Financier Allen Stanford faces up to 20 years in prison after being found guilty of orchestrating a $7bn Ponzi scheme.
Lehman Brothers has emerged from bankruptcy and is now a liquidating company that will begin the process of paying back its creditors and investors before finally being wound up.
The Dow Jones has closed above the 13,000 mark for the first time since the Lehman Brothers collapse prompted the market crash of 2008.
Technology giant Apple became part of an elite group of companies with an equity value above $500bn yesterday, after shares climbed 2% on talk the group is poised to launch a new iPad.
Odey Asset Management's Crispin Odey is favouring US financials and tech stocks across his portfolios, with mega-cap investment banks among his top picks.
Warren Buffett has given his official backing to a bill named after him which would see the wealthiest US citizens paying a higher rate of tax.
The US Treasury today issued updated proposals designed to fight offshore tax evasion.