Carl Levin

The chairman of the Senate Armed Services Committee released new information on Thursday that he claims is evidence that the Bush Administration misled the nation in the run-up to the war in Iraq.

Switzerland's second largest bank, Credit Suisse, used elaborate measures to find wealthy clients and help an estimated 19,000 US customers evade American tax authorities, a scathing report from a Senate inquiry said Tuesday.

The White House warned that President Barack Obama would veto a bill threatening new sanctions on Iran, because it could sink a final deal to stop Tehran getting a nuclear bomb.

"The broader issue is one that is of concern to the President and one that he's focused on, because in terms of the policy matters that it raises, the report by Senators (Carl) Levin and (John) McCain raises a set of broader issues around companies that ship their profits and their jobs offshore," White House Press Secretary Jay Carney told reporte...

In 2011, senior executives at JPMorgan Chase & Co told one of the bank's trading and hedging groups to scale back its riskier positions as new regulations would make these bets much more expensive to maintain.

Ina Drew, the former JPMorgan Chase & Co executive, who earned millions while in charge of the unit that made the disastrous "London whale" trades, on Friday refused to accept responsibility for the $6.2 billion in losses revealed last year.

JPMorgan Chase & Co ignored risks, misled investors, fought with regulators and tried to work around rules as it dealt with mushrooming losses in a derivatives portfolio, a US Senate report alleged in a damning review of the largest US bank's management.

Current and former top executives of JPMorgan Chase & Co will appear before a Senate panel on Friday to testify about the multibillion dollar "London Whale" trading loss, but Chief Executive Jamie Dimon will not be a witness.

HSBC's staff in India has come under the scanner for deficiencies in its role as "offshore reviewers" of the global banking giant's compliance to safety mechanism against money laundering and terrorist financing.

The Senate probe provides a rare look at how HSBC responded when confronted with numerous cases of suspect money flows.

The chairman of the Senate Armed Services Committee released new information on Thursday that he claims is evidence that the Bush Administration misled the nation in the run-up to the war in Iraq.

Switzerland's second largest bank, Credit Suisse, used elaborate measures to find wealthy clients and help an estimated 19,000 US customers evade American tax authorities, a scathing report from a Senate inquiry said Tuesday.

The White House warned that President Barack Obama would veto a bill threatening new sanctions on Iran, because it could sink a final deal to stop Tehran getting a nuclear bomb.

"The broader issue is one that is of concern to the President and one that he's focused on, because in terms of the policy matters that it raises, the report by Senators (Carl) Levin and (John) McCain raises a set of broader issues around companies that ship their profits and their jobs offshore," White House Press Secretary Jay Carney told reporte...

In 2011, senior executives at JPMorgan Chase & Co told one of the bank's trading and hedging groups to scale back its riskier positions as new regulations would make these bets much more expensive to maintain.

Ina Drew, the former JPMorgan Chase & Co executive, who earned millions while in charge of the unit that made the disastrous "London whale" trades, on Friday refused to accept responsibility for the $6.2 billion in losses revealed last year.

JPMorgan Chase & Co ignored risks, misled investors, fought with regulators and tried to work around rules as it dealt with mushrooming losses in a derivatives portfolio, a US Senate report alleged in a damning review of the largest US bank's management.

Current and former top executives of JPMorgan Chase & Co will appear before a Senate panel on Friday to testify about the multibillion dollar "London Whale" trading loss, but Chief Executive Jamie Dimon will not be a witness.

HSBC's staff in India has come under the scanner for deficiencies in its role as "offshore reviewers" of the global banking giant's compliance to safety mechanism against money laundering and terrorist financing.

The Senate probe provides a rare look at how HSBC responded when confronted with numerous cases of suspect money flows.