In a regulatory filing, McGraw-Hill Financial Inc said it received a "Wells notice" on July 22 indicating the SEC is weighing filing civil charges for alleged securities law violations over S&P's ratings of six commercial mortgage-backed securities transactions issued in 2011..» Read More
There is no evidence to suggest that big is bad in the financial sector and regulators should not seek to break up the large banks, Bob Diamond, president of Barclays, told CNBC Wednesday.
What-did-they-know-and-when-did-they-know-it will be the over-arching theme of the questions. According to the US Treasury Department, Geithner was recused from "working on issues involving specific companies," including AIG after he was nominated on Nov. 24th, 2008, for the US Treasury Secretary.
The Supreme Court’s decision to treat business entities as “people” has fired up political pundits and lobbyists on all sides, writes William Dunkelberg, Economics Professor at Temple University.
President Barack Obama may have just spiced up the debate about global banking regulation, but the prospects for success for the president’s latest initiative remain mired in the challenge of a combative Congress and a fierce Wall Street lobby.
The Mad Money host dishes on big government, financial reform, Geithner and Bernanke and a few hot bank and autos stocks.
The Supreme Court has handed lobbyists a new weapon. A lobbyist can now tell any elected official: if you vote wrong, my company, labor union or interest group will spend unlimited sums explicitly advertising against your re-election.
It’s simplistic, cynical and disingenuous to conclude that President Obama announced a set of controversial proposals to crack down on big banks simply to divert attention from the Democrats senatorial defeat in Massachusetts and his declining poll ratings.
President Obama wants to cut down to size those too-big-to-fail banks. But his vow on Thursday to rewrite the rules of Wall Street left many questions unanswered, the New York Times reports, including the big one: Would this really prevent another financial crisis?
Had the White House not provided the market with a negative catalyst, would something else have taken markets lower?
Rep. Barney Frank, chairman of the House Financial Services Committee, told CNBC Thursday that he supports President Obama's proposed banking curbs but that they should be implemented over a longer time frame of "three to five years."
The Supreme Court struck down Thursday long-standing limits on corporate spending in U.S. political campaigns, such as this year's congressional races and the 2012 presidential contest.
Introducing legislation separating investment banks from commercial banks would be a "boon" for shareholders, despite banks' opposition, Richard Bove, banking analyst at Rochdale Securities, told CNBC Thursday.
Federal regulators have closed a wrinkle that has allowed cable TV operators to withhold sporting events and other popular programming that they own from satellite companies and other rivals.
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President Barack Obama on Wednesday ordered a new crackdown on federal contractors who don't pay their taxes.
Layers of money managers that don't bear the brunt of losses but walk away with big payouts when things go well have turned the US economy to a type of "ersatz capitalism," Joseph Stiglitz, Columbia University professor and Nobel laureate, told CNBC Tuesday.
Is it possible that shareholders will finally get a reliable view of what the bosses are getting paid? And that it will come this spring?
Whereas the global regulatory and political powers-that-be made a good job of feigning coordination in their collective panic-button-pushing stimulus at the height of the financial crisis, it seems that it’s everyone for themselves in the scramble to punish the perceived perpetrators.
President Obama's proposed bank tax will not damage the economy and is a fair way to reimburse taxpayers for the Wall Street bailout, Treasury Secretary Timothy Geithner told CNBC.
A year after its controversial takeover of Merrill Lynch, Bank of America is discussing settling a troublesome state inquiry into the star-crossed deal and the billions of dollars in bonuses that Merrill hurriedly paid its employees, the New York Times reported.