Jailed swindler Bernie Madoff said it was "amazing" that he didn't get caught sooner in his multi-billion-dollar Ponzi scheme, and that everything the SEC did to investigate him prior to 2006 was a waste of time, according to a jailhouse interview he gave to SEC Inspector General H. David Kotz.

Potential losses to U.S. investors in Texas financier Allen Stanford's alleged Ponzi scheme are far more widespread than initially feared, according to a new analysis obtained by CNBC.

The court-appointed receiver who is trying to unwind the alleged Allen Stanford Ponzi scheme says he has identified $1.5 billion in assets that could be returned to victims.

Eight months after he seized control of what was left of their life's savings, a court-appointed attorney in Dallas has finally met with investors in the alleged Stanford Ponzi scheme, CNBC has learned.

Roomy Khan, the central witness who brought down the Galleon hedge fund, is a former Galleon employee with a history of financial trouble who agreed to cooperate with prosecutors after she was caught making trades using inside information, the New York Times reports.

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

In the past two years, powerful figures in both Washington and Wall Street became household names as the crisis deepened, markets and corporations struggled to survive and the federal government took drastic steps to save the economy. Whether they had a crucial hand in the crisis or were simply in the wrong place at the wrong time may not be clear for years.  Now, one year after the roughest stretch for the U.S. economy since the Great Depression, these financial titans have either stepped out of the spotlight or come to the end of their careers, voluntarily or not.  So where they now? Click ahead to find out!

The biggest commodity on Wall Street is information, and savvy players will do almost anything for it, the New York Times reports.

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

The nation's largest pension fund, the California Public Employees' Retirement System, said it is investigating fees paid to an outside manager that directed the fund's investments.

Federal prosecutors say they can be ready to try accused fraudster Allen Stanford a year from now, but the Judge in the case has agreed to hold off on setting a trial date for at least 60 days, after defense attorneys said they needed more time to review the millions of documents in the case.

Two former investors are suing the Securities and Exchange Commission for $2.4 billion in damages, claiming the agency acted with negligence while examining Bernard Madoff's investment business.

The new Supreme Court term that begins Monday will be dominated by cases concerning corporations, compensation and the financial markets that could signal the justices’ attitude toward regulatory constraints at a time of extraordinary government intervention in the economy.

The internal watchdog at the Securities and Exchange Commission is recommending dozens of reforms at the agency following its failure to detect the Madoff Ponzi scheme.