Less than a week after San Bernardino’s announcement that it would be filing bankruptcy, an announcement was made that law enforcement has opened a criminal probe.
Peregrine Financial Group is front and center and is now being investigated and there are several investors who aren’t mincing their words. The CEO attempted suicide this week, which only adds to the mystery.
The Dow has lost all its 2012 gains. This is the fourth time in five weeks that the Dow has suffered big losses. Europe’s financial crisis is front and center.
Groupon Inc., the popular local deals coupon site, named Daniel Henry, the finance chief of American Express Co. and Robert Bass, a vice chairman of Deloitte LLP, as directors in efforts to improve investor confidence.