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London,U.K.: Former Goldman and Harvard, Elias Preko to 4-1/2 years in prison for laundering nigerian corruption ring.

London,U.K.: Former Goldman and Harvard, Elias Preko to 4-1/2 years in prison for laundering nigerian corruption ring.

Former Goldman Sachs banker Elias Preko was sentenced to 4-1/2 years in prison by a London court on Monday for laundering $5 million on behalf of James Ibori, the former…

Germany and France lead EU and will recapitalize banks in three steps. Changes in European Treaties will centralize economic policies.

Germany and France lead EU and will recapitalize banks in three steps. Changes in European Treaties will centralize economic policies.

German Chancellor Angela Merkel said Sunday that Paris and Berlin were “determined to do what is necessary to recapitalize (them) to ensure the banks lending to the economy” during a…