NEW YORK (Reuters) - Some big Goldman Sachs Group Inc <GS.N> shareholders have asked the U.S. bank to cut what could be the biggest bonuses in its history to pass more profit onto investors, the Wall Street Journal reported on Friday.

As Congress crafts legislation to impose new oversight on complex instruments blamed for hastening the financial crisis, a major sticking point has emerged over companies that use the derivatives to hedge risk.

Lehman Brothers has filed a lawsuit against Barclays Capital alleging the British bank took control of excess assets in collusion with Lehman executives when it bought its US brokerage business a year ago.

A top economic adviser to U.S. President Barack Obama warned on Friday that the urgency for changing the rules of the road for financial firms may be waning and urged Congress to act while the general public is focused on banking issues.

NEW YORK (Reuters) - JPMorgan Chase & Co <JPM.N> Chief Executive Jamie Dimon called the idea that any bank is too big to fail "ethically bankrupt" and said regulators should have the power to wind down even the largest lenders.

By Grant McCool

Two former Bear Stearns hedge fund managers were found not guilty of fraud, a decision that could make government prosecutors less likely to bring criminal charges against Wall Street executives for their role in the financial crisis.

The Obama administration's new proposal for tackling financial risk in the U.S. economy, unveiled just two days ago, came under attack Thursday from all sides, with critics targeting its funding and scope.

Congress and the Obama administration are about to take up how to deal with institutions that are so big that the government has no choice but to rescue them when they get in trouble, reports the New York Times.

The Wall Street giants that received a financial lifeline from Washington may have no compunction about paying big bonuses to their dealmakers and traders. But their willingness to deliver “thank you” gifts to President Obama and the Democrats is another question altogether.

abstract goes here

A key House panel moved to tighten rules on previously unregulated financial instruments Wednesday.

E-mail messages from Bank of America reveal formerly secret discussions about its ill-fated merger with Merrill Lynch.

During this financial crisis, many Americans turned their collective anger toward Wall Street. Geoffrey Raymond has turned this anger into street art.