by Antonio Bard
Citigroup is now on the wrong end of a lawsuit filed by Woori Bank. In it, the goal is to recover losses from the Seoul-based lender’s $95 million investment in debt obligations.
by Jon Dell
3 former General Electric bankers have been found guilty of defrauding several cities and the IRS in a massive rigging scheme involving bids and municipal bonds.
by Beth May
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.
by Evita Page
Consumer spending defines 70 percent of the economy and it’s been rising at an impressive pace this past year. It appears they’re using cash far more often than their credit cards.