Criminal Charges Eyed for 2 Banks

U.S. prosecutors are threatening to file criminal charges against two large foreign banks: BNP Paribas for allegedly skirting economic sanctions against Iran and Credit Suisse for allegedly helping clients avoid U.S. taxes.

Ukraine Denies Funneling Arms To Jihadis In Syria

Over the weekend, Germany’s Der Spiegel magazine published a report on the funneling of Ukrainian arms to jihadists in Syria via Germany. According to information obtained by Der Spiegel, a Ukrainian state enterprise is delivering rifles to Germany, but the German federal government allegedly doesn’t know what is happening with the weapons. In fact…

The "Greatest Irony" About The Entire "Record American Inequality" Debate

One can read 696 page neo-Marxist tomes “explaining” inequality in a way only an economist could – by ignoring the untold destruction economists themselves have unleashed on society with their “scientific theories” (and providing a “solution” to the inequality problem which we warned readers was coming back in September of 2011) or one can read the f…

Merrill Lynch Snags $3 Billion Team

Merrill Lynch has scooped up two advisors with $3 billion in assets under management from rival wirehouse giants UBS and Deutsche Bank.

U.S. Stock Are Little Changed After Dow Record

U.S. stocks fluctuated, after the Dow Jones Industrial Average rose to a record yesterday, as investors dissected corporate earnings and data showing an unexpected gain in jobless claims and higher consumer spending.

New Rules for Firm Valuations

The value of advisory firms is now being driven by growth, cash flow and risks, says investment banker and consultant David DeVoe.