The Foreign Corrupt Practices Act prohibits companies operating in the US from bribing foreign officials to secure business deals
Lawyers for Tesla chief Elon Musk on Monday argued that US regulators overstepped their bounds by calling for him to be held in contempt for a tweet.
Here is a look back at some of the trials and tribulations of the world’s most popular virtual currency
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/ 2 December 2011
Citigroup faces a day of reckoning in court over its selling of financial instruments in the run-up to the subprime mortgage crisis.
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/ 6 December 2010
When your high-profile divorce hits the media, it may hurt your company. Here’s why.
A United States Senate investigative panel has released several emails that could prove embarrassing to Goldman Sachs.
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/ 28 January 2009
State and industry regulators were put on the defensive on Tuesday at a Senate hearing over their failure to uncover Bernard Madoff’s fraud scheme.
Billionaire investor Carl Icahn is considering mounting a proxy campaign to replace Yahoo! board members after the company failed to reach a deal to merge with Microsoft. The veteran investor has built up a stake in Yahoo! in the last week and would run a slate in an effort to force the company back to the negotiating table.
The head of the crisis-hit investment bank Bear Stearns has blamed short sellers and market manipulators for spreading negative financial rumours to induce a collapse of the 85-year-old Wall Street institution. Bear’s chief executive, Alan Schwartz, told the senate’s finance committee in Washington that his firm had been as well-capitalised as its rivals.
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/ 30 January 2008
Fresh write-offs at big European and Japanese banks on Wednesday drove investors’ attention firmly back onto the credit crunch after days gazing at Société Générale’s stunning losses, which it blames on a junior trader. With the Federal Reserve expected to cut interest rates for the second week running, Swiss bank UBS illuminated the depth of the crisis.
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/ 18 September 2007
Aduke Komolafe, a 58-year-old Nigerian civil servant, put an end to her life by swallowing rat poison, mortified at the loss of her savings to a phoney investment fund. Lured by the promise of 100% returns in two weeks, the mother of five put 1,3-million naira ($10Â 000) into Pennywise, one of dozens of self-styled "wonder" investment firms.