Hackers who stole gigabytes of data from JPMorgan Chase may have been trying to send a message that U.S. financial institutions can be disrupted, the former director of the National Security Agency said.
Russian hackers attacked the U.S. financial system in mid-August, infiltrating and stealing data from JPMorgan Chase and at least one other bank, an incident the FBI is investigating as a possible retaliation for government-sponsored sanctions, according to two people familiar with the probe.
Rengan Rajaratnam, the brother of Galleon Group co-founder Raj Rajaratnam, became the first of at least 88 people charged in a federal crackdown on insider trading to escape conviction.
Secrets from the FBI.
The US government is preparing to auction off more than 29,000 bitcoins seized from the Silk Road website when its alleged chief Ross Ulbricht was arrested, in a move that could net it over $17m.
Bank of America 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.
New York Attorney General Eric Schneiderman sent subpoenas to six high-frequency trading firms seeking information about special arrangements they have with exchanges and dark pools as well as their trading strategies, according to a person familiar with the matter.
Computing multinational Hewlett-Packard (HP) is to pay US regulators $108m to settle a corruption scandal involving employees at subsidiaries in three countries, who were charged with bribing government officials to win and retain lucrative public contracts.
The vice-president of the Bitcoin Foundation, which lobbies on behalf of the digital currency, has resigned amid allegations he helped launder money for Silk Road, the online drug bazaar.
The prosecution’s star witness against Mathew Martoma testified that he lied about passing inside information to the former SAC Capital Advisors fund manager when he was first questioned by agents of the Federal Bureau of Investigation in September 2011.