All posts tagged "credit default swaps"

Calif. county rebukes JP Morgan, Bank of America over fraud settlements

Officials in Santa Cruz county, California, have cut all ties with Bank of America and JP Morgan Chase after an examination of both organizations' histories of cash settlements over fraud allegations.

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IMF adviser: The global economy could collapse 'in two to three weeks'

In an interview on BBC yesterday, International Monetary Fund (IMF) adviser Robert Shapiro said something quite alarming: without a plan to save the Euro, the global economy will collapse "in two to three weeks."

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Lawyers say no criminal charges for AIG

The Justice Department has decided not to file criminal charges against the former head of a division at American International Group Inc. whose dealings in mortgage-related securities nearly bankrupted the company and led to a controversial government bailout, according to lawyers involved in the cases.

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