US federal prosecutors revive a 30 year old law to prosecute Wall Street banks that sold toxic loans in 2008.
Legal & Regulatory
Swiss rape victim gets justice in India
An Indian court sentenced six men to life in prison after raping a Swiss tourist. The six Indian men accused of raping a Swiss tourist in India was sentenced for life imprisonment yesterday.
Microsoft and Google partners against child pornography
After British Prime Minister David Cameron's urge, Google and Microsoft vowed to fight child pornography.
Wisconsin bill supports business financing and job creation
Wisconsin bill that supported business financing and job creation was signed by Gov. Scott Walker. Gov. Scott Walker signed a bill Thursday that supported business financing as well as the creation of jobs in Wisconsin.
Tax charges and a merger make Julius Baer's profit fall
Julius Baer's profit fall 30% due to tax charges and a merger. Julius Baer Group AG said its profits fell due to two pressing concerns. These were a merger for expansion and a UK tax treaty.
Latest News
Financial firms' physical commodity trading may come to an halt as the Fed reconsiders its policy on this.
US SEC was put under pressure for improper contractor vetting. The US Securities and Exchange Commission (SEC) was placed in a "hot seat" for failing to do a proper background check on 40 to 70 contractors.
Prime Minister Shinzo Abe created the “Abenomics” policy for Japan's stagnant economy. On Sunday, Japanese Prime Minister Shinzo Abe will find out whether his mandate to end the country's economic stagnation will push through.
A new patent filing to the US patent office showed that Apple developed technology for wireless dashboards.
A patent for bulk processing of liquid metal was issued to Apple's partner and affiliate. A patent issued to Apple excited iPhone fanatics and technology geeks all over the word this week.
Detroit's filing for bankruptcy may be traced to mismanagement and low tax revenue, according to analysts.
Pope Francis announced his intent to restructure the Catholic Church, including the Vatican Bank. The head of the Catholic Church spoke about reforming the entire structure of the religion, starting from the Vatican Bank itself.
America's Missing: Broadcast Emergency Response Alert triggered debates on the unnecessary interruptions it caused.
Mike Miller's salary pushed the Miami Heat's financial status towards luxury tax level, granting the team the power of amnesty.
