CNBC's Kayla Tausche explains the Volcker Rule wants to prevent banks from placing outsized trades using their own money. The rule is set to be approved on Tuesday.» Read More
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.
U.S. regulators have rejected a long-acting injectable form of Eli Lilly and Co's blockbuster schizophrenia drug Zyprexa, the company said Thursday, sending its shares down almost 2 percent.
The Mad Money host calls out the members of Congress who are blocking the XM-Sirius merger from going through.
The head of the organization that insures the nation's commercial banks says there's a need for more transparency in reporting the fortunes and misfortunes of the home mortgage market.
Brewers Anheuser-Busch and Miller Brewing said on Wednesday that several U.S. state Attorneys General have demanded information on how they market and sell caffeinated alcoholic drinks.
The Supreme Court on Wednesday made it harder for consumers to sue manufacturers of federally approved medical devices.
Australia and the United States have agreed to drop restrictions on lucrative trans-Pacific flight routes between the two countries, Australia's government said on Friday.
Regulators said they're reviewing the safety of Allergan's Botox and a competing product after reports of deaths and serious reactions in some patients.
The U.S. is looking into stock sales by a member of French bank Societe Generale's board shortly before the bank announced billions of dollars in losses by a single trader.