Scandal | featured news

The prince has no clothes - but British newspapers aren't running the pictures. The country's scandal-loving tabloids devoted many pages Thursday to the story of Prince Harry's naked romp in a Las Vegas hotel suite. But all heeded a warning from royal officials that printing the images, already seen by millions on the Internet, would infringe on the prince's privacy.

An accrediting organization has told Penn State that its status is "in jeopardy" based on recent developments in the Jerry Sandusky child sex abuse scandal... The commission said in an Aug. 8 notice that Penn State remains accredited while "on warning" but it wants a monitoring report submitted by the end of next month detailing steps taken to ensure full compliance with governmental requirements, that the university's mission is being carried out, that the commission will be fully informed and that Penn State is complying with standards on leadership and governance as well as integrity.

A Delaware physician accused of waterboarding his 11-year-old stepdaughter says he is being persecuted by authorities because of a 2009 doctor abuse scandal in the state. Dr. Melvin Morse tells The Associated Press that he is the victim of what he called hysteria following the prosecution of pediatrician Earl Bradley. Bradley is serving 14 life sentences for abusing scores of his young patients over more than a decade.

So just when we thought we had heard all about the threats the hazardous use of derivatives could unleash on to the economy, a leading bank [Morgan Stanley] apparently managed to find a new way to use them, this time to help gouge consumers of more than $150 million.

Standard Chartered is in talks with multiple law-enforcement officials, including New York's banking regulator, to resolve a probe into improper Iranian money transactions by the British bank, according to people familiar with the situation.

The one-day murder trial of Gu Kailai, the wife of ousted Chinese politician Bo Xilai, concluded with prosecutors telling the court that she slipped poison into a glass of water to kill British businessman Neil Heywood after he got drunk. Gu killed Heywood, they argued, because he threatened the security of her Harvard University son.

The son of disgraced Chinese politician Bo Xilai says he is confident the "facts will speak for themselves" when his mother stands trial for murder Thursday in the country's most sensational political scandal in decades.

The investigation into the manipulation of the Libor benchmark interest rate has led banks to seek to implicate their rivals, according to government and bank officials.

China will open the murder trial of Gu Kailai, the wife of ousted Communist Party Politburo member Bo Xilai, on August 9, two sources said on Friday, a case at the center of a scandal that has rocked the government and could bring Gu the death penalty.

"Evening of shame." Not words you often -- if ever -- associate with the sport of badminton. But those were the words being used by British TV after eight female badminton players were kicked out of the Olympic Games doubles competition on Wednesday afternoon over twin charges of "not using one's best efforts to win a match" and "conducting oneself in a manner that is clearly abusive or detrimental to the sport."