S&P Pays $1.4B in Fraudulent Ratings Settlement
|

S&P Pays $1.4B in Fraudulent Ratings Settlement

ByKyle W. Bell

The financial ratings firm Standard & Poor’s has struck a settlement agreement with the Justice Department and 19 states — including Indiana — in a case that alleged the company defrauded investors. The lawsuit alleged that S&P allowed lucrative fees from investment banks to shape its analysis of those company’s products, despite claiming that its…

|

S&P: US Income Inequality Dampening Economic Growth

ByKyle W. Bell

Increasing income inequality is hindering U.S. economic growth and weakening the country’s ability to recover from the Great Recession, according to a new analysis by the financial services agency Standard & Poor’s. The report released Tuesday incorporates data from the Organisation for Economic Cooperation and Development (OECD), the Congressional Budget Office (CBO), and the International…