How Deutsche Bank made its U.S. arm vanish from the records maintained by the Federal Reserve and saved itself from locking up $20 billion in deposits. (Hint: Hire a lobbyist on Capitol Hill) Read More
A record $450 million fine for fixing rates at which banks lend to each other has been levied on Barclays bank in the UK, shining a light into how banks set - and manipulate - rates at which $360 trillion in international deposits are loaned out every day. Read More
BlackRock and Two Sigma Investments - both major hedge funds - have been conducting regular private surveys of brokers for wealthy clients. The practice has raised red flags because of Morgan Stanley's role in the Facebook stock market flotation, as well as insider trading scandals at Goldman Sachs. Read More
HSBC, one of the world's largest banks, has been accused of laundering money for Mexican drug cartels. At a hearing conducted by the U.S. Senate earlier this week, David Bagley, HSBC's head of compliance, apologized and resigned. Read More
Kenichi Watanabe and Takumi Shibata, the CEO and chief operating officer of Nomura, have resigned over several recent insider trading scandals at the Japanese multinational conglomerate. The revelations are the latest in a series of events that have shone a welcome spotlight on seamier side of the financial industry. Read More
Spain will inject emergency capital into the country's biggest ailing bank, Bankia, as it puts into place reforms to allow loss-making banks to receive eurozone bailout money. Read More
Seven Irish banks are being investigated by the Central Bank of Ireland for selling consumers insurance policies that they did not need. Tens of thousands of Irish consumers could get as much as â¬3,000 ($3,900) each in refunds. Read More
Federal prosecutors are suing Bank of America for selling fraudulent loans to Fannie Mae and Freddie Mac, two government-sponsored mortgage finance companies. The government alleged that the multinational sold over $1 billion in bad mortgages that led to numerous foreclosures. Read More
The UK Serious Fraud Office has notched up another win in the global interest rate setting scandal by sending three Barclays traders to jail. Of the 20 bankers that have been charged to date, five have been found guilty, six have been let go while nine are to face trial. Read More
The Award goes to the Nuclear Energy Institute for audaciously using a scooter riding teenage girl to claim that a polluting, highly dangerous, economically disastrous 20th century technology is our energy future. Read More
