Russia on Thursday dropped a $22.5 billion lawsuit against Bank of New York Mellon stemming from a decade-old money laundering case involving one of its former executives.
Responding to criticism that the Obama administration's $787 billion in stimulus spending hasn't done enough to boost employment, House Speaker Nancy Pelosi said the economy would be in much worse shape without it.
Listen to a top economist in the Obama administration describe Paul A. Volcker, the former Federal Reserve chairman who endorsed Mr. Obama early in his election campaign and who stood by his side during the financial crisis.
Galleon Group is winding down its hedge fund holdings, the company's embattled CEO Raj Rajaratnam said in a statement.
Prosecutors say a scientist who worked on the cutting edge of moon exploration has been caught trying to sell classified secrets to an FBI agent posing as an Israeli intelligence agent.
Do you remember that very strong European Competition czar who battled Microsoft and Intel, accusing them of anti-competitive behavior? The question now is: will she be strong enough to battle Germany’s Angela Merkel?
Federal marshals say Bernard Madoff's Long Island beach house has sold for $9.41 million.
Federal drug agents won't pursue pot-smoking patients or their sanctioned suppliers in states that allow medical marijuana, under new legal guidelines to be issued Monday by the Obama administration.
Swiss bank UBS AG warned U.S. customers by registered mail their account details may be given to U.S. tax authorities, a method that could itself breach secrecy laws, a Swiss paper said on Sunday.
Bank of America executives met today with several government entities in the continuing investigation of what the bank disclosed about losses and bonuses at Merrill Lynch when it acquired the brokerage giant late last year, CNBC has learned.
Bowing to political pressure from community bankers, the House Financial Services Committee approved an exemption on Thursday for more than 98 percent of the nation’s banks from oversight by a new agency created to protect consumers from abusive or deceptive credit cards, mortgages and other loans.
The financial system needs more efficient regulation that would happen by streamlining, not expanding, the current mechanisms, Morgan Stanley CEO John Mack told CNBC.
New rules for the largely unpoliced, $450-trillion over-the-counter derivatives market were approved by a key U.S. congressional committee on Thursday in a win for the Obama administration.
The Supreme Court will consider throwing out the convictions of former Enron Chief Executive Officer Jeff Skilling for his role in the collapse of the onetime energy giant.
Bernard Madoff got into a fight in the prison yard with another inmate over the stock market – and won, the New York Post reported, quoting eyewitnesses.
The Securities and Exchange Commission has entered an agreement with Bank of America over the disclosure of information in the Merrill Lynch bonuses case, the SEC said Tuesday.
William Browder, the founder of Hermitage Capital Management, found a new way to get his allegations of Russian corruption out to the public: YouTube.
Bank of America has agreed to hand over to investigators documents related to its purchase of Merrill Lynch, CNBC has confirmed.
Philanthropist Brooke Astor's 85-year-old son had it all but wanted more, and now he might have to face his remaining years in a stark prison cell after being convicted of looting his ailing mother's nearly $200 million estate.
The House ethics committee has expanded its investigation of Rep. Charles Rangel of New York to include his revisions to financial statements that revealed assets and income not previously reported.