Financial Stability Board, a group formed by global financial bloc Group of 20 and led by Bank of England governor Mark Carney, will ensure that the reliability and integrity of foreign exchange rate benchmarks be restored after allegations of manipulation within bank trader circles surfaced, DealBook said in its report.
Calvin Darden Jr, who is heir to the Darden Media empire, was officially charged by the US government for fraud charges in relation to the acquisition of Maxim magazine. Bloomberg recounted Darden Jr's elaborate scheme to acquire over $8 million for the magazine acquisition.
According to a Bloomberg report, the accord reached between Lehman Brothers Holdings Inc with Freddie Mac will enable the former Wall Street bank's cash to be distributed promptly to its other creditors.
Diego Tavano, Società Sportiva Lazio attacking midfielder Joseph Marie Minala's agent, told an Italian newspaper that the appearance of the 17 year-old was deceiving as he had a rough childhood growing up, Daily Mail said.
