Wall Street banks Archives - Carrier Management

Judge Rakoff Hits Failure of U.S. to Prosecute Wall Street Executives for Fraud

The federal judge who oversaw the recent civil fraud trial against Bank of America Corp. criticized the U.S. Department of Justice on Tuesday for failing to prosecute high-level executives over the ...

Senator Demands Economic Justification For No-Admission Settlements

An outspoken freshman U.S. senator with a record of taking on Wall Street wants financial regulators and federal prosecutors to provide an economic justification for allowing big banks to settle ...

Bloomberg’s Top Editor Calls Client Data Policy ‘Inexcusable’

Matthew Winkler, editor-in-chief of Bloomberg News, apologized on Monday for allowing journalists "limited" access to sensitive data about how clients used Bloomberg terminals, saying it was ...

Chastened Banks Cuts Tens Of Thousands Of Jobs

Banks aren't the big jobs machines they used to be. One after another, major financial firms are trimming their payrolls. In first-quarter earnings announcements this month, Bank of America, ...