CNBC's Mary Thompson reports Bank of America, Citi Group, and JPMorgan Chase are among 16 big banks being sued by FDIC for manipulating the LIBOR benchmark interest rate.» Read More
Plus, Bill Seidman remembered.
The Fed does not mind if private equity firms have a minority interest in banks — the Obama administration even wants them to invest. But the Fed will not let them take control, a stance the firms are lobbying regulators mightily to change, especially given that stress test results to be released Thursday are expected to show a glaring need for capital in the banking system.
As executives of the nation's largest banks review their stress-test results, even the top performers are lobbying regulators to raise their scores before the numbers are finalized Friday.
Bondholders would be "nuts" not take General Motor's offer of 225 common shares for each $1,000 principal amount of notes, billionaire investor Wilbur Ross told CNBC.
In the years leading up to the financial crisis, some of the nation’s largest accounting firms failed to properly examine the reserves that banks and other lenders set aside to cover losses, records from a federal oversight board show.
And Ben Bernanke is no Roy Young. What the heck is Cramer talking about? Read on to find out.
Plenty has gone wrong for Ben Bernanke lately, but give the man credit. He does not stop. When all of Washington wigged out about AIG bonuses and tried to figure out the politically expedient way to parley the hand into the next election, Ben went all in and kept trying to save the system.
FDIC Chairman Sheila Bair told Congress a new system of supervision that prevents institutions from taking on excessive risk and becoming so large their failure would threaten the financial system is needed.
The Obama administration's plan to purchase toxic assets from the banks in a public/private partnership could be made public as soon as this week, according to senior administration officials.
Take drastically oversold conditions, throw in a few bullish headlines, and you have a broad market rally.
Plus, Cramer talks Petsmart, the FDIC’s policy on small banks and why the U.S. shouldn’t replicate the U.K.’s mortgage-rescue model.
The move will generate much-needed capital for the company, Cramer says.
The special Town Hall event isn't over. Click through for the questions and answers you didn’t see on T.V.
Also, how we need to acknowledge the mistakes of the past and make sure we don't repeat them in the future.
Could it be? And if so, will it continue? Cramer says there’s reason to think it might.
Find out more about one of the most important figures in today's economic environment.
Don't miss the chance to ask questions and get answers directly from FDIC Chairman Sheila Bair.