investigations News

Rash of Fires Deemed Suspicious in Southern Illinois Town

Authorities in southern Illinois are investigating half a dozen recent fires in the village of Marissa, including one that destroyed a local landmark serving as a museum to the area’s coal mining history. The blaze gutted the Academy Building Friday …

Study: Houston Police Failed to Investigate Over 20,000 Cases Last Year

More than 20,000 burglary, assault and other cases were not investigated last year by Houston, Texas, police because of a lack of personnel, according to a report released June 2. The findings recommend that at least 45 additional investigators be …

South Dakota Gov. Questions Complaint Probes Against Insurers

Gov. Dennis Daugaard has asked South Dakota Labor Secretary Pam Roberts to review her agency’s procedures for investigating consumer complaints against insurance companies. The move comes after the Argus Leader newspaper in Sioux Falls reported that the Department of Labor …

HSBC to Pay Record $1.9 Billion U.S. Fine to Settle Money Laundering Case

HSBC Holdings Plc has agreed to pay $1.92 billion to settle a multi-year U.S. criminal probe into money-laundering lapses at the British lender, the largest penalty ever paid by a bank. HSBC admitted to a breakdown of controls and apologized …

Willis Warns Directors of Risks in Serving on Boards

“Increased regulatory, shareholder and media scrutiny combined with volatility in the global economy means that serving on the board of a company has never been so risky,” according to a report from Willis Group Holdings – its latest “Boardroom Guide …

Recession, Libor, Facebook Punish Europe’s Banks

Leading European banks reported dismal profits on Tuesday, blaming everything from the continent’s debt crisis and Spain’s property market crash to Facebook’s disastrous stock market debut. Within a space of an hour UBS of Switzerland, Deutsche Bank, BBVA of Spain …

UK Banks Face New Scandal; Barclays Boss in Peril over LIBOR Rigging

Britain will expose on Friday a second scandal involving the country’s banks in as many days, as Barclays boss Bob Diamond clings to his job after regulators slapped a record fine on the lender for rigging interest rates. The Financial …