A culture shift is still needed to reconnect finance with the real economy.
White Collar Crime
U.S. Regulators File Charges Against Hedge Fund Billionaire Steve Cohen
The SEC is seeking to bar the reclusive hedge fund titan from managing investor funds.
Breaking Securities Laws? You Don’t Really Need To Apologize
Just two months into her tenure as head of the Securities and Exchange Commission, Mary Jo White is making waves by questioning the agency’s long-standing policy of not requiring admissions of guilt when settling with financial wrongdoers.
Bank Robbers Going the Way of Blacksmiths?
Perhaps there really is no such thing as easy money. Based on declining bank robbery statistics, criminals seem to be realizing that it’s hard to make a living by following in the footsteps of Bonnie and Clyde.
‘Developer Bob’ and His Illicit Work-Around: What’s Wrong with Outsourcing Your Job to China?
I’m hardly the only American worker who has spent precious moments of work time in the past few days fantasizing about outsourcing his or her job. Why a lot of people are hailing the mysterious Developer Bob as a 21st century labor hero
LIBOR Scandal: Yep, It’s as Bad as We Thought
Banking’s Really Bad Day
Four years on from the financial crisis, new banking scandals still seem to break out every few months. But this week has been particularly bad for the industry. There was HSBC’s $1.9 billion settlement with the U.S. Justice Department over laundering money for Latin American drug cartels and helping countries like Iran, Cuba, Sudan, …
Can the Federal Government Really Deter Insider Trading?
It’s been two decades since Michael Milken, a.k.a. the junk-bond king, pleaded guilty to securities fraud following a blockbuster insider-trading investigation that shined a light on bad Wall Street behavior during the go-go …
Who’s to Blame for Hewlett-Packard’s Multi-Billion Dollar Autonomy Debacle?
The fallout from Hewlett-Packard’s purchase of software company Autonomy, which has turned into a multi-billion dollar debacle, keeps getting worse. Last week, after a several-months-long investigation, H.P. announced an $8.8 …
SAC Capital: Feds Are Probing Insider Trading Scandal
SAC Capital, the giant hedge fund run by billionaire Wall Street titan Steven A. Cohen, informed its clients on Wednesday that the firm is under investigation by the Securities and Exchange Commission, according to multiple …
Insider-Trading Scandal: Are the Feds Closing In on Billionaire Hedge-Fund Mogul Steven Cohen?
Billionaire hedge-fund titan Steven A. Cohen, one of the most high-profile and controversial Wall Street figures of the past decade, has been implicated in what federal officials are calling “the largest insider-trading case ever …
LIBOR Rigging: What the Regulators Saw (but Didn’t Shut Down)
Why weren’t the first signs taken more seriously? Has there been a serious failure of regulation, or are there strong mitigating circumstances that could explain and justify the lack of resolute action?