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Tag Archives: wall street

Ex-Goldman board member pleads not guilty in insider trading case

NEW YORK — A former board member of Goldman Sachs and Procter & Gamble pleaded not guilty Wednesday to federal charges accusing him of acting as “the illegal eyes and ears in the boardroom” for a friend, a billionaire hedge ...

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Anti-Wall Streeters inspire Halloween costumes

NEW YORK — Dressed as protesters, complete with toy megaphone, Mitch Robinson and his wife unrolled a sleeping bag and “occupied” their friends’ Halloween party. Unlike the real-life Occupy Wall Street demonstrators, they had a detailed, numbered list of demands ...

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Citigroup paying $285M to settle SEC fraud charges

WASHINGTON — Citigroup has agreed to pay $285 million to settle civil fraud charges that it misled buyers of complex mortgage investments just as the housing market was starting to collapse. The Securities and Exchange Commission said Wednesday that the ...

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M&T’s third-quarter profit falls on integration expense

BUFFALO, N.Y. — M&T Bank Corp. said Wednesday that its third-quarter profit fell in part due to the costs of integrating the recently acquired Wilmington Trust Corp. into its operations. Even without the integration costs, its results missed Wall Street ...

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Lawmakers seek probe on banks’ new debit card fees

WASHINGTON — Democratic lawmakers are asking the Justice Department to investigate whether Bank of America and other major banks improperly worked together to charge customers new monthly fees for using their debit cards. Rep. Peter Welch, D-Vt., and four other ...

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‘Occupy Wall Street’ protesters stream past millionaires’ NYC homes

NEW YORK — Hundreds of protesters, emboldened by the growing national Occupy Wall Street movement, streamed through midtown Manhattan on Tuesday in what they called a “Millionaires March.” They marched two by two up the sidewalk, planning to pass the ...

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FDIC backs ban on banks trading for own profit

WASHINGTON — Banks would be barred from trading for their own profit instead of their clients’ under a rule federal regulators proposed Tuesday. The Federal Deposit Insurance Corp. backed the draft rule on a 3-0 vote. The ban on so-called ...

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