A major Swiss bank will pay $211 million in a deal to avoid prosecution on charges it secretly helped American clients evade U.S. taxes, the Department of Justice said Monday. The agreement with BSI SA makes the private bank the first to come clean under a federal program that encourages overseas banks to disclose their […]

Mortgage fraud was one of the main reasons of the collapse of the financial system Most of the largest fines are in relation to operations carried out by financial institutions in the lead up to, and in the wake of the mortgage-market collapse. Banking fraud is not a new phenomenon, neither is the fact that […]