THE chairman of the House Financial Services Committee, Spencer Bachus - which oversees the US banking and financial services industries - is under investigation for possible violation of insider trading laws, The Washington Post reported on Thursday.
WYNN Resorts Ltd, the US$15 billion gaming empire of Las Vegas tycoon Steve Wynn, may be forced to give its biggest shareholder access to its financial papers, a US judge has ruled, the latest turn in a case that has transfixed the casino world with implications for the company's control.
THE US Treasury Department is considering selling stakes and allowing mergers involving banks in the Troubled Asset Relief Program (TARP), an Obama administration official said yesterday.