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Global corporate accounting fraud up sharply - survey

Global companies have seen a sharp rise in accounting fraud over the past 12 months, as the pressures of the recession have weighed on employees, according to a new survey on Thursday. More

Geithner, under fire, defends AIG bailout

U.S. Treasury Secretary Timothy Geithner on Thursday defended the costly bailout of insurer AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms. More

BofA ex-counsel said he was "stunned" he was fired

Former Bank of America Corp general counsel Timothy Mayopoulos said he was "stunned" to be fired as the bank was trying to wrap up its purchase of Merrill Lynch & Co, after being told he would More

BofA ex-counsel says he was 'stunned' by firing

Former Bank of America Corp general counsel Timothy Mayopoulos said he was "stunned" to be fired as the bank was trying to wrap up its purchase of Merrill Lynch & Co, after being promised the More

BofA ex-counsel says he was 'stunned' by firing

Former Bank of America Corp general counsel Timothy Mayopoulos was "stunned" to be fired as the bank was trying to wrap up its purchase of Merrill Lynch & Co, after being promised the same job More

Mahindra Satyam says refund claims are untenable

IT services firm Mahindra Satyam said legal notices claiming a refund of 12.3 billion rupees ($265 million) by 37 companies are "legally untenable". More

Two Madoff programmers arrested for role in fraud

Two computer programmers provided technical support to falsify documents and trading records for swindler Bernard Madoff and took hush money to help keep the massive fraud going, U.S. authorities More

U.S. SEC expects to proceed with Bear Stearns case

U.S. securities regulators intend to proceed with their civil case against two former Bear Stearns fund managers who were acquitted of related criminal charges earlier this week. More

ANALYSIS - Canada struggles to tackle insider trading problem

It took 14 years and a U.S. tip-off to bring the perpetrators of Canada's biggest insider trading scheme to justice, raising questions about Canada's ability to crack down on white collar crime. More

Hedge fund investors worry about new names in probe

Just when things were starting to look up for hedge funds after a rough 2008, a mushrooming insider trading scandal could prompt investors to start pulling money out again. More

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