Bank of America Corp. and the New York Stock Exchange were among dozens of exchanges, brokerages and traders sued over high-frequency trading by the city of Providence, Rhode Island, over claims they rigged securities markets to divert billions of dollars from buyers and sellers of shares. Scrutiny of high-frequency trading […]

The suspended Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, told a Federal High Court in Lagos on Thursday that the proposed investigation by the Financial Reporting Council of Nigeria was designed to condemn him and his tenure in office.  Sanusi, who denied among other allegations contained in […]

Former Goldman Sachs Group Inc (GS.N) director Rajat Gupta is expected to begin his two-year prison term on June 17 for insider trading. U.S. District Judge Jed Rakoff in Manhattan directed Gupta to surrender by 2:00 p.m. EDT on that date to start serving his sentence at an institution chosen […]