The Volcker Rule could have unforeseen consequences, but it's needed to protect the economy, the outgoing CFTC commissioner told CNBC before his vote.» Read More
Noisy protesters with signs took over two bank building lobbies on Thursday in a prelude to a Wall Street rally by workers and union leaders angry over lost jobs, the taxpayer-funded bailout of financial institutions and questionable lending practices by big banks.
Workers and union leaders angry over lost jobs, the taxpayer-funded bailout of financial institutions and questionable lending practices by big banks are planning to rally on Wall Street.
Goldman Sachs executives tried to fend off accusations they inflated the housing bubble, sold clients "sh**ty" deals and made billions off the market's collapse, in a high stakes Senate hearing.
The Supreme Court said Tuesday that investors who lost millions when Merck pulled its blockbuster pain drug Vioxx off the market can go ahead with a lawsuit against the pharmaceutical giant.
A Senate Republican has called for the "strongest" derivatives rules, signaling that Democrats may get the votes needed to start debating their sweeping financial regulation bill Monday.
A seasoned hedge fund manager told CNBC Thursday that he expects to see more actions like those of the securities-fraud charges against Goldman Sachs.
ACA, the main investor in a failed mortgage-securities deal that prompted fraud charges against Goldman Sachs, appears to have caused some of the $1 billion loss itself, CNBC has learned.
The government's case against Goldman Sachs revolves in part around whether the investor that selected the toxic securities at the center of the case also could be the primary victim.
The Securities and Exchange Commission knew that Allen Stanford was involved in a Ponzi scheme as far back as 1997, according to a report released Friday by SEC Inspector General David Kotz.
U.S. Attorney announces charges against former Societe Generale trader Samarth Agrawal for stealing company information.
Avon Products has put four executives on administrative leave, including three in China and one in New York, as part of an investigation of bribery allegations.
The businessman behind Cabbage Patch dolls and his wife have snatched up Bernard Madoff's Upper East Side penthouse.
The federal judge in accused Ponzi schemer Allen Stanford's criminal case says he wants some answers before agreeing to Stanford's request for yet another new legal team.
Victims of the alleged $7 billion Allen Stanford Ponzi scheme may get a greater voice in how what's left of their investments will be divvied up.
Family members of admitted fraudster Bernard Madoff have insisted that they, too, are victims of the historic Ponzi scheme, and moved late Monday to dismiss a civil complaint alleging that they helped facilitate the fraud.
The Senate is already down to its final two hurdles before passing a comprehensive financial reform bill, Sen. Christopher Dodd told CNBC.
The Justice Department is looking into whether hedge funds worked together to drive down the value of the euro, according to a report Wednesday in The Wall Street Journal.
Delaware's short-selling senator thinks the practice is fine so long as predators don't step in and create another Bear Stearns or Lehman Brothers-type crisis.
Congress could have passed a more sweeping jobs bill with larger bipartisan support if Democrats had been more willing to work with Republicans, Sen. Charles Grassley told CNBC.
House Ways and Means Committee Chairman Charles Rangel says he can't turn over political contributions linked to indicted billionaire Allen Stanford, because the money has already been donated to charity.