Indiana Attorney General Greg Zoeller appealed the case to the Supreme Court after Paras rejected his request to put his ruling on hold until the Supreme Court could decide the issue.» Read More
Goldman Sachs executives tried to fend off accusations they inflated the housing bubble, sold clients "sh**ty" deals and made billions off the market's collapse, in a high stakes Senate hearing.
Today four democratic senators — Charles Schumer, Michael Bennet, Mark Begich, and Al Franken — wrote a letter to Facebook CEO Mark Zuckerberg asking him to review the company's policies. They say they "look forward to the FTC examining the issue," and they're asking the FTC to get involved.
Democrats and Republicans keep talking about finding a bipartisan compromise but they'll have to agree enough to simply get the legislation on the Senate floor for debate.
Watching the Goldman Sachs hearing, one Senator recited the phrase "sh**ty deal" so many times, you had to wonder — s it taking place in the Senate or South Park?!
China is on the verge of requiring telecommunications and Internet companies to detect, stop and report leaks of state secrets by their customers, the latest in a string of moves designed to strengthen the government’s control over private communications. The NYT reports.
The bailout of Greece has stirred ferocious debate and fallout in Germany, which has an election shortly.
As I’ve told readers of my Wall Street newsletter, Wall Street and Washington are as connected as strongly as I’ve ever seen them in my 20 years covering financial news, due in large measure to the cries for financial reform in the wake of the recent crisis.
Ricardo Salinas, the second richest man in Mexico, told CNBC Monday that the sale of illicit drugs should be legalized.
A sharply divided federal appeals court on Monday exposed Wal-Mart to billions of dollars in legal damages when it ruled a massive class action lawsuit alleging gender discrimination over pay for female workers can go to trial.
While the focus in Washington this week is on the forensics of Goldman Sachs’ actions during the financial crisis, and the outlook for domestic financial regulatory reform legislation, scant attention has been paid to the need for reforms to bring greater safety and stability to the global financial system.
The Supreme Court agreed Monday to decide whether California can ban the sale or rental of violent video games to children.
Bad enough that he bashes Wall Street, but this President has gone farther than any in modern history in putting the wrong kind of “bully” back into the pulpit.
A Senate Republican has called for the "strongest" derivatives rules, signaling that Democrats may get the votes needed to start debating their sweeping financial regulation bill Monday.
Bank defaults have begun to slow and will probably peak toward the end of this year, FDIC chairman Sheila Bair told CNBC Friday.
As the Obama Posse rides headlong into financial reform, hellbent on putting new restraints on Wall Street, we are about to enter a cowardly new world.
A seasoned hedge fund manager told CNBC Thursday that he expects to see more actions like those of the securities-fraud charges against Goldman Sachs.
ACA, the main investor in a failed mortgage-securities deal that prompted fraud charges against Goldman Sachs, appears to have caused some of the $1 billion loss itself, CNBC has learned.
The government’s case against Goldman Sachs is about to get its first public airing, in what could be a gripping preview of the legal battle to come. The New York Times explains.
“Stockholm syndrome” – in which captives become sympathetic to their captors – is to blame for the “extremely limited” efforts at improved regulation seen since the financial crisis, the FT reports.
President Barack Obama told CNBC Wednesday that there was no connection between the White House’s push for financial reform on Wall Street and the civil fraud charges filed against Goldman Sachs spacer on Friday.