By DAVID BARBOZA, TNYT SHANGHAI — A week after the Agricultural Bank of China raised nearly $20 billion from global investors in one of the biggest stock offerings in history, analysts are warning about growing risks to China’s banking system. A report released on Wednesday by Fitch, the credit ratings...

by Bloomberg Business Week July 12 (Bloomberg) — Goldman Sachs Group Inc., Citigroup Inc., Morgan Stanley and dozens more bank and brokerages were sued by a Boston area-based fund seeking reimbursement for losses related to subprime loans. Cambridge Place Investment Management Inc., founded by...

By Inman News The former chairman of mortgage lender Taylor, Bean & Whitaker has been arrested and charged for his alleged role in a $1.9 billion fraud scheme federal prosecutors said contributed to last year’s failure of Colonial Bank. Lee Bentley Farkas and co-conspirators are accused of...

By Suzanne Kapner The Federal Bureau of Investigation is preparing a nationwide crackdown on mortgage fraud, the latest in a series of efforts to curb lending practices that contributed to the housing meltdown, according to people familiar with the matter. The FBI is preparing to arrest hundreds of people...

Washington Mutual’s former Chief Executive Officer, Kerry Killinger defended the company’s actions at a Senate hearing on April 13th and insisted that the government should not have seized the bank during the peak of the financial crisis in September of 2008. Mr. Killinger argued that the company...

James Clifton Green also known as Jimmy pleaded guilty to bank fraud, mail fraud and money laundering on April 16th. Mr. Green from Tupelo, Mississippi was accused of misrepresentation on loan applications that he submitted to various Mississippi banks. The United States Attorney’s Office that Mr....

United States Attorney Benjamin B. Wagner announced on April 19th that United States District Judge William B. Shubb handed down a sentence of twenty one months in prison, one year of supervised release and an order to pay restitution over one million dollars to William T. Bridge. Mr. Bridge, age 43...

Clayton Hargrove, a St. Louis, MO developer has pleaded guilty to fraud for his involvement in a ten million dollar commercial renovation loan. The United States Attorney’s Office on May 4th stated that Mr. Hargrove diverted funds intended to renovate a downtown building into condominiums and office...

Edward Williams Farley, age 47 from Hoschton, Georgia was sentenced May 4th on charges of bank fraud and conspiracy involving mortgage fraud. Mr. Farley was the mastermind behind the twenty four million dollar Ponzi scheme that defrauded investors and financial institutions. Mr. Farley was sentenced...