NEW YORK, July 25- Argentina, out of legal options to avoid paying a court-awarded $1.33 billion plus interest to holdout creditors who twice spurned a restructuring offer, has until July 30 to either pay them, negotiate a settlement or default.» Read More
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A House panel endorsed a gentler approach Thursday to trying to stop bailed-out financial institutions from giving their employees big bonuses, as lawmakers indicated they were willing to put down their pitch forks and partner with industry to salvage the economy.
Treasury Secretary Tim Geithner will unveil a four part plan to reform financial regulation when he testifies before the House Financial Services Committee Thursday.
Key Democratic lawmakers are pushing legislation that would block creditors charging high interest rates on credit cards from collecting from consumers in bankruptcy proceedings.
Lawmakers took a hard look Tuesday at rules adopted in the final days of the Bush administration on how millions of Americans with 401(k) and individual retirement accounts get guidance on investing for retirement.
Amidst the public outcry over compensation for AIG employees, some key facts have been obscured or overlooked. And the perspective of employees, including the AIG employees, seems to be missing from the discussion.
READ HERE: In personal pleas to the court, Bernard Madoff's victims ask for big jail time and his family stripped of everything.
Bernard Madoff lost his bid Friday to be released from jail until his June sentencing for Wall Street's largest ever investment fraud.
Disgraced financier Bernard Madoff's lawyer has asked a federal appeals court to let his client stay out of prison until sentencing. The court said it will not rule immediately.
A new report from SEC Inspector General David Kotz says the agency is not doing enough to address complaints about abusive, "naked" short selling.
After a rocky start, stocks barreled higher Tuesday fueled by a surge in techs and a report that showed new home construction unexpectedly jumped in February. Even banks posted strong gains.
Stocks struggled to hold gains Tuesday as investors were encouraged by a report that showed new home construction unexpectedly jumped in February but banks wobbled.
Stocks struggled at the open Tuesday as investors were encouragd by a report that showed new home construction unexpectedly jumped in February but banks wobbled.
The Internal Revenue Service is allowing tax relief and refunds for some investors who paid taxes on earnings from their investments with Bernard Madoff that turned out to be nonexistent.
Futures rebounded Tuesday after a report showed new home construction unexpectedly jumped in February.
Britain's tax office said Tuesday it is investigating claims by a whistleblower that Barclays, the country's third largest bank, has allegedly been planning to dodge taxes.
Monaco succumbed to international pressure over the weekend, becoming the latest country to adopt international standards for banking openness and information-sharing at a time when the United States and its European allies in battling tax evaders face what could be years of negotiations before they are able to proclaim victory.
Stocks went four for four Friday in a dramatic win that delivered stocks their best week since November.
A building materials company and its owner have appealed a $12.6 million verdict against them, alleging that a juror was posting related messages on Twitter.com while hearing the case.
Stocks opened slightly higher Friday amid some much-needed good news from banks.