Dan Gilbert fires back at the Justice Department over lawsuit regarding the underwriting of Federal Housing Administration mortgage loans.
Finance executives engage in a spirited discussion on the pros and cons of either course of action.
Recent cases underscore the need for tight internal controls.
The CFTC also charged the British trader with manipulation of the price of E-mini S&P 500 futures contracts from April 2010 to the present.
The lawsuit accused Freddie Mac executives of misleading investors about the amount of subprime housing loans on the GSE's books.
The controller hid massive trading losses by taking out unauthorized and undisclosed company loans with Japanese banks and brokerage firms.
Twenty of the accounting-related class actions included allegations of improper revenue recognition, PwC finds
The case, about the bank allegedly helping wealthy clients commit tax fraus, is upgraded to a formal criminal investigation.
The JPMorgan plan will monitor employees to see if they have the potential to violate banking or securities laws.
The group behind the new fraud "has the type of expertise and backing to steal large sums of money" from corporate bank accounts, according to IBM.