Subcommittee on Investigations

Shares in global banking giant HSBC fell more than two percent in Hong Kong on Wednesday after a top executive resigned over the lender's failure to control money laundering and terrorist financing.

HSBC apologized Tuesday for failing to apply anti-laundering rules and one senior executive resigned, as lawmakers accused the global bank of giving Iran, terrorists and drug dealers access to the US financial system.

Shares in global banking giant HSBC fell more than two percent in Hong Kong on Wednesday after a top executive resigned over the lender's failure to control money laundering and terrorist financing.

HSBC apologized Tuesday for failing to apply anti-laundering rules and one senior executive resigned, as lawmakers accused the global bank of giving Iran, terrorists and drug dealers access to the US financial system.

US lawmakers accused the global bank HSBC of opening the doors of the financial system to terrorists, drug dealers and money launderers in a hard-hitting report.

One of the pillars of Wall Street -- bank JPMorgan Chase -- faces new scrutiny Saturday after it reported a shocking $2 billion derivatives loss that even its pugnacious chief executive called "egregious."

WASHINGTON (Reuters) - The wealthy son of Equatorial Guinea's president squared off this week against the U.S. government in a legal battle over efforts to seize his $30 million California mansion, exotic cars, a private jet and an extensive collection of Michael Jackson memorabilia.

WASHINGTON (Reuters) - The wealthy son of Equatorial Guinea's president squared off this week against the U.S. government in a legal battle over efforts to seize his $30 million California mansion, exotic cars, a private jet and an extensive collection of Michael Jackson memorabilia.

WASHINGTON (Reuters) - Regulators still sore from the beating they took over the financial crisis are scrambling to ensure they avoid the blame for the collapse of the Jon Corzine-run futures brokerage MF Global.

WASHINGTON (Reuters) - The U.S. futures regulator delayed a final vote on controversial measures to crack down on excessive speculation in commodity markets because it lacks the three votes needed for approval, sources familiar with the situation told Reuters on Wednesday.

WASHINGTON (Reuters) - Goldman Sachs Chief Executive Lloyd Blankfein has hired high-profile Washington defense attorney Reid Weingarten, according to a government source, as the Justice Department continues to investigate the bank.

WASHINGTON (Reuters) - Goldman Sachs Chief Executive Lloyd Blankfein has hired high-profile Washington defense attorney Reid Weingarten, according to a government source, as the Justice Department continues to investigate the bank.

NEW YORK (Reuters) - In the fall of 2009, Deutsche Bank quietly fired one of its top derivative traders in London after a colleague in New York complained about finding "substantial trading anomalies" in a multibillion dollar portfolio of high-risk credit default swaps managed by the German-based bank, Reuters has learned.

WASHINGTON (Reuters) - Moody's Corp and Standard and Poor's triggered the worst financial crisis in decades when they were forced to downgrade the inflated ratings they slapped on complex mortgage-backed securities, a U.S. congressional report concluded on Wednesday.

FRANKFURT (Reuters) - Deutsche Bank <DBKGn.DE> faces a U.S. class-action lawsuit over mortgage-related securities it helped arrange, Germany's biggest lender said in its first-quarter report.

FRANKFURT (Reuters) - Deutsche Bank <DBKGn.DE> faces a U.S. class-action lawsuit over mortgage-related securities it helped arrange, Germany's biggest lender said in its first-quarter report.

NEW YORK (Reuters) - Goldman Sachs Group Inc <GS.N> chief executive Lloyd Blankfein, in written testimony prepared for a Senate hearing on Tuesday, said his firm did not have a "massive short" against the housing market and "certainly did not bet against our clients.

E-mails released by Goldman from trader Fabrice Tourre on collapse of subprime-backed market. Goldman Sachs Group Inc. and a Senate subcommittee traded a barrage of e-mails on Saturday.

WASHINGTON (Reuters) - The Office of Thrift Supervision, the regulator of Washington Mutual before it became the biggest banking bust in U.S. history, came under fire on Friday by lawmakers probing the roots of the financial crisis.