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Stories of Interest
- Credit Suisse Fully Compliant on Sanctions: CEO
- Ex-UBS Metals Trader Beats Spoofing Conspiracy Charge
- Investment Advisor, WCAS Management Corp, To Pay Nearly $800K Over Conflicts of Interest
- Altaba, fka Yahoo!, to Pay $35Mn for Failing to Disclose Massive Cybersecurity Breach - SEC
- SEC Formerly Bars Martin Shkreli from Industry
- HF Billionaire Steve Cohen Buying Into Fintech Start-Ups
- Deutsche Bank Is Weighing Massive Cuts in Its U.S. Cash Equities Unit
- Richard Jenrette, Co-Founder of DLJ Investment Bank, Dies at 89
- Goldman Sachs Makes First Hire in Cryptocurrency Markets Unit
- Special FINRA Election to Fill Large Firm Governor Vacancy
- Chicago-Based Investment Adviser Sentenced to 151 Months in Prison - SEC
- Dun & Bradstreet Hit With FCPA Violations - SEC
- SEC Charges Additional Defendant in Fraudulent ICO Scheme
- Warren Buffett Simply Blew it on Wells Fargo Stock: Dick Bove (Video)
- Barclays and Deutsche Bank to Lag U.S. Trading Peers
- NY AG Schneiderman Seeks to Close Loophole That Could Let Trump Pardons Block State Charges
- 'Fearless Girl' is Moving to NYSE After Year Staring Down 'Charging Bull'
- What's In Your Wallet - American Express Shares Soar After Earnings Release
- Deutsche Bank's Executive Departures Continue Following Change in CEO
- Reflections of an Economist Commissioner (SEC's Piwowar)
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NEWSLETTERS & ALERTS
Preet Bharara Will Not Resign as U.S. Attorney - Report
Then again, if Bharara were to resign, President Trump and Attorney General Sessions could refuse to accept it - and refuse to accept the resignations submitted by other selected U.S. Attorneys.
Because it is not unusual for a new President to request the resignations of all U.S. Attorneys who were appointed by previous administrations (especially where a new party has taken office), who is in a position to say that it is inappropriate for Trump to ask that ALL attorneys resign - even those whom the President wishes to retain? To criticize the Trump administration - which CNN and other media outlets are doing - is short-sighted at best, or biased at worst.
That said, U.S. Attorney Preet Bharara, who is the prosecutor for the Southern District of New York, will apparently refuse to submit his resignation. That could set up a showdown on Monday with the Justice Department. White House and DOJ officials have not yet commented on how, if at all, they will handle Mr. Bharara and any other federal prosecutor who refuses to resign.
The Southern District covers Manhattan, the Bronx, Westchester and other counties north of New York City. The Eastern District of New York covers Brooklyn, Queens, Staten Island and Long Island.