Greece’s former finance minister should be prosecuted, lawmakers say

Finance Latest News: Goldman’s Profit Doubles, Helped by Underwriting

The list of those with accounts at a Geneva branch of HSBC is known as the “Lagarde list,” because it was given by Christine Lagarde, then France’s finance minister, to her Greek counterpart in August 2010. However, its existence was not revealed until September 2012. Information that the list had been misplaced, copied and altered so as to exclude certain names then started coming to light, causing a major uproar. The three charges against Papaconstantinou are breach of trust, doctoring an official document and dereliction of duty. If convicted, he faces a prison sentence.

Mitsubishi UFJ Lease & Finance Co Ltd (8593.T)

Chart for 8593.T

In 2012, tech companies contributed almost a fifth of all profit reported by the corporations in the S&P 500 index, slightly more than the earnings of financial services companies. Yet if those same large companies report second-quarter results over the next few weeks that are in line with Wall Street expectations, finance will be well on its way to overtaking tech this year to once again become the U.S. industry that earns the most annual profit. The reasons go beyond the taxpayer-funded bailouts of large banks and insurers in 2008-2009, which helped put those companies back on their feet after losses on mortgage-backed securities decimated their balance sheets. John Shinal is a technology columnist covering high-tech stocks.

Former socialist Finance minister George Papaconstantinou at the Greek Parliament in Athens on January 17, 2013.

consumer prices rose more than expected in June as gasoline prices jumped, but underlying inflation pressure remain benign against the backdrop of lukewarm domestic demand. More on Wochit: Wochit – Sat, Jul 13, 2013 2:57 PM EDT Company News Wochit – 1 hour 14 minutes ago Economy Videos – 2 hours 21 minutes ago International Finance Wochit – 1 hour 24 minutes ago Investing Wochit – 2 hours 19 minutes ago Managing Leadership Wochit – 1 hour 24 minutes ago Market News Wochit – 1 hour 26 minutes ago Personal Finance Wochit – 2 hours 23 minutes ago Tech & Gadgets Wochit – 1 hour 14 minutes ago Taxes TurboTax Videos – Sat, Jul 7, 2012 3:16 PM EDT Stay in touch with Yahoo! Finance YAHOO! FINANCE ON TWITTER Copyright/IP Policy Quotes are real-time for NASDAQ, NYSE, and NYSEAmex when available.

Finance set to surpass tech as most-profitable U.S. industry


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