Focus
securities
China Still Searching for Market Selloff ‘Perpetrators’
After a further market downtown last week, Chinese authorities continue to hunt for invisible enemies.
Texas’ Attorney General Charged With Securities Fraud
Texas Attorney General Ken Paxton turned himself in Monday to face charges that he misled investors and didn’t disclose money he made for referring financial clients as part of his private business
Bank of America’s Woes Worsen as AIG Files $10B Lawsuit
Bank of America Corp. (BAC) is facing a $10 billion lawsuit from New York-based insurance giant American International Group (AIG).
Morgan Stanley, Goldman Sachs Turns to Commercial Banking
In a stunning turn, the two remaining U.S. securities firms, Morgan Stanley and Goldman Sachs, applied to become commercial bank holding companies.
100,000 People Patrol Guangzhou, Target Foreigners
China initiated a security program called the “Peaceful Olympics” in the capital city of Guangdong.
Citigroup Faces Auction Rate Lawsuit, SEC Investigation
Citigroup Inc., the largest U.S. bank by assets, said that federal regulators and the Securities and Exchange Commission (SEC) have subpoenaed information from the bank regarding sales of auction rate securities.