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  • Volcker Fails to Sell a Bank Strategy Wednesday, 21 Oct 2009 | 12:07 PM ET
    Former U.S. Federal Reserve Chairman Paul Volcker

    Listen to a top economist in the Obama administration describe Paul A. Volcker, the former Federal Reserve chairman who endorsed Mr. Obama early in his election campaign and who stood by his side during the financial crisis.

  • Galleon Preparing to Unwind its Hedge Fund Holdings Wednesday, 21 Oct 2009 | 9:41 AM ET
    Raj Rajaratnam

    Galleon Group is winding down its hedge fund holdings, the company's embattled CEO Raj Rajaratnam said in a statement.

  • US Scientist Accused of Trying to Sell Secrets Tuesday, 20 Oct 2009 | 5:46 AM ET
    Space Shuttle Endeavour

    Prosecutors say a scientist who worked on the cutting edge of moon exploration has been caught trying to sell classified secrets to an FBI agent posing as an Israeli intelligence agent.

  • Do you remember that very strong European Competition czar who battled Microsoft and Intel, accusing them of anti-competitive behavior? The question now is: will she be strong enough to battle Germany’s Angela Merkel?

  • Bernie Madoff

    Federal marshals say Bernard Madoff's Long Island beach house has sold for $9.41 million.

  • Feds to Issue New Medical Marijuana Policy Monday, 19 Oct 2009 | 4:20 AM ET
    Marijuana

    Federal drug agents won't pursue pot-smoking patients or their sanctioned suppliers in states that allow medical marijuana, under new legal guidelines to be issued Monday by the Obama administration.

  • UBS Registered Mail Warns US Clients on Tax: Report Sunday, 18 Oct 2009 | 4:52 PM ET
    UBS headquarters in Zurich, Switzerland.

    Swiss bank UBS AG warned U.S. customers by registered mail their account details may be given to U.S. tax authorities, a method that could itself breach secrecy laws, a Swiss paper said on Sunday.

  • BofA, US Officials Meet on Merrill Lynch Deal Friday, 16 Oct 2009 | 3:19 PM ET
    bankofamerica_night_300.jpg

    Bank of America executives met today with several government entities in the continuing investigation of what the bank disclosed about losses and bonuses at Merrill Lynch when it acquired the brokerage giant late last year, CNBC has learned.

  • Bill Shields Most Banks From Review Friday, 16 Oct 2009 | 11:34 AM ET
    Barney Frank

    Bowing to political pressure from community bankers, the House Financial Services Committee approved an exemption on Thursday for more than 98 percent of the nation’s banks from oversight by a new agency created to protect consumers from abusive or deceptive credit cards, mortgages and other loans.

  • John Mack

    The financial system needs more efficient regulation that would happen by streamlining, not expanding, the current mechanisms, Morgan Stanley CEO John Mack told CNBC.

  • US House Panel Approves New OTC Derivatives Rules Thursday, 15 Oct 2009 | 10:39 AM ET
    capitol_building_chart_none.jpg

    New rules for the largely unpoliced, $450-trillion over-the-counter derivatives market were approved by a key U.S. congressional committee on Thursday in a win for the Obama administration.

  • Supreme Court Will Hear Appeal of Enron's Skilling Tuesday, 13 Oct 2009 | 11:32 AM ET
    Jeffrey Skilling

    The Supreme Court will consider throwing out the convictions of former Enron Chief Executive Officer Jeff Skilling for his role in the collapse of the onetime energy giant.

  • Madoff in Prison Yard Tussle over Stock Market Tuesday, 13 Oct 2009 | 9:16 AM ET
    Federal Bureau of Prison Butner, NC

    Bernard Madoff got into a fight in the prison yard with another inmate over the stock market – and won, the New York Post reported, quoting eyewitnesses.

  • SEC, BofA Reach Agreement over Merrill Disclosure Tuesday, 13 Oct 2009 | 7:27 AM ET
    bankofamerica_night_300.jpg

    The Securities and Exchange Commission has entered an agreement with Bank of America over the disclosure of information in the Merrill Lynch bonuses case, the SEC said Tuesday.

  • Hermitage War on Russian Corruption Hits YouTube Tuesday, 13 Oct 2009 | 6:07 AM ET
    RUSSIA1.jpg

    William Browder, the founder of Hermitage Capital Management, found a new way to get his allegations of Russian corruption out to the public: YouTube.

  • BofA to Turn Over Documents on Merrill Buy Tuesday, 13 Oct 2009 | 4:41 AM ET
    Bank of America branch, New York City.

    Bank of America has agreed to hand over to investigators documents  related to its purchase of Merrill Lynch, CNBC has confirmed.

  • Son of NYC Socialite Astor Could Get 25 Years Friday, 9 Oct 2009 | 9:27 AM ET

    Philanthropist Brooke Astor's 85-year-old son had it all but wanted more, and now he might have to face his remaining years in a stark prison cell after being convicted of looting his ailing mother's nearly $200 million estate.

  • Rangel Faces Further Scrutiny From Ethics Committee Thursday, 8 Oct 2009 | 6:12 PM ET
    Charles Rangel

    The House ethics committee has expanded its investigation of Rep. Charles Rangel of New York to include his revisions to financial statements that revealed assets and income not previously reported.

  • Support Builds for Tax Credit to Help Hiring Wednesday, 7 Oct 2009 | 12:35 PM ET
    Unemployment

    The idea of a tax credit for companies that create new jobs, something the federal government has not tried since the 1970s, is gaining support among economists and Washington officials grappling with the highest unemployment in a generation.

  • BofA: Won't Raise Card Rates Before Law Enforced Tuesday, 6 Oct 2009 | 6:27 PM ET
    Credit Cards

    Bank of America on Tuesday pledged not to hike credit card interest rates or fees before a new law intended to reform industry practices takes effect in February.