Justice Dept. announces nearly $17 billion mortgage settlement with Bank of America US stocks rise, helped by encouraging news on jobs; S&P 500 closes at record high Gap tops 2 Q profit expectations, meets revenue forecasts United Airlines is improving first class meal offerings in push to win over business travelers US Census study finds that rich got richer, poor poorer between 2000 and 2011 Home Depot says US retail head Craig Menear will become CEO; Frank Blake will remain chairman Airline industry trade group predicts Labor Day air travel will rise 2 percent over last year Family Dollar spurns Dollar General takeover bid on antitrust issues, backs Dollar Tree deal Measure of economy's future health posts 0.9 percent rise in July, biggest gain since March Housing recovery accelerates as sales of existing homes rise for a 4th straight month» Read More
Since arriving at the S.E.C. a year ago this month, just as the Madoff scandal was grabbing headlines, Mr. Khuzami has cut red tape, created specialized teams to plumb hedge funds and other worrisome areas and tried to make the S.E.C. quicker and more nimble.
The proposed new banking rules here in the U.S. caught many international bankers off guard and were one of the most prominent topics of discussion at the recent World Economic Forum in Davos.
Comcast, the top U.S. cable provider, on Thursday told lawmakers no big scale job cuts will result from the proposed $30 billion joint venture with NBC Universal and remained committed to free over-the-air television programming.
The New York Attorney General's office is filing civil charges against Bank of America and its former CEO Ken Lewis, saying the bank misled investors about Merrill Lynch when it acquired the Wall Street bank in late 2008.
Investors are struggling to make sense of Tuesday's market action. Industrials and materials led the rally but tech lagged, badly. Can the rally continue without tech?
Google has a problem in China. But it may have bigger headaches in Europe. The New York Times reports.
There are some who blame the Fed for missing warnings signs leading up to the financial crisis; others have said the Fed caused the crisis with its “easy-money” policies.
Starting today home "Flippers" are now welcome at the FHA. That's right, with a glut of foreclosures plaguing the nation's neighborhoods, the FHA is temporarily removing restrictions on investors who buy and sell homes within 90 days.
There was an agreement that banking regulation and reform was important, but no real plans on what to do.
Bank of America and other Wall Street banking giants do not need to be broken up to protect the global economy from another financial crisis, Brian Moynihan, CEO of Bank of America, told CNBC Friday.
How will comments made by President Obama in Wednesday’s State of the Union impact your portfolio on Thursday, particularly your bank stocks?
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?