A 79-year-old widow who pleaded guilty in the largest individual case since a U.S. crackdown on offshore tax evasion began received less than a minute of probation from a judge who scolded prosecutors.
Britain’s new banking regulator has rattled lenders by holding off disclosing how much capital each firm will have to raise after ordering the industry to plug a 25 billion-pound ($38 billion) shortfall by the end of the year, three people with knowledge of the discussions said.
Americans are allocating a smaller share of their spending to investment-related fees since the recession, a sign they are still wary of returning to financial markets even as stocks trade near record highs.
Sports agency IMG Worldwide Inc. will take over management of the U.S. PGA Tour’s Honda Classic as part of an acquisition of IGP Sports & Entertainment Group and will open a new golf office in North Palm Beach, Florida, the companies said.
Salomon Melgen, the Florida political donor at the center of a criminal probe, said he and Senator Robert Menendez are “like brothers” who spoke weekly, yet his companies never benefited and he broke no laws.