WASHINGTON, July 6- The largest Wall Street banks on Monday published detailed manuals of how to shut down their business during a crisis without the help of taxpayer money, a crucial step to prevent being broken up by regulators. "Our would effectively resolve the firm within a reasonable timeframe, without systemic disruption, without extraordinary...» Read More
Failed Wall Street giant Bear Stearns had enough capital reserves to meet a key international soundness test but the company's liquidity crisis was not foreseen, the head of the U.S. Securities and Exchange Commission told lawmakers Thursday.
A federal judge has granted the U.S. Department of Justice wide authority to probe whether Countrywide Financial Corp abuses the bankruptcy process, rejecting the largest U.S. mortgage lender's claim that the ruling could cause havoc for the lending industry.
Spain's Sacyr Vallehermoso will not have to make a $12.5 billion cash takeover bid for French public works firm Eiffage, a Paris court ruled on Wednesday.
French regulators recommended on Tuesday that executives at Airbus and parent EADS face insider trading penalties or charges linked to costly delays of the A380 superjumbo and said the company had misled markets.
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China's insurance regulator, in draft regulations soliciting public comment, is moving to curb fundraising by insurers, requiring that they seek regulatory approval first, state media said on Tuesday.
Treasury Secretary Henry Paulson unveiled his proposal for a new regulatory system for the financial markets. CNBC asked the experts to weigh in.
Attorneys for former Enron CEO Jeffrey Skilling will argue Wednesday that his 2006 conviction should be overturned because of “shocking” and “egregious” misconduct by prosecutors.
Treasury Secretary Henry Paulson announced the biggest overhaul of financial regulation since the Great Depression. But the sweeping plan is already drawing intense criticism.
The Bush administration's plan to overhaul financial regulation, as outlined in a summary obtained by The Associated Press.
The Bush administration is proposing the biggest overhaul of financial regulation since the Great Depression. The sweeping plan is already drawing intense criticism -- a debate unlikely to be settled until a new president takes office.
The Treasury Department will propose on Monday that Congress give the Federal Reserve broad new authority to oversee financial markets, which would be the largest financial regulatory overhaul in decades.
The Bush Administration's plan to dramatically overhaul financial regulations -- which will be announced Monday -- is already raising questions as to whether it will give too much power to the Federal Reserve.
U.S. regulators on Thursday said they are probing a possible connection between Merck's Singulair asthma drug and suicidal behavior.
Britain's financial watchdog will boost its supervision of top banks after admitting on Wednesday that its supervision of Northern Rock was unacceptable and failed to highlight the mortgage lender's vulnerability.
A federal grand jury and the Securities and Exchange Commission have been investigating the anti-money laundering practices of Fidelity Investments, according to a report in the Boston Business Journal.
Scientists advising the Food and Drug Administration said anemia drugs sold by Amgen and Johnson & Johnson should be allowed to stay on the market for chemotherapy patients.
With the resignation of Eliot Spitzer, Lt. Governor David A. Paterson will become New York's first African-American governor and the first-ever legally blind governor in U.S. history.
If Eliot Spitzer resigns, he would be succeeded by Lt. Governor David A. Paterson, who would become New York's first African-American governor and the first who is legally blind.
He’s been the merger’s staunchest opponent. Now the Democrat from Texas explains his position to Cramer.