The Founding Fathers left one legacy not celebrated on Independence Day but which affects us all. It's the national debt.

Ready to give your soul for a loan in these difficult economic times? In Latvia, where the crisis has raged more than in the rest of the European Union, you can.

PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorized trades earlier this week which landed the firm with a loss of nearly $10 million.

Bank of Ireland has maintained its forecast for loan impairment charges of 6 billion euros ($8.5 billion) in the three years to March 2011, it said on Friday, adding it has seen strong pressure on margins.

The financial system is crashing and action must be taken by the US government to convert debt into equity to produce a more stable environment, Nassim Taleb, author of "The Black Swan," told CNBC Thursday.

A rogue trader has left a London-based oil brokerage with losses of almost $10 million following a series of unauthorized trades two days ago believed to have caused a spike in global crude prices.

GMAC said on Wednesday that it has converted to a corporation from a limited liability company, a move that could allow the auto and mortgage lender to sell shares to the public.

U.S. Marshals seized Bernard Madoff's $7.5 million penthouse apartment Thursday as part of a forfeiture order agreed to by Ruth Madoff last week.

Moody's Investor Service said it placed the ratings of HSBC's Mexican unit under review, warning that its credit card portfolio could lead to higher-than-expected losses.

U.S. securities regulators proposed Wednesday giving investors a greater say on executive pay at companies that have received taxpayer funds, as requested by Congress.

Citigroup has increased interest rates on up to 15 million U.S. credit card accounts just months before curbs on such rises come into effect, the Financial Times reported citing people close to the situation.

The U.S. Treasury Tuesday sent Congress proposed legislation to create a new regulatory agency with sweeping powers to write and enforce tough new consumer protection rules on banks and other financial institutions.

The U.S. Justice Department said Tuesday it was pursuing its lawsuit against UBS to force the Swiss bank to identify thousands of U.S. clients with secret accounts at the Swiss bank.

Lloyds Banking Group said Tuesday that it expects to cut nearly 1,800 jobs in its group operations and wholesale divisions over the next three years as it consolidates the merger of Lloyds TSB and Halifax/Bank of Scotland.

As investors continually look for an edge, social media sites like Twitter have become a popular tool for raw information—and rumors.