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Home » Topics » criminal prosecutions

British minister calls for banker prosecutions

British Secretary of State for Justice, Ken Clarke, via AFP

Britain’s justice minister called Saturday for criminal prosecutions of bankers and stronger financial regulation after scandals erupted over rate manipulation and mis-selling by major lenders. “We are very bad at prosecuting financial crime in this country,” Justice Secretary Ken Clarke told BBC radio. “I suspect financial crime is easier to…

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BP succeeds in cutting Gulf well’s riser pipe, creating ‘fresh spew of oil’

A remote controlled submarine successfully cut into the Deepwater Horizon’s riser pipe on Tuesday, creating a fresh oil gusher that BP hopes to fit with a cap once a diamond saw can be used to ensure the cut is perfectly clean. The dramatic scene played out on live streamed video,…

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