The U.S. Securities and Exchange Commission is considering granting private-equity firms a reprieve after they collected billions of dollars in deal fees without being registered to do so, according to a person with knowledge of the matter.
New York Yankees third baseman Alex Rodriguez dropped a lawsuit challenging his full-season suspension for using performance-enhancing drugs, signaling his possible acceptance of the punishment as his team prepares to begin spring training next week.
Alex Rodriguez will forfeit $25 million in base salary while suspended from Major League Baseball for the 2014 season. The longest drug-related ban in the sport’s history will cost him more than that in missed bonuses and lost endorsements, sports marketers said.
Carol Patterson was waiting for a call from her doctor. When the phone rang on that afternoon in August 2011 at her home in Cortland, Ohio, it wasn’t a physician on the other end. A woman named Robin said she was representing the American Diabetes Association.
JPMorgan Chase & Co. sued the Federal Deposit Insurance Corp. claiming the agency is responsible for more than $1 billion in liabilities faced by the company as a result of its 2008 takeover of Washington Mutual Inc.’s bank.
The U.S. Securities and Exchange Commission, in settling claims with JPMorgan Chase & Co. over its handling of a $6.2 billion trading loss, landed its biggest victory yet in fulfilling a pledge to force wrongdoers to admit guilt.
Paula Ramada, who has a doctorate in economics from the Massachusetts Institute of Technology, says she can calculate how much investors lost from banks’ alleged rigging of benchmark interest rates. Now all she needs is funding, a team of analysts and weeks to run the numbers.