Similar Stories to Those Pesky Derivatives Strike Again on Bing News

Michael Bobelian, Forbes
Mon, 08/13/2012 - 8:42am

Morgan Stanley's office in Times Square (Photo credit: Wikipedia) During the 2008 economic crisis, terms like CDOs, credit default swaps, and other derivatives once confined to the vernacular of the financial industry became household terms as analysts tried to explain the fading fortunes of the global economy. Eventually, these obscure yet omnipresent [...]

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Topics: banks derivatives fraud morgan stanley scandal utilities

Feds in NYC: Hackers Stole $45M in ATM Card Breach
A gang of cyber-criminals stole $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then draining cash machines around the globe, federal prosecutors said Thursday. More
Man who faked his way into cockpit pleads guilty to fraud
The man who conned his way into the cockpit of an US Airways flight in March pleaded guilty Wednesday in Philadelphia to one count of fraud in connection with an identification document. More
Pope hints at possible changes to scandal-ridden Vatican bank
Pope Francis has indicated for the first time that he may make changes to the Vatican's scandal-ridden bank as part of a broad review of the Holy See's troubled administration. More
Six politicians plead not guilty in alleged NYC mayor's race plot
New York State Sen. Malcolm Smith and five other politicians pleaded not guilty Tuesday to corruption charges in connection with an alleged plot to buy a line on New York City's mayoral ballot. The allegations revived public concerns about a documented culture of exploitation in Albany that has prompted officials to seek legal recourse to induce change. More
News Corp settles phone hacking case
News Corp reaches a $139m (£91m) settlement with shareholders over complaints filed in relation to the UK phone hacking scandal. More

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