The agency's boss says the securities regulator is examing the actions of several companies in the run-up to the financial crisis
Look-alike site claims to have recovered $1.3B stash from a 'Madoff' hideout in Malaysia. It's also offering burned investors a chance to apply for some of that cash.
President Barack Obama's bid to sell his economic agenda and re-energize voters picks up in politically significant New Hampshire, where he will again promote an idea to free up money for small businesses that are hurting.
The government's response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future, an independent watchdog at the Treasury Department warned. The problems that led to the last crisis have not yet been addressed, and in some cases have grown worse, says Neil Barofsky, the special inspector general for the trouble asset relief program, or TARP. The quarterly report to Congress was released Sunday.
The FDIC seized another four banks late last week, bringing the year's tally to 41. And there's plenty more where that came from -- especially in these states.
Convicted felon owes $96K in restitution to victims -- but still swung a tax break from the state
The FDIC labels more than 700 U.S. banks as 'problems'. Nearly 10% could fail. Meanwhile, one analysts claims regulators are hoping the economic turnaround will bail out the bad banks. It better.
After months of criticism that it hasn't done enough to prevent foreclosures, the Obama administration is announcing a plan to reduce the amount some troubled borrowers owe on their home loans.
Republican members failed to set off any fireworks. Bankers, on the other hand, were quick to torch the bill.
The SEC claims the unregistered investment adviser promised clients he'd put their money into safe investments. Instead, he allegedly poured the cash into start-up coffee shops, real estate, and his own pocket.
A judge promised Monday to decide by the end of next week whether to approve a $150 million settlement between the Securities and Exchange Commission and Bank of America over civil charges alleging the bank misled shareholders when it acquired Merrill Lynch.
Bank of America would pay $150 million and strengthen its corporate governance and disclosure practices under a proposed settlement filed today with the U.S. District Court for the Southern District of New York by the Securities and Exchange Commission.
After the sell-side analyst scandal in 2003, the SEC negotiated a settlement with i-banks to rein in tainted research. Now, the Senator Banking Committee chair wants to reexamine that deal
The Treasury secretary says the administration wants a financial overhaul bill that provides strong consumer protection and restraints on risk taking by large banks.
There may still be hope, because financial reform legislation is far from being a foregone conclusion
The target for the federal funds rate (the overnight market rate that banks charge each other for borrowing excess reserves) has, since 1994, been the main monetary policy tool for the Federal Reserve.
Kenneth Feinberg isn't being paid for the long hours he's putting in as the Treasury Department's special master to determine executive compensation at companies that received bailout money, but the decisions he's making are likely to percolate throughout the financial services industry for years to come.
In: Investor Advocate office, ramped up protection for senior investors; Out: fiduciary standard for brokers who give advice
In a surprise, Conn. Democrat Christopher Dodd called it quits on hammering out a bi-partisan financial reform bill. The upshot? Expect plenty of tweaks to the financial system, but little change.
The Senate Banking Committee Chairman says he's working with Republican Sen. Bob Corker of Tennessee to propose legislation.
