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U.S. Senators Elizabeth Warren (D-MA) and Sherrod Brown (D-OH) urged the Treasury Department to investigate whether, through involvement with a Panamanian law firm, U.S. companies and persons may have evaded tax obligations or facilitated money laundering and other illegal activity.

Steven Lofchie Commentary by Steven Lofchie

Treasury Secretary Jacob Lew issued a statement arguing that a federal court's decision to rescind the determination that MetLife was a so-called "systemically important financial institution" leaves one of the "largest and most highly interconnected financial companies in the world subject to even less oversight than before the financial crisis."

The SEC charged a Las Vegas casino a $9 million penalty for failing to properly document more than $62 million in payments to a consultant who facilitated business activities abroad.