A courtroom sketch shows Khalid al-Fawwaz, who was convicted in connection with the 1998 bombings of US embassies in Kenya and Tanzania,  during closing arguments of his trial in the New York Federal Court. Photograph: Jane Rosenberg/Reuters

A Saudi man described by prosecutors as one of Osama bin Laden’s most trusted lieutenants was convicted in a federal court in New York on Thursday in (...)

An Egyptian man pleaded guilty in New York today to charges stemming from the deadly 1998 bombings of US embassies in Kenya and Tanzania that killed 2(...)

A file image of Phil Mickelson during the  2013 PGA Championship  at Oak Hill Country Club in Rochester, New York. Reports suggest the golfer is being  investigating over possible insider trading.  Photograph: Reuters

The US Federal Bureau of Investigation and the Securities and Exchange Commission are investigating possible insider trading involving billionaire in(...)

Bitcoins are created, or “mined”, in a process using a network of computers that solve complex mathematical problems as part of a process that verifies and permanently records the details of every bitcoin transaction that is made. At current prices, the bitcoin market is worth about $7 billion.  Photograph: Tomohiro Ohsumi/Bloomberg

Any regulation of the bitcoin crypto-currency should involve international cooperation to avoid loopholes, Japanese vice finance minister Jiro (...)

Mathew Martoma, a former portfolio manager with SAC Capital Advisors LP, arrives at federal court in New York, U.S., on Tuesday, Jan. 7, 2014. Photographer: Peter Foley/Bloomberg

Mathew Martoma may have the one thing prosecutors have been unable to find in their probe of SAC Capital Advisors: a direct link between founder Steve(...)

JP Morgan Chase agreed  to pay $2.6 billion to head off a criminal prosecution and private litigation over failures to act on its suspicions, some of which came more than a decade before Bernie Madoff’s Ponzi scheme was revealed.  Photograph: Hiroko Masuike/Getty Images

JP Morgan Chase bankers had concerns about Bernard Madoff for more than a decade but failed to inform the authorities, according to a damning assessme(...)

British and US authorities hit JPMorgan Chase with $920 million in fines yesterday. Photograph: Reuters

British and US authorities hit JPMorgan Chase with $920 million in fines yesterday for wrongdoing related to the “London whale” trading losses, (...)

US investigators have shut digital payment service Liberty Reserve and arrested its main founder and four others, claiming that the $6 billion (€4.6 b(...)

Raymond Bitar: pleaded guilty yesterday to two counts in Manhattan federal court. He was sentenced to time served

A US court yesterday ordered Raymond Bitar, founder of Irish-based Full Tilt Poker, to forfeit $40 million after he pleaded guilty to offences (...)