A lawyer for a former UBS AG trader charged with engaging in a fraud conspiracy following a U.S. investigation of Libor rate manipulation on Monday urged a New York federal judge to dismiss the case.
A top Republican lawmaker on Monday urged the U.S. Consumer Financial Protection Bureau to abandon the renovation of its Washington building and find cheaper office space, a sign critics intend to keep up scrutiny of the agency this year.
Connecticut investment advisor Noah Myers was sentenced to 40 months in prison on Monday by a District Court for defrauding investment clients in a "cherry-picking" securities scheme.
The White House warned on Monday that President Barack Obama would veto Republican-backed legislation in the U.S. House of Representatives that would scale back financial reforms, including the Volcker rule.
