John Carney covers Wall Street and finance for CNBC.com, where he runs NetNet, the go-to blog to get the low-down and the high jinks of Wall Street.
Carney joined CNBC in 2010 after serving as managing editor of Business Insider's Wall Street and economics section. Prior to that he was editor in chief of DealBreaker.com, a Wall Street online tabloid.
His writing has appeared in The Wall Street Journal, The New York Times, The New York Sun, Page Six Magazine, the New York Post, Fortune, Gawker and New York magazine.
He is a frequent guest on CNBC's "Power Lunch" and public radio′s "Marketplace." His writing often takes controversial positions on business topics. He has argued, for example, that failed banks should not be bailed out, that Lehman′s collapse was not a disaster and that insider trading should be legal.
Carney received a law degree from the University of Pennsylvania and practiced corporate law at firms such as Skadden, Arps, Slate, Meagher & Flom and Latham & Watkins. He primarily represented banks, hedge funds and private equity firms.
Follow John Carney on Twitter @Carney.
The Federal Reserve lent a total of $8.95 trillion to primary dealers in exchange for a wide range of collateral under its Primary Dealer Credit Facility.
UBS has launched a pilot program that will allow its employees to use iPhones and iPads to receive work email, according to a person inside of the Swiss bank.
While the leaked diplomatic cables published this week by Wikileaks have been roiling the global political scene, bank executives should be on guard. Wikileaks founder Julian Assange just announced that he has a trove of documents revealing unethical behavior at one of the largest banks in the US.
For most of the past decade, renting a home has been a smarter move than buying one in most areas of the United States. The cost of renting a similar home has been far less than owning one, even after things like mortgage interest tax deductions are taken into account.
The idea of decriminalizing insider trading—and perhaps even removing some of the securities regulation rules that impose civil sanctions on insider trading—is finally becoming respectable.
Bill Gross thinks conditions are ripe for a crisis, and he points a finger at Pimco to be at the center of the storm.
Puerto Rico isn't turning out to be the golden opportunity hedge funds and other big money investors once thought it was.
Billionaire investor John Paulson is looking to make more money on health care.
When it comes to municipal bonds, the headlines can drown out the news.
Nobel Prize-winning economist Robert Shiller says that his key valuation indicator is flashing warning signs.
The Fed is in the early stages of an analysis on changes in bond market liquidity, amid signs that liquidity may be less resilient than in past.
Janus Capital acquired a majority interest in Kapstream Capital and said Kapstream's Palghat will support Bill Gross as co-portfolio manager of the Janus Global Unconstrained Bond strategy.