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Regulations

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  • Post-Mortems Reveal Obvious Risk at Banks Thursday, 19 Nov 2009 | 5:54 AM ET
    Financial Crisis

    The coroner’s report left no doubt as to the cause of death: toxic loans. That was the conclusion of a financial autopsy that federal officials performed on Haven Trust Bank, a small bank in Duluth, Ga., that collapsed last December, the New York Times reported.

  • Geithner to Say Recovery Alone Not Enough Thursday, 19 Nov 2009 | 5:34 AM ET

    Treasury Secretary Tim Geithner, in testimony before the Joint Economic Committee Thursday, will argue that "recovery alone is not enough" and that Congress must pass comprehensive regulatory reform to ensure the strength and stability of the economy, according to an excerpt of the speech obtained by CNBC.

  • Lawmakers Seek Fed Audit for Mishandling AIG Bailout Wednesday, 18 Nov 2009 | 1:40 PM ET

    A group of House Democrats are stepping up demands for greater transparency from the Federal Reserve after reports that the Fed mishandled the bailout of insurance giant American International Group.

  • Risky Banks Would Get Broken Up In Kanjorski Plan Wednesday, 18 Nov 2009 | 8:54 AM ET

    Government regulators will break up institutions whose failure would bring down the entire financial system, under an amendment Rep. Paul Kanjorski will introduce today.

  • Democrats, Republicans at Odds Over BofA, Merrill Deal Tuesday, 17 Nov 2009 | 2:56 PM ET
    Bank of America

    A senior House Democrat says the government didn't force Bank of America to take over Merrill Lynch, but a bank board member said much pressure was applied and Republicans charged that a committee inquiry was covering up the role of an Obama administration official.

  • Law Seeks to Ban Misuse of Genetic Testing Monday, 16 Nov 2009 | 11:12 AM ET

    The most important new antidiscrimination law in two decades — the Genetic Information Nondiscrimination Act — will take effect in the nation’s workplaces next weekend, prohibiting employers from requesting genetic testing or considering someone’s genetic background in hiring, firing or promotions. The New York Times explaines the ramifications.

  • Madoff Boat Auction Monday, 16 Nov 2009 | 10:28 AM ET
    Convicted Ponzi schemer Bernard Madoff may have loved the high seas as much as he loved deceiving clients of his firm, Bernard L. Madoff Investment Securities. Madoff owned not one, not two, but three boats, including a luxurious 56-foot yacht named "Bull."

    Convicted Ponzi schemer Bernard Madoff loved the high seas. All his boats were sold at auction by National Liquidators on behalf of the U.S. Marshal's Service. Click to see the images.

  • Google, Book Publishers to Reveal New Settlement Friday, 13 Nov 2009 | 11:03 AM ET

    Google and book publishers are expected to show a federal judge in New York a new settlement in the copyright lawsuit over Google's book-scanning project.

  • No Bank Should Be Considered Too Big to Fail: Dimon Friday, 13 Nov 2009 | 8:18 AM ET

    No bank should be too big to fail, according to JPMorgan Chase CEO Jamie Dimon, who includes his own institution on the list.

  • AIG CEO: I Remain 'Totally Committed' to Firm Wednesday, 11 Nov 2009 | 2:50 PM ET
    AIG Headquarters

    In a memo to the company's employees, AIG CEO Robert Benmosche said Wednesday that he and the board remain "totally committed" to leading AIG.

  • Dodd: Financial Reform Bill Is Open for 'Discussion' Wednesday, 11 Nov 2009 | 11:37 AM ET

    Sen. Christopher Dodd, chairman of the Senate Banking Committee, told CNBC Wednesday that his version of the financial reform bill is a "discussion draft," and there is still room for debate over whether to create a single federal regulator, as well as whether to make an independent consumer protection agency.

  • Back Off, Regulators! Tuesday, 10 Nov 2009 | 10:24 AM ET
    Gavel

    A weird thing is happening right now, and it borders on the dangerous. Companies want to merge, and partner, and collaborate, and they have lots of cash on the balance sheet, ready to do deals that may help jumpstart their businesses, light a fire under sluggish markets, increase efficiencies, and generate nice returns for their investors. Yet federal agencies in this country and abroad aren't merely getting more active when it comes to scrutinizing the deals, they're getting activist.

  • CNBC's Winners & Losers of 2009 Monday, 9 Nov 2009 | 1:50 PM ET

    In some cases, the difference between a winner and loser is often in the eye of the beholder--who can be a victim or a beneficiary--or simply a political ideologue. That’s why we want readers to weigh in and vote on a variety of people and concepts. We’ll report back with results and rankings on December 1.

  • The new defendants include hedge fund traders and money managers, a mergers and acquisitions attorney, a corporate executive, and an associate analyst for the Moody's credit rating agency.

  • Former Merrill CEO Thain to Speak at Hedge Fund Meeting Wednesday, 4 Nov 2009 | 2:37 PM ET

    Nearly a year after leaving Bank of America under a cloud of controversy involving massive losses, executive bonuses, and lavish office decorating, former Merrill Lynch CEO John Thain is set to emerge from his self-imposed seclusion Thursday at a hedge fund event in Greenwich, Conn.

  • JPMorgan Settles SEC Charges in Muni-Bond Case Wednesday, 4 Nov 2009 | 1:44 PM ET
    JP Morgan Chase

    JPMorgan Chase has agreed to a settlement worth more than $700 million over federal regulators' charges that it made unlawful payments to friends of public officials to win municipal bond business in Jefferson County, Ala.

  • Disgraced financier Bernard Madoff's longtime auditor has entered a guilty plea in a federal court in Manhattan.

  • Big Banks' Pay Plans Due to Fed by Feb. 1 Tuesday, 3 Nov 2009 | 12:05 PM ET

    The nation's biggest banks face a February deadline for submitting employee compensation plans to the Federal Reserve, according to people with knowledge of the process.

  • Amgen Sued Over Alleged Sales Kickback Schemes Friday, 30 Oct 2009 | 2:31 PM ET
    Amgen

    New York Attorney General Andrew Cuomo and 14 other states are filing a lawsuit against Amgen, alleging that the biotech company was offering kickbacks to medical providers to increase the sale of its anemia drug Aranesp.

  • Rep. Waters: I Did Nothing Wrong Contacting Treasury Friday, 30 Oct 2009 | 12:05 PM ET

    The House Ethics Committee formally acknowledged that Rep. Maxine Waters (D-CA.) is under investigation for allegedly using her influence to help a bank in which her husband owned stock