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David Scheer

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Big U.S. banks slashed 8,000 more jobs before tax-cut windfall

SEATTLE – America’s biggest banks just spent a week regaling shareholders about brighter days ahead, when tax cuts add billions of dollars to the...
ROYAL BANK of Scotland Group PLC said investors agreed to pay $3.21 billion in a public offering for a 25 percent stake in its U.S. unit Citizens Financial Group Inc.
 / BLOOMBERG FILE PHOTO/MATTHEW LLOYD

RBS sells 25% stake in Citizens Financial for $3.21B

LONDON - Royal Bank of Scotland Group PLC said investors agreed to pay $3.21 billion in a public offering for a 25 percent stake...
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Dead man’s estate settles SEC lawsuit over fake takeover offers for...

NEW YORK – Kuwaiti asset manager Al-Raya Investment Co. and the estate of its former chief, who was found dead days after U.S. regulators...

Crime ring used Schwab, TD Ameritrade in fraud

An Eastern European crime ring netted at least $733,000 in illegal profit using trading accounts at TD Ameritrade Holding Corp. and six other firms,...

SEC fines Symantec’s Veritas $30M in accounting case

The U.S. Securities and Exchange Commission has fined Symantec Corp.'s Veritas Software subsidiary $30 million for accounting fraud, ending a case that divided Republicans...
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