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JPMorgan agrees to $2.6bn fine to resolve charges that its poor oversight enabled investment fraud by Bernie Madoff.
Once one of Russia's richest men, the former oil tycoon fell from grace when he sponsored political opponents of Putin.
Peter Madoff will serve 10 years in jail for role in his brother's fraud scheme that stole billions from investors.
Trends in American leisure activities reflect a change - frugality and making do are in, gaudy consumerism is out.
The high-stress, high-risk environment on Wall Street may lead many bankers to participate in risky sexual behaviour.
While Bernie Madoff languishes in jail, bankers continue to profit as the poor lose their homes and hope.
Foreign ministry bristles at foreign criticism over second corruption conviction for oil tycoon Mikhail Khodorkovsky.
Moscow court convicts Mikhail Khodorkovsky along with his business partner of embezzling $27bn.
The "largest forfeiture recovery in US history" won by court trustee after lawyer's estate agrees to settlement deal.
Mark Madoff, elder son of jailed financier Bernard Madoff, found dead in an apparent suicide.
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