GE Warns Subprime Unit Could Go Bankrupt
The defunct WMC Mortgage unit "has emerged in recent months as one of the biggest headaches in GE's vast business empire.”
Brazilian Aircraft Maker to Pay $205M Over Bribery Allegations
Aircraft manufacturer Embraer admitted responsibility for multiple FCPA violations in four foreign countries from 2007 to 2011.
Ex-Rabobank Traders Convicted of Libor Rigging
After a three-week trial, a Manhattan jury found the pair guilty of multiple counts of conspiracy and wire fraud.
Crédit Agricole Fined $787M Over Sanctions Violations
The bank is accused of processing U.S. dollar payments for clients in Iran, Burma, and other sanctioned countries.
Bio-Rad to Pay $55M to Settle Bribery Allegations
“Bio-Rad Laboratories failed to detect a bribery scheme and did not properly address red flags that such a scheme was underway,” said an SEC official.