SEC charges Goldman Sachs with fraud By Colin Barr, senior writer (Fortune) — The Securities and Exchange Commission on Friday charged Wall Street’s most gilded firm, Goldman Sachs, with defrauding investors in a sale of securities tied to subprime mortgages. The SEC said it charged New York-based Goldman (GS, Fortune 500) and a vice president, [...]
In January, billionaire Sebastian Piñera won Chile’s presidential election, defeating incumbent Eduardo Frei in a runoff vote. When he takes office in March, the mogul will serve as the South American nation’s first right-leaning leader since the bloody Pinochet regime lost power in 1990.
Fed Proposes Limit On Credit Card Penalty Fees EILEEN AJ CONNELLY | NEW YORK — The Federal Reserve on Wednesday proposed strict limits on penalty fees and other charges that credit card companies can slap on customers for missteps such as late payments or going over credit limits. The proposal outlines rules that would take [...]