DOJ Files Lawsuit Against Bank Of America Over $850M Mortgage Bond SaleThe U.S. government has accused Bank of America Corp. of civil fraud, saying the company failed to disclose risks and misled investors in its sale of $850 million of mortgage bonds during 2008.
Banks Gear Up For 'Quantum Dawn 2' Battle As Cyber Attacks IncreaseBanks large and small are girding for an elaborate drill this week that will test how they would fare if hackers unleashed a powerful and coordinated attack against them.
China Allowing US Regulators To Audit RecordsChina has agreed to give U.S. regulators access to audit records for Chinese companies whose shares trade on U.S. stock exchanges, a step forward in a long-running dispute.
Obama Picks Top White-Crime Prosecutor for SEC JobPresident Barack Obama on Thursday nominated Mary Jo White, a former U.S. attorney who built a reputation prosecuting white-collar criminals, terrorists and mobsters, to lead the Securities and Exchange Commission.
Manchester United Files For IPO In United StatesManchester United plans to go public. In the United States, to boot. The record 19-time English champions filed a registration statement with the Securities and Exchange Commission on Tuesday to hold an initial public offering of stock and become a listed company on the New York Stock Exchange.