Left-leaning President Cristina Fernandez unveiled on Tuesday measures that would see the South American country make payments on debts held under foreign legislation in Argentina and push bondholders to bring their notes under Argentine law.» Read More
Does the price action on major banks in Europe tell investors that the continent is now not a threat to risk appetite and that Wall Street can mount a sustained rally without a repeat of May’s negative blow-up?
Under a little noticed provision of the Dodd-Frank Wall Street reform bill, the government will pay bounties that could amount to millions of dollars to whistle-blowers who bring evidence of fraud to the Securities and Exchange Commission.
Under little-noticed new provisions of the Dodd-Frank Wall Street reform law, whistleblowers who alert the SEC to potential fraud will for the first time be entitled to collect between 10- and- 30 percent of the money recovered by the government.
Corporate bonds are registered securities—municipal bonds are not. That key distinction is meaningful as details of the new law are unraveled and especially meaningful in light of the controversy surrounding bond sales and the ratings agencies.
Owners of the iPhone will be able to break electronic locks on their devices in order to download applications that have not been approved by Apple.The government is making that legal under new rules announced Monday.
Take a look at 10 cost-saving measures the administration is considering that do not involve staffing reductions or elimination of programs — measures that could be implemented today.
Democratic Rep. Charles Rangel said Friday he looked forward to clearing his name next week at a meeting of the House ethics committee, which has indicated the 40-year congressional veteran will be charged with serious violations.
Whether or not Elizabeth Warren is named to run the bureau may depend on how willing the president is to anger the banks yet again, and whether he is willing to risk a big confirmation battle in the Senate.
With the economy softening and Democrats terrified to be associated with tax hikes, the ground is shifting in Washington on the most important policy issue of the second half – whether the Bush tax cuts should be extended.
In nationwide surveys that were conducted in 2008 and 2009, the Pew Center found that 23 percent of Americans said that Hispanics were discriminated against “a lot” in society today.
On The Record with Citigroup's Head of Global M&A, Mark Shafir, about lessons learned from the financial crisis.
The financial regulation reform bill Obama signed into law Wednesday will have very little impact on Wells Fargo’s earnings and operations compared to peer banking institutions, according to Howard Atkins, CFO at Wells Fargo.
The White House’s decision not to invite the chief executives of JP Morgan Chase and Goldman Sachs to today’s ceremonial signing of the financial overhaul legislation has many on Wall Street fuming.
Lawmakers in Maine have found an unusual tool for tackling their state’s pension woes: Social Security. The NYT reports.
Now is not the time to cut off unemployment benefits in this country. Admittedly, extending the benefits will add to the Federal budget deficit, but not doing so will add to mortgage delinquencies and homelessness and will only serve to impede the still fragile recovery currently under way.
Expectant parents shopping for a home are not the only ones concerned about the date of the baby’s arrival. Mortgage lenders are taking a harder look at prospective borrowers whose income has temporarily fallen while they are on leave, including new parents at home taking care of a baby.
How black voters in California decide on Proposition 19, which would allow anyone 21 and over to possess up to an ounce of marijuana, could be critical to its success or failure.
$550 million looked like pocket change until Goldman Sachs earnings were announced today. Today's numbers, which missed analyst expectations, actually makes one think that Goldman is paying the price for last week's SEC action. Of course, their win was avoiding criminal action and other SEC regulatory activities as a result of the disastrous subprime mortgage placements.
Unemployment benefits should be extended for humanitarian reasons, billionaire businessman Mort Zuckerman told CNBC Monday.
Now that the Senate has passed President Obama’s Wall Street reform legislation, the financial industry’s representatives are combing through the legislation and trying to figure out exactly who their new regulators in Washington will be.