Securities

Arthur W. Machen Jr., a retired attorney who was also the chancellor of the Episcopal Diocese of Maryland and a legal advocate for the poor, died of congestive heart failure Wednesday at Gilchrist Hospice Care. The former Ruxton resident was 92. A well-...

Bank of America Corp. has reached a record $500 million settlement with investors who claimed they were misled by its Countrywide unit into buying risky mortgage debt. The settlement is the largest to resolve federal class-action litigation over...

Prosecutors filed a criminal charge against disgraced former KPMG partner Scott London, saying he gave a stock-trading friend inside information about his firm's clients in exchange for cash, jewelry and expensive dinners. The criminal case filed...

The Securities and Exchange Commission charged Illinois with securities fraud, accusing the state of misleading municipal investors over pension fund obligations, the regulatory agency said Monday. An investigation determined the state failed to...

— Cigna Corp. CEO David M. Cordani had a 68 percent decline in pay last year with compensation totaling $3.97 million, not including $9 million in stock and stock options which have value in the future when the stocks vest and options are exercised,...

Federal regulators are investigating whether onetime junk-bond czar Michael Milken violated his lifetime ban from the securities industry, according to a published report. Milken is allowed to manage his own wealth but is barred from running money for...

NEW YORK -- A former senior KPMG auditor's leaks could threaten the reputation of one of the country's biggest accounting firms, industry experts said. Auditors like Scott London, a former senior partner in KPMG's office in Los Angeles, are privy to...

Money, money, money. So much money. From places only the most sophisticated financial followers truly understand, not that they always agree. Last year Guggenheim Partners formed a group to buy the Dodgers and spent a record $2.1 billion on the...

Its previous two chief executives went to prison on felony convictions. It just reached a settlement with the Securities and Exchange Commission over allegations of securities fraud. Not one of its peers has a worse credit rating. On top of around $8...

The United States Cattlemen's Association (USCA) concluded its first fly-in of 2013 to Washington, D.C. recently. Members representing Virginia, Montana, North Dakota, Maryland, Kansas and Indiana made the trip to D.C. for the week's schedule of meetings....

What are we to make of the ability of hedge-fund managers and other influential investors to manipulate the market with impunity and make millions of dollars doing it? The question was raised anew on Feb. 16 after news broke that Daniel Loeb of Third...

The state’s troubled finances are now hitting City Hall in a more visible way, as a major agency downgraded Chicago’s credit rating as the city prepares to refinance some debt. A $181 million bond issue backed with the city’s share...