GM 2013 pay exceeded bailout limit, watchdog says
The U.S. Treasury Department signed off on General Motors Co. pay packages that broke a pledge to cap cash salaries at $500,000 in most cases at companies bailed out by the federal government,...
View ArticleHolder’s legacy as financial crime fighter built in last year
Attorney General Eric Holder, who said last week he plans to leave office, spent the past year making up for lost time in an effort to hold banks accountable for their role in the 2008 financial crisis.
View ArticleCommentary: What the secret Goldman Sachs tapes uncover
The Ray Rice video for the financial sector has arrived.
View ArticleTrial over “rip-off” bailout of AIG starts
In Maurice “Hank” Greenberg’s telling, the $182 billion taxpayer bailout that saved American International Group Inc. and perhaps all of Wall Street during the 2008 financial collapse was a government...
View ArticleChicago lawyers were behind St. Louis company’s $17B deal
Sigma-Aldrich has a long history in St. Louis, with roots in the city dating to 1934, but in its recent merger with a German company, Sigma was represented by Chicago lawyers.
View ArticleJPMorgan hackers said to probe 13 other firms
The hackers who raided the data banks of JPMorgan Chase & Co. used computers now linked to possible attacks on at least 13 more financial companies, according to a person familiar with the...
View ArticleQuestions linger for executives in AIG trial
The trial over the American International Group Inc. bailout shifts this week from the architects of the 2008 rescue, who spent days testifying as to why they imposed the terms they did on the ailing...
View ArticleGM hit with record $10 billion lawsuit for losses
General Motors Co. was hit with its biggest lawsuit so far over serial recalls, brought on behalf of drivers of 27 million vehicles seeking more than $10 billion in compensation for fallen car prices.
View ArticleHealth-care law refutes prediction of corporate cost increases
Three years later, with the Patient Protection and Affordable Care Act in effect, none of the most dire predictions has come to pass.
View ArticleYellen says she’s ‘greatly’ concerned by growing inequality
Janet Yellen thrust the Federal Reserve into the debate on inequality in America, saying she’s “greatly” concerned by the most sustained rise in U.S. wealth and income inequality since the 19th century.
View ArticleFacebook’s Zuckerberg sues lawyers over bogus ownership case
Facebook Inc. and Chief Executive Officer Mark Zuckerberg sued DLA Piper LLP and other lawyers they claim colluded with Paul Ceglia in a fraudulent multibillion-dollar claim to half the social network.
View ArticleGM recall costs rise as lawsuits multiply
General Motors Co. said recall and car-loan charges for this year rose 8 percent to $2.7 billion, as the company is hit almost daily with new lawsuits over the call-ins.
View ArticleBofA’s mortgage settlement stalls over SEC policy fight
A final piece of Bank of America Corp.’s record $16.7 billion toxic-mortgage settlement is being held up by an internal fight at the U.S. Securities and Exchange Commission, said four people familiar...
View ArticleLawmakers said to discuss post-election deal to lock in tax cuts
Some U.S. lawmakers are exploring a post-election deal that would lock in permanent tax cuts for major corporations and low-income families.
View ArticleRecord Wall Street money flows to Republicans in pricey midterms
Most of America isn’t interested in this week’s elections. Wall Street is an exception.
View ArticleAIG lawyer has an upset shot in bailout case
Lawyer David Boies has a shot at an upset win in the trial of Maurice “Hank” Greenberg’s $25 billion bailout case against the U.S. government, a turnaround from the weak odds he was given just a month...
View ArticleIRS chief claims progress in stopping tax refund identity theft
The crime of stealing tax refunds through identity theft is “no longer exploding,” U.S. Internal Revenue Service Commissioner John Koskinen said Tuesday.
View ArticleEx-UBS banker’s acquittal shows tax prosecution difficulty
Raoul Weil, who once ran UBS AG’s global wealth-management business, was cleared at trial of tax conspiracy despite the bank’s historic admission in 2009 that it helped thousands of U.S. clients abuse...
View ArticleGM emails show failure to disclose under Barra
The disclosure of December emails by General Motors Co. shows that even after Mary Barra took over as chief executive officer, the automaker failed to disclose key information about its ignition-switch...
View ArticleCompanies make year-end lobbying push to curb NSA spying
Trade groups representing Facebook Inc., Microsoft Corp. and Apple Inc. are pushing the Senate to pass legislation limiting National Security Agency spying before the Republican majority takes control...
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