NEW YORK, Aug 29- A U.S. judge on Friday dismissed antitrust litigation accusing Wall Street banks and commodity merchants including Goldman Sachs Group Inc and Glencore Plc of conspiring to drive up aluminum prices by reducing supply.» Read More
While Alabama and Milan are rarely mentioned in the same breath, both locations now share something: they are making bankers nervous.
SEC and Fed officials were warned by a leading Wall Street rival that Lehman Brothers was incorrectly calculating a key measure of its financial health months before its collapse, the FT reports.
But here’s what I do know: Obamacare’s worst tax hike is the imposition of a new 3.9 percent Medicare payroll tax on capital gains and other investments.
“This is the really compelling issue for most Americans," says the head of a consumer group. " We just had our financial lives wrecked by the financial crisis and picked up the tab for it."
A year is a long time in the markets and it seems to have been long enough for global policymakers to forget they promised to work together on financial regulation.
Senate Republicans say the "door is open" to negotiating a bipartisan bill on financial reform with Democrats, but "there will be a lot of Republican votes against it as it is," says the GOP's senior member of the banking committee.
So where are the criminal indictments of Wall Street CEOs after the largest economic crime spree is U.S. history?
Speaker Pelosi is as good as it gets in wrestling votes for legislation she favors. She is the female version of that titan, Tip O'Neill (D. Mass.) who famously said, "All politics is local." But as good as she is, the Speaker seems to have come up short with the necessary votes to get the Senate version of the health care bill passed in the House of Representatives.
In thinking back to last year at this time as the market was just starting to turn, hardly anybody was confident enough to call a bottom.
Now some 20 years after Lewis captured the greed and hubris of the 80’s in Liar’s Poker – he’s back with a book that’s being called "The single best piece of financial journalism ever written."
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.
US-owned Metro Bank is seeking to take the UK by storm with its American-style focus on customer experience and do away with "stupid bank rules," Vernon Hill, vice chairman of Metro Bank, told CNBC Tuesday.
The Senate is already down to its final two hurdles before passing a comprehensive financial reform bill, Sen. Christopher Dodd told CNBC.
As comprehensive as the legislation may seem, the Mad Money host called it “a blown opportunity.” Here’s why.
The ranking GOP member of the Senate Banking Committee, Richard Shelby, says he agrees with "85-90 percent" of what panel chairman Chris Dodd is expected to unveil his his bill today.
Congress should allow regulators to do their jobs in supervising banks and it must regulate over-the-counter derivatives to prevent a repeat of the financial crisis, Dick Bove, financial strategist at Rochdale Securities, told CNBC Monday.
President Obama is going all in on the health care plan. He postponed an overseas trip to be on hand for a hoped for vote on the plan this coming Friday.
Barclays Capital, the fast growing investment banking arm of the UK’s Barclays group, is looking to recreate the partnership models of Goldman Sachs and Lazard before they became listed companies, the Financial Times reported.
A financial-reform bill expected from Senate Banking Chair Chris Dodd on Monday earned praise from his GOP counterpart, Bob Corker, but the two sides remained far from an agreement.
GOP members of the Senate Banking Committee fired off a letter to committee chair Chris Dodd this weekend, expressing concerns over a bill he plans to unveil on Monday.