News

District of Columbia lawmakers approved legislation on Tuesday that makes it harder for police to seize assets from people who are not ultimately charged with crimes, a bill that backers say is a model for the rest of the country.

Wells Fargo & Co and the U.S. Department of Justice are "no longer as optimistic" about settling a lawsuit accusing the country's largest mortgage lender of fraud, a lawyer for the bank said on Tuesday.

A U.S. judge on Tuesday accepted the guilty plea of a former stockbroker to participating in an insider trading scheme, one week after expressing concern about whether the defendant's explanation of the crime was legally sufficient.