Texas Man Fined $40M for Bitcoin Ponzi Scheme
Federal judge affirms that fraudsters "are not beyond the reach of the SEC just because they use Bitcoin or another virtual currency."
Fed Scolds Santander Unit Over $52M Dividend
Santander Consumer USA, a big subprime auto lender that's majority-owned by Santander Holdings, paid a common stock dividend without the Fed’s approval.
Oracle CFO Catz Tapped as Co-CEO
Safra Catz will share chief-executive duties with Mark Hurd, but still focus on manufacturing, finance and legal operations.
New Brokerage Aims to Help Employees Cash Out
CFOs have been wary of platforms that facilitate selling of insider stock pre-IPO, but Battery East thinks it can change that.
IBM Service Aims to Make Spreadsheets Obsolete
Watson Analytics is a natural language system that streamlines tasks associated with predictive analytics, including visualization.
House Passes Latest ‘Audit the Fed’ Bill
Republicans in the House of Representatives overwhelmingly supported the measure, but the Senate has no plans to consider a similar bill.
Big Business Joins U.S. Fight Against HFC Gases
Dupont, Honeywell and others reach agreement with the Obama administration to reduce their use of hydrofluorocarbons.
FASB Moves Closer to Intangible Assets Exception
The Private Company Council votes to exempt private companies from having to separately recognize certain kinds of intangible assets.
Credit Suisse Gets Fed Warning About Leveraged Loans
The bank's underwriting and sale of leveraged loans may not be in compliance with regulatory guidance issued just last year.
Emerging Markets Boost U.S. Trade Prospects
The outlook for cross-border trade continues to improve, although at slower pace.
OECD Unveils Plan to Rein in Profit Shifters
The first seven components of the project to battle base erosion and profit shifting (BEPS) address transfer pricing and bilateral tax treaties.