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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.
The government's case against Goldman Sachs revolves in part around whether the investor that selected the toxic securities at the center of the case also could be the primary victim.
The Securities and Exchange Commission's civil fraud suit against Goldman Sachs "reeks" of political motivation, Rep. Darrell Issa (R. Calif) told CNBC.
The Securities and Exchange Commission knew that Allen Stanford was involved in a Ponzi scheme as far back as 1997, according to a report released Friday by SEC Inspector General David Kotz.
A financial regulatory reform bill is needed to prevent taxpayers from having to bail out "too big to fail" investment banks in the future, Austan Goolsbee, chief economist of the White House Counsel on Economic Advisors, told CNBC Tuesday.
The head of the Federal Deposit Insurance Corp. said Monday that the U.S. needs better lending standards to avoid a recurrence of the 2008 financial crisis.
Jeffrey Miron's sabbatical at the National Bureau of Economic Research in Cambridge, Mass. in the second half of the 1980s didn't turn out the way he expected. He gradually abandoned macroeconomics to focus on drug policy and economics in crime.
If you are a legal medical marijuana patient on the East Coast, getting your hands on your medicine could be a matter of life or death.
In most states the legalization of marijuana is not even on the horizon. In some cases, there is a long history of conservative thinking or politicians are vehemently opposed to drug use. Call it cannabis non gratis.