Madoff

The world's biggest fraud could have been averted if the Securities and Exchange Commission (SEC) had acted on numerous warnings about Bernard Madoff's financial impropriety years ago, the regulator's chairman admitted last night, The Times reports....

Officials last night began the process of liquidating any remaining assets in Bernard Madoff Investment Securities, the company at the centre of an alleged $50 billion fraud as the Wall Street broker's sons broke their silence to deny any involvement,...

More of the world's largest banks have today admitted exposure to a fraud estimated to have lost more than $50bn.