Needed: Financial Nuremberg Trials “Citigroup and U.S. Reach $7 Billion Mortgage Settlement.” —headline; NYT (7/14/14). “BNP Paribas SA agreed to pay nearly $9 billion and plead guilty to crimes for violating U.S. sanctions, an unprecedented settlement that includes a year-long ban on the French bank’s ability to conduct certain U.S. dollar transactions. –“BNP Paribas Draws...Read More
The Wall Street Journal’s Headline — and Mine According to The Wall Street Journal, the Securities and Exchange Commission just nailed hedge fund SAC Capital with the biggest-ever fine for insider trading — $616 million, to be exact. Here’s The Journal’s headline: “SAC Hit With Record Insider Penalty” —The Wall Street Journal; March 15, 2013...Read More
