Wells Fargo fails to end U.S. mortgage fraud lawsuit
NEW YORK/WASHINGTON (Reuters) - A federal judge has rejected Wells Fargo & Co's bid to dismiss a U.S. government lawsuit accusing the nation's largest mortgage lender of fraud, a victory...
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U.S. can pursue case against Bank of America over mortgages
(Reuters) - A federal judge ruled on Wednesday that the United States can pursue parts of a civil lawsuit against Bank of America Corp over its sale of toxic mortgages...
Two former prosecutors named to head U.S. SEC enforcement
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission has named two former federal prosecutors as co-heads of enforcement, in one of new agency chief Mary Jo White's first actions...
Lawmakers lambast Fed, others for hiding behind “trade secrets”
WASHINGTON (Reuters) - Two Democratic lawmakers lambasted federal regulators whom they accuse of using an obligation to protect bank "trade secrets" as an excuse not to hand over details of...
Ex-JPMorgan executive tries to dodge harpoon of “whale” losses
WASHINGTON (Reuters) - Ina Drew, the former JPMorgan Chase & Co executive who earned millions while in charge of the unit that made the disastrous "London whale" trades, refused on...
U.S. business seeks more clarity on foreign bribery law
WASHINGTON (Reuters) - U.S. business groups on Tuesday renewed their campaign to amend an anti-foreign bribery law, suggesting authorities should give companies additional defenses against criminal charges. The U.S. Chamber...
Nominee to SEC chair vows to avoid conflicts of interest
WASHINGTON (Reuters) - President Barack Obama's nominee to lead the Securities and Exchange Commission pledged to stay away from any matters involving her old law firm or former clients for...
Justice Department, states weigh action against Moody’s
(Reuters) - The Justice Department and multiple states are discussing also suing Moody's Corp for defrauding investors, according to people familiar with the matter, but any such move will likely...
Court rules Obama’s appointments unconstitutional
(Reuters) - A federal appeals court ruled on Friday that President Barack Obama violated the U.S. Constitution when he used recess appointments to fill a labor board, in a sweeping...
Court rules Obama’s appointments unconstitutional
(Reuters) - A federal appeals court ruled on Friday that President Barack Obama violated the U.S. Constitution when he used recess appointments to fill a labor board, in a sweeping...