Four former Freddie Mac executives also settled charges of negligent conduct
with the chief regulator. They agreed to pay civil penalties ranging from
$65,000 to $250,000 each, the SEC said.
The settlement came without the company or the former executives admitting or
denying the charges.
In March fellow government sponsored lender Fannie Mae said it was likely to
make an $11bn (?6.3bn) profit restatement.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements