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Business 21 Apr 2009 | 12:00 AM

US bank bailout may hurt taxpayers, be open to fraud

Americans are increasingly exposed to losses, and the government is more vulnerable to fraud, under initiatives that have created a federal bank bailout program of unprecedented scope, a government report finds.

Business 22 Apr 2009 | 12:00 AM

Banks still in distress, Geithner tells overseers

WASHINGTON (AP) - America's banks are still broken despite all their bailout billions, Treasury Secretary Timothy Geithner told impatient rescue overseers Tuesday as they pressed him on when things will get better and how much it will cost.

Business 25 Apr 2009 | 12:00 AM

The struggle for independence

TO get a cross-section of views on the chief corporate governance (CG) issues of the day, StarBizWeek held a roundtable discussion to bring together players who are at the forefront of the field in Malaysia.

Business 02 Jul 2009 | 12:00 AM

Prosecution gets until Oct 9 to serve arrest warrant on RPK

The prosecution has succeeded in getting an extension until Oct 9 to execute a warrant of arrest against Malaysia Today editor Raja Petra Kamarudin for failing to turn up for his criminal defamation trial at the Sessions Court here.

Business 25 Jul 2009 | 12:00 AM

Warren Buffett's animated financial lessons going online

OMAHA, Nebraska: Kids will finally have a chance to learn financial lessons from billionaire Warren Buffett when his cartoon is released online this fall - three years later than planned.

Business 29 Jul 2009 | 12:00 AM

Watchdog: SEC fulfilled duty in Stanford case

WASHINGTON: The Securities and Exchange Commission had been actively investigating the banking business of billionaire R. Allen Stanford for more than three years before Bernard Madoff's pyramid scheme came to light last December and has fulfilled its duty to pursue alleged wrongdoing by the financier, the agency's inspector general has found.

Business 01 Aug 2009 | 12:00 AM

Your 10 questions

Tan Sri Musa Hassan fields the 10 questions posed to him by our readers.

Business 28 Aug 2009 | 12:00 AM

US Fed chief Bernanke's personal bank account struck by ID theft

WASHINGTON: No one is safe from identity theft, not even the chairman of the Federal Reserve.

Business 05 Sep 2009 | 12:00 AM

SEC report shows repeated bungling of Madoff probe

WASHINGTON: The official at the Securities and Exchange Commission who later would marry Bernard Madoff's niece told investigators this year that if he had carefully reviewed a complaint about the disgraced financier's business, he would have investigated more deeply, a new report shows.

Business 09 Sep 2009 | 12:00 AM

US taxpayers face heavy losses on auto bailout

WASHINGTON: Taxpayers face losses on a significant portion of the US$81 billion in government aid provided to the auto industry, an oversight panel said in a report to be released Wednesday.