LONDON, Oct 21- The euro fell more than half a cent against the dollar on Tuesday after Reuters reported the European Central Bank was looking at buying corporate bonds as soon as December in its efforts to revive the euro zone economy. "It increases the potential scale of the purchases the ECB will be able to make if they extend out into the corporate bond market,"...» Read More
In the latest government tactic to prosecute crimes related to the financial crisis, the housing task force will attempt to crack down on financial firms suspected of improperly bundling home loans into securities for investors, the New York Times reports.
China is poised to unveil measures to bolster the country’s nascent short-selling industry in an effort to deepen its capital markets, according to securities officials and fund managers. The Financial Times reports.
How much do you know about modern-day Ponzi schemes? Take our quiz and find out.
The SEC is launching a new program Friday to encourage whistleblowers to report corporate fraud, including a website with instructions on how potential whistleblowers can make millions from their tips.
The American International Group is planning to sue Bank of America over hundreds of mortgage-backed securities, adding to the surge of investors seeking compensation for the troubled mortgages that led to the financial crisis, the New York Times reports.
A former billionaire Wall Street hedge fund manager has been convicted of 14 federal charges alleging he made a fortune off insider trades.
Barclays is among a group of investors weighing a rival bid for a portfolio of mortgage-backed securities that has already drawn a $15.7 billion offer from AIG, people familiar with the matter said.
The Treasury's move to start unloading its portfolio of mortgage debt likely will add more pressure to a housing market hardly in a position for additional stress.
The Treasury Department says it has sold trust preferred securities the government held in Ally Financial for $2.7 billion, the latest step in its efforts to recoup the costs of the $700 billion financial bailout.
In the last few weeks, a number of big banks have successfully bundled and sold new securities backed by commercial real estate loans. The NYT Reports.
Authorities are investigating a number of cyber attacks against companies seen as opponents of controversial website WikiLeaks. Despite the fiasco, which companies are most likely benefit from the attacks? Mark Mahaney, Internet research managing director at Citigroup shared his best plays.
U.S. Bank, the largest subsidiary of U.S. Bancorp, will acquire the U.S. and European securitization trust administration businesses of Bank of America, the company announced Monday.
Japan’s financial regulator and the Tokyo Stock Exchange are investigating recent trading activity following allegations of widespread insider trading ahead of new share issues by Japanese companies. The FT reports.
Cramer thinks these things need to be done to regain the individual investor's confidence in the markets.
The Securities and Exchange Commission said the action was its first ever against a state, and only its second against any government over the handling of a public pension fund.
Markets might be getting ahead of themselves in anticipating some bold new moves from the Federal Reserve to combat the weakening economy.
While officials and economists generally regard the program as successful in supporting the housing market, it has left the Fed holding a vast pile of mortgage securities—basically i.o.u.’s from homeowners—that it does not want and cannot sell.
The chief executive of Moody's says his company's inaccurate ratings of mortgage-related investments were "deeply disappointing" but investors shouldn't rely on ratings to buy or sell securities.
Brokers selling complex securities that they once contended were safe and sound have saddled individual investors with billions in losses since the credit bubble burst. Remember auction-rate securities? Those were peddled to investors as just as good as cash — until they no longer were after that market seized up in 2008. The NYT reports.
CNBC "Fast Money" trader is testing the derivative waters by purchasing a bond containing mortgages from 13 states.