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Showing 1 - 10 of 20 results for "US Department of Justice"

Trump taps Kevin Warsh as new Fed chair

ELIZA BAVIN  |  MONDAY, 2 FEB 2026
... in May. The nomination comes at a time of contention between the President and Powell. Last month the US Department of Justice served the Fed with grand jury subpoenas, threatening a criminal indictment over testimony Powell gave at the Senate Banking ...

Fed leaves rates on hold as Powell issues message to Trump

ELIZA BAVIN  |  THURSDAY, 29 JAN 2026
... rate on hold at 3.5% - 3.75% overnight, as was widely expected. The rate hold comes in the wake of the US Department of Justice serving the Fed with grand jury subpoenas, threatening a criminal indictment over testimony Fed chair Jerome Powell gave at ...

Bullock in 'full solidarity' with Powell

ELIZA BAVIN  |  WEDNESDAY, 14 JAN 2026
... around the world in showing support for US Federal Reserve (Fed) chair Jerome Powell. This week, the US Department of Justice served the Fed with grand jury subpoenas, threatening a criminal indictment over testimony Powell gave at the Senate Banking ...

Trump 'playing with fire' over Fed indictment threat

ELIZA BAVIN  |  TUESDAY, 13 JAN 2026
In an unprecedented move, the US Department of Justice served the US Federal Reserve (Fed) with grand jury subpoenas, threatening a criminal indictment over testimony Fed chair Jerome Powell gave at the Senate Banking Committee in June 2025. The testimony ...

1MDB mastermind found in Shanghai with Aussie passport: Reports

JAMIE WILLIAMSON  |  MONDAY, 21 JUL 2025
... subsidiary. Investigations into the 1MDB scandal are being conducted by both Malaysian and US authorities. The US Department of Justice has previously said the embezzled funds were used on everything from a 300-foot luxury yacht to jewellery and artwork. ...

WTW names local head of investments

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
... global firm also announced this week that its merger with Aon has been ditched following pressure from the US Department of Justice.

Aon, Willis Towers Watson terminate merger

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
... was a mutual agreement - though the decision was forced by lack of regulatory approval in the US. The US Department of Justice had been opposed to the merger, and Aon chief executive Greg Case said the company eventually met an impasse with the regulator. ...

Bernie Madoff dies in prison

ELIZABETH MCARTHUR  |  THURSDAY, 15 APR 2021
The architect of the largest Ponzi scheme in US history has died in prison aged 82. Bernie Madoff had been serving his sentence at FMC Butner, an administrative security federal medical centre for male offenders located in North Carolina, at the time ...

Westpac puts Australia on bad banking leaderboard

ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
... with convicted pedophile Jeffrey Epstein. Canada's Scotiabank reached settlement agreements with the US Department of Justice and the Commodity Futures Trading Commission over charges of metals market manipulation.

Manipulative trading at J.P. Morgan costs it over $1bn

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... forced to cough up more than $1.3 billion (US$920 million) after entering into an agreement with the US Department of Justice, the US Commodity Futures Trading Commission and the US Securities and Exchange Commission. The agreements with the three government ...
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