
Kobe Steel Ltd is considering withdrawing its earnings forecast for this fiscal year as it struggles to quantify the impact of its data falsification scandal, Kyodo reported on Monday. More »
A Brazilian whose arrest led U.S. authorities to discover $17 million hidden under a mattress pleaded guilty on Thursday to charges that he tried to launder funds tied to one of the largest pyramid schemes ever. More »
The founder of an oil and gas networking website who pleaded guilty to hacking a rival site he had created and sold to DHI Group Inc was sentenced to one year and one day in prison on Friday. More »
A suburban New York hedge fund manager accused of losing or spending all but about $27,000 of the $21.8 million he told investors he had was criminally charged on Thursday with running a Ponzi scheme. More »
New Jersey on Thursday accused Insys Therapeutics Inc of engaging in a fraudulent scheme to boost sales of a fentanyl-based cancer pain drug, as Massachusetts announced a $500,000 settlement with the drugmaker to resolve similar allegations. More »
The chief executive of Canada's biggest lender on Thursday pushed back on a suggestion by JPMorgan (JP.N) Chief Executive Jamie Dimon that bitcoin is a fraud, though he said the cryptocurrency needs monitoring. More »
Former Illinois U.S. congressman Mel Reynolds was found guilty in federal court on Thursday for failing to file federal income tax returns, marking the latest legal trouble for the one-time Democratic Party rising star. More »
There is a widespread sense of fear hanging over consumers in the aftermath of the data breach at credit-monitoring firm Equifax revealed in early September that approximately 143 million consumers' personal and financial records were exposed. More »
Wells Fargo (WFC.N) Chief Executive Tim Sloan is due to testify before Congress on Oct. 3 as the bank deals with fallout from a sales scandal a year ago that continues to spark new revelations. More »
Insys Therapeutics Inc has agreed to pay $4.45 million to resolve a lawsuit by Illinois' attorney general claiming it deceptively marketed an addictive fentanyl-based cancer pain drug for off-label uses. More »
A 38-year-old Orlando woman who pretended to have terminal cancer and accepted donations when she lived in New York's Westchester County several years ago was arrested on Friday and charged with fraud, U.S. prosecutors said. More »
Wells Fargo & Co (WFC.N) is examining whether it caused unnecessary financial harm to customers through mortgage fees, frozen deposit accounts and "add-on" products like identity theft protection, the bank said in a U.S. securities filing on Friday. More »
Borrowers unwittingly charged for auto insurance when they took out car loans from Wells Fargo & Co asked a U.S. court on Friday to force the bank to help them repair their credit scores. More »
Republican Senator Jerry Moran said on Thursday he is seeking additional information on recent revelations that Wells Fargo & Co (WFC.N) enrolled unknowing borrowers in costly auto insurance, putting more pressure on the bank whose reputation is already marred... More »
U.S. Sen. Elizabeth Warren (D-MA) speaks as the Democratic party leadership unveils their “Better Deal” for America in Berryville, Virginia, U.S., July 24, 2017. U.S. Senator Elizabeth Warren called on Federal Reserve Chair Janet Yellen to remove members of We... More »
A U.S. judge has appointed a new receiver to oversee the unwinding of assets held by hedge fund firm Platinum Partners, after the first receiver resigned over disagreements with federal securities regulators. More »
FILE PHOTO: Brazil’s billionaire businessman Joesley Batista leaves the Federal Police headquarters after giving testimony, in Brasilia, Brazil June 21, 2017. REUTERS/Adriano Machado/File photo Bernal More »
Martin Shkreli, former chief executive officer of Turing Pharmaceuticals and KaloBios Pharmaceuticals Inc, departs after a hearing at U.S. Federal Court in Brooklyn, New York, U.S., June 26, 2017. REUTERS/Lucas Jackson Federal prosecutors on Monday asked a U.S... More »
A federal jury on Thursday delivered a mixed verdict for three former Nomura Holdings Inc traders accused by the U.S. Department of Justice of lying to customers about the prices of mortgage bonds they bought and sold. More »
Angel Rondon (R), Odebrecht’s commercial representative in the Dominican Republic, looks on to the judge’s ruling, following the hearing before Supreme Court Judge Francisco Ortega, for bribes paid by Brazilian construction company Odebrecht to obtain public w... More »
A former State Street Corp executive has agreed to plead guilty in connection with a scheme to defraud six clients through secret commissions on billions of dollars of trades, according to court papers filed on Tuesday. More »
A pair of elderly couples view the ocean and waves along the beach in La Jolla, California March 8, 2012. REUTERS/Mike Blake Thieves follow the money, and wealth accumulates as we age. But the aging brain is not always well-suited to financial decision-making ... More »
A Canadian suspected of involvement in a massive 2014 breach of Yahoo email accounts linked to Russia is appealing a decision to hold him in custody pending an extradition hearing, the man’s lawyer said on Friday. More »
FILE PHOTO: Michael Ovitz, co-founder of Creative Artists Agency and former Walt Disney Company president arrives for the the annual Allen and Co. media conference Sun Valley, Idaho July 7, 2015. REUTERS/Mike Blake/File Photo A former Los Angeles art dealer wh... More »
Jay Clayton is sworn in to testify at a Senate Banking, Housing and Urban Affairs Committee hearing on his nomination of to be chairman of the Securities and Exchange Commission (SEC) on Capitol Hill in Washington, U.S. March 23, 2017. REUTERS/Jonathan Ernst W... More »
Joseph Meli and his wife, Jessica Meli, exit U.S. Federal Court in Manhattan, New York, U.S., January 27, 2017, after Meli and Steven Simmons were charged with running a criminal Ponzi scheme that swindled investors in a purported ticket-reselling business for... More »
FILE PHOTO: Swift code bank logo is displayed on an iPhone 6s among Euro banknotes in this picture illustration January 26, 2016. REUTERS/Dado Ruvic/File Photo Interbank messaging service SWIFT, which is used to transfer trillions of dollars between banks ever... More »
The John Sopinka Courthouse, where Karim Baratov appeared in front of a judge, in connection with a U.S. Justice Department investigation into the 2014 hacking of Yahoo, is pictured in Hamilton, Ontario, Canada March 15, 2017 . REUTERS/Peter Power A Canadian j... More »
FILE PHOTO: Leon G. Cooperman, CEO of Omega Advisors, Inc., speaks on a panel at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 7, 2015. REUTERS/Rick Wilking/File Photo The billionaire hedge fund manager Leon Cooperman has asked a federal... More »
A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith Proxy adviser Glass Lewis on Tuesday recommended that Wells Fargo & Co shareholders vote against six directors at an upcoming annual meeting, in protest of improper sal... More »
FILE PHOTO: Leon G. Cooperman, CEO of Omega Advisors, Inc., speaks on a panel at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 7, 2015. REUTERS/Rick Wilking/File Photo A federal judge on Monday rejected billionaire hedge fund manager Leo... More »
Barry Cadden (L), the former president of New England Compounding Center, enters the federal courthouse in Boston, Massachusetts, U.S. March 16, 2017. REUTERS/Nate Raymond A federal prosecutor urged jurors on Thursday to find the co-founder of a now-defunct Ma... More »
South Korea is looking into share trading of 13 companies which are believed to be linked to possible presidential candidates ahead of an election in two months, the country’s financial watchdog said on Monday. More »
A Wells Fargo Bank is shown in Charlotte, North Carolina, U.S., September 26, 2016. REUTERS/Mike Blake Wells Fargo & Co (WFC.N) has taken further steps to restructure its retail banking business, demoting some senior executives within the bank, the Wall Street... More »
FILE PHOTO – The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, DC, U.S. on June 24, 2011. REUTERS/Jonathan Ernst/File Photo Entertainment featuring Bob Dylan, Paul McCartney, The Rolling Stones and eve... More »
Russia’s Deputy Central Bank Governor Vasily Pozdyshev speaks during an interview with Reuters in Moscow, Russia, September 20, 2016. Picture taken September 20, 2016. REUTERS/Sergei Karpukhin Russia plans to extend a review of bank licenses for another two ye... More »
More U.S. consumers complained about imposter scams than identity theft for the first time in 2016, as fraudsters relied more on the phone and less on email to find victims, the Federal Trade Commission said on Friday. More »
FILE PHOTO – The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst The U.S. Securities and Exchange Commission has decided not to appeal a court ruling that limited i... More »
A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. on February 10, 2015. REUTERS/Jim Young/File Photo Prudential Financial Inc, (PRU.N) the target of probes and lawsuits related to whether Wells Fargo & Co (WFC.N) retail bankers imp... More »
A woman walks past the logo of Swiss power technology and automation group ABB ahead of a news conference to present the company’s full-year results in Zurich, Switzerland February 8, 2017. REUTERS/Arnd Wiegmann Swiss engineering group ABB (ABBN.S) revealed th... More »
A Wells Fargo Bank is shown in Charlotte, North Carolina, U.S., September 26, 2016. REUTERS/Mike Blake Wells Fargo & Co has fired four mid-level executives and stripped them of bonuses and stock awards as a result of an investigation into improper sales practi... More »
Art dealer Eric Spoutz leaves the federal court in Manhattan, New York, U.S, February 16, 2017. REUTERS/Nate Raymond A Michigan art dealer was sentenced on Thursday to more than three years in prison for engaging in what prosecutors said was an extensive schem... More »
Michael Piwowar, Commissioner of the U.S. Secuirites and Exchange Commission, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2016. REUTERS/Lucy Nicholson Acting U.S. Securities and Exchange Commission Chairman Micha... More »
A combination photo shows Trevon Gross (L) in New York on February 1, 2017, and Anthony Murgio (R) in a Pinellas County Sheriff’s Office booking photo that was released on August 4, 2015. The two men were arrested in Florida on August 4, 2015. REUTERS/File Pho... More »
FILE PHOTO – Leon G. Cooperman, CEO of Omega Advisors, Inc., speaks on a panel at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 7, 2015. REUTERS/Rick Wilking A U.S. judge on Tuesday held off ruling on whether to throw out a government co... More »
A Connecticut hedge fund manager has pleaded guilty in a case linked to an alleged Ponzi scheme involving the resale of tickets for popular events, including smash Broadway musical “Hamilton.” More »
A former Morgan Stanley wealth manager in New Jersey has been criminally charged with stealing about $5 million from clients, and then going on a spending spree including private jet service, luxury cars, and country club memberships. More »
The father of a Florida man who prosecutors said operated an illegal bitcoin exchange avoided prison on Friday after pleading guilty in a case that stemmed from an investigation into a cyber breach at JPMorgan Chase & Co. More »
Men walk past a 1Malaysia Development Berhad (1MDB) billboard at the fund’s flagship Tun Razak Exchange development in Kuala Lumpur March 1, 2015. REUTERS/Olivia Harris/File Photo The Australian Federal Police (AFP) said on Tuesday they are working with intern... More »
Anthony Murgio arrives for a hearing at the Manhattan Federal Courthouse in New York, March 4, 2016. REUTERS/Brendan McDermid A Florida man pleaded guilty on Monday to charges that he conspired to operate an illegal bitcoin exchange, which prosecutors said was... More »
A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany September 30, 2016. REUTERS/Kai Pfaffenbach/File Photo Deutsche Bank’s pursuit of success on Wall Street has come at a high price, a $7 billion plus penalty illustrating the... More »
A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany September 30, 2016. REUTERS/Kai Pfaffenbach/File Photo A unit of Deutsche Bank AG conceded that it misled investors and violated securities laws and will pay more than $40 m... More »
A Gabonese man who prosecutors say acted as a “fixer” for a joint-venture involving the hedge fund Och-Ziff Capital Management Group LLC pleaded guilty on Friday to U.S. charges that he engaged in a foreign bribery scheme. More »
A sign for the Securities and Exchange Commission (SEC) is pictured in the foyer of the Fort Worth Regional Office in Fort Worth, Texas June 28, 2012. Picture taken June 28, 2012. REUTERS/Mike Stone A former Morgan Stanley broker who was barred from the securi... More »
The character of Po poses at the premiere of ”Kung Fu Panda 3” at the TCL Chinese theatre in Hollywood, California January 16, 2016. REUTERS/Mario Anzuoni A Massachusetts man was found guilty by a federal jury on Friday of back-dating drawings he relied on as ... More »
Republican presidential nominee Donald Trump arrives for his election night rally at the New York Hilton Midtown in Manhattan, New York, U.S., November 9, 2016. REUTERS/Andrew Kelly/File Photo U.S. President-elect Donald Trump has requested that a trial over a... More »
New York financier Lynn Tilton, (L) founder of private equity firm Patriarch Partners, exits the U.S. District courthouse with her lawyer Randy Mastro (R) in New York City, U.S., November 1, 2016. REUTERS/Brendan McDermid A lawyer for financier Lynn Tilton on ... More »
Hans Dieter Poetsch, chairman of the Volkswagen AG supervisory board, addresses a news conference at the headquarters in Wolfsburg, Germany, April 22, 2016. REUTERS/Hannibal Hanschke German prosecutors confirmed on Monday they are investigating Volkswagen AG’s... More »
A Wells Fargo bank is seen in Del Mar, California January 17, 2012. REUTERS/Mike Blake Wells Fargo & Co (WFC.N) has fired hundreds of employees with Wall Street licenses for improper sales practices, three U.S. senators said on Thursday. More »
Andrew Caspersen and his wife Christina Caspersen depart following his sentencing at the U.S. Federal Court in New York City, U.S., November 4, 2016. REUTERS/Brendan McDermid Former Wall Street executive Andrew Caspersen was sentenced on Friday to four years i... More »
New York financier Lynn Tilton, (L) founder of private equity firm Patriarch Partners, exits the U.S. District courthouse with her lawyer Randy Mastro (R) in New York City, U.S., November 1, 2016. REUTERS/Brendan McDermid Financier Lynn Tilton took the stand o... More »
New York financier Lynn Tilton arrives for an appeal hearing at the U.S. District courthouse in New York, September 16, 2015. REUTERS/Brendan McDermid Financier Lynn Tilton is set to go on trial next week before an administrative law judge on U.S. Securities a... More »
A Yahoo logo is pictured in front of a building in Rolle, 30 km (19 miles) east of Geneva, December 12, 2012. REUTERS/Denis Balibouse/File photo Yahoo’s disclosure that hackers stole user data from at least 500 million accounts in 2014 has highlighted shortcom... More »
Wells Fargo CEO John Stumpf testifies before the House Financial Services Committee on Capitol Hill in Washington, DC, U.S. September 29, 2016. REUTERS/Gary Cameron U.S. lawmakers called on Thursday for Wells Fargo & Co chief John Stumpf to resign and a top Ho... More »
The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst Och-Ziff Capital Management Group LLC will pay $412 million and CEO Daniel Och will pay $2.17 million to resolve... More »
The headquarters of Germany’s Deutsche Bank is photographed early evening in Frankfurt, Germany, January 26, 2016. REUTERS/Kai Pfaffenbach/File Photo Deutsche Bank (DBKGn.DE) will solve its problems without relying on help from Berlin, Germany’s flagship lende... More »
A Yahoo logo is pictured in front of a building in Rolle, east of Geneva, Switzerland December 12, 2012. REUTERS/Denis Balibouse/File Photo Yahoo Inc (YHOO.O) was sued on Friday by a user who accused it of gross negligence over a massive 2014 hacking in which ... More »
A Yahoo logo is seen on top of the building where they have offices in New York City, U.S., July 25, 2016. REUTERS/Brendan McDermid Yahoo (YHOO.O) on Friday faced pointed questions about exactly when it knew about a cyber attack that exposed the email credenti... More »
Wells Fargo CEO John Stumpf testifies before a Senate Banking Committee hearing on the firm’s sales practices on Capitol Hill in Washington, U.S., September 20, 2016. REUTERS/Gary Cameron Wells Fargo & Co Chief Executive John Stumpf, under fire over problemati... More »
Leon G. Cooperman Chairman, Omega Advisors, speaks on a panel discussion at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 9, 2013. REUTERS/Rick Wilking On Oct. 5, the U.S. Supreme Court will hear oral arguments on a question that has cre... More »
New York financier Lynn Tilton arrives for an appeal hearing at the U.S. District courthouse in New York, September 16, 2015. REUTERS/Brendan McDermid Lynn Tilton, the New York financier accused by the U.S. Securities and Exchange Commission of defrauding her ... More »
A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, February 10, 2015. REUTERS/Jim Young Wells Fargo has long been the envy of the banking industry for its ability to sell multiple products to the same customer, but regulators on Thursday... More »
Three men have been charged with fraud for allegedly selling horsemeat as beef in Britain in 2012, prosecutors said on Friday. More »
The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg The U.S. Securities and Exchange Commission fined 13 investment advisory firms on Thursday for spreading false claims made by the now-... More »
