banks

China condemns one of the nation’s top bankers to death after he was found guilty of accepting $277 million in bribes
China sentenced a former finance chairman to death on charges of bribery and bigamy, Bloomberg reported on Tuesday. Lai Xiaomin, who has been called China's most corrupt financial official, was the focus of an investigation in 2018 into his time as the ch ...[Read more]
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16 Big Banks Are Sued for Rigging of a Key Rate
The Federal Deposit Insurance Corporation has sued 16 big banks that set a crucial global interest rate, accusing them of fraud and conspiring to keep the rate low to enrich themselves. The banks, which include Bank of America, Citigroup and JPMorgan Chas ...[Read more]
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