The city says seven big banks conspired to inflate rates on VRDO bonds so they could "continue to collect re-marketing fees for doing nothing."
The company's Q4 report contained other bad news, including a $15.4 billion goodwill impairment charge and an earnings miss.
"It appears the bloom is off the economic expansion rose. The data doesn’t paint a picture of strong growth going forward.”
The SEC says a broker-dealer and a transfer agent failed to disclose at least 19 companies were shells.
“People are finally starting to understand that this isn’t a transition year [for CVS], it’s a transition decade,” one analyst says.
The Department of Justice says the firm showed a "lack of candor" in seeking advisory appointments in bankruptcy cases.
The e-commerce giant joins rival Tencent in becoming a major CICC shareholder as both firms eye opportunities in fintech.
“The substantial and growing number of distressed borrowers suggests that not all Americans have benefited from the strong labor market,” the bank…
A Chapter 11 filing would be the second for the shoe retailer in less than two years amid heavy debt and online competition.
An SEC pilot program approved in December “represents an unprecedented attempt to distort free market mechanisms," the NYSE says.