M&T Bank Corp. had a curious disclosure in its quarterly report today: It said the Securities and Exchange Commission issued a so-called Wells notice on Aug. 5 to its Wilmington Trust unit, saying that the agency may file a lawsuit.
Computer Sciences Corp., a provider of technology consulting to governments and companies, fell the most in more than five months after signaling that an accounting probe by the Securities and Exchange Commission is escalating.
U.S. stocks fell, giving the Standard & Poor’s 500 Index its first two-day slide in three weeks, on speculation the Federal Reserve will scale back stimulus in coming months as investors assessed earnings.
The U.S. Securities and Exchange Commission told SAC Capital Advisors LP that it is considering suing the $14 billion hedge fund run by Steven Cohen for fraud involving alleged insider trading by a former portfolio manager who was arrested last week, according to three people with knowledge of the matter.
Moody’s Corp. fell 6.8 percent to its lowest price since October after saying it may be sued by the U.S. Securities and Exchange Commission for filing false and misleading descriptions of its credit-rating policies.
SAC Capital Advisors LP, the $14 billion hedge fund run by Steven A. Cohen, is under increasing government scrutiny as the U.S. investigates its trading in InterMune Inc. and Weight Watchers International Inc., according to a person with knowledge of the matter.