Virginia Governor Terry McAuliffe says current political rhetoric has bred “bigotry and hatred” and urges people to “call it out for what it is.” Continue reading
Martin Shkreli was convicted of fraud by jurors in a U.S. court in Brooklyn on Friday, in a blow for the controversial financier, who had forcefully and repeatedly proclaimed his innocence. Nathan Frandino reports. Continue reading
The U.S indicts Alexander Vinnik, a Russian man accused of laundering $4bn in bitcoin through the BTC-e crypto-currency exchange. David Doyle reports.
Private equity firm KKR has agreed to buy health information giant WebMD in a deal valued at about $2.8 billion. Fred Katayama reports. Continue reading
U.S. venture capital firms are lining up for a piece of the digital currency market but some of the hot tech startups don’t need their money. Chris Dignam reports. Continue reading
The BBC releases a recording of an October 2008 phone call between two bankers at Barclays in which one said he was under “serious pressure” from the Bank of England to set an artificially low rate for Libor, an inter-bank borrowing rate.
Credit Suisse has taken out adverts in British Sunday newspapers stressing a zero-tolerance policy on tax evasion, as the Swiss bank tries to limit any damage to its reputation from raids on three of its offices. Ciara Lee reports. Continue reading
Billionaire philanthropist David Rockefeller, former head of Chase Manhattan Corp and patriarch of one of the most famous and influential American families, dies at 101.
U.S. stocks extend their post-U.S. election rise with moderate gains that push the Dow above 19,000 and the three major indexes to record closing levels for a second straight day.
The Federal Reserve’s second-in-command, vice chairman Stanley Fischer, warns against “inviting further trouble” by eliminating some of the so-called Dodd-Frank financial regulations. Jeanne Yurman reports. Continue reading