Goldman received the subpoenas earlier this year from the U.S. Department of Justice and the Securities and Exchange Commission, the Journal reported, citing a person familiar with the matter. http://on.wsj.com/2axt8L8. The Department of Justice and the SEC declined to comment. 1 MDB, which was founded by Malaysian Prime Minister Najib Razak in 2009 shortly... » Read More
Positions were formed long ago and the talk-fest provided photo ops and little more. Observers took away what they wanted.
Senate negotiators continue to work on a bipartisan financial regulatory-reform bill, following talks Saturday that yielded no "real progress", according to one source.
Senate Banking Committee Chairman Christopher Dodd has offered a slightly watered-down proposal for a consumer watchdog agency for financial products in an effort to win Republican support.
An inability to keep short sellers in check may mean a higher authority is needed to instill discipline in the markets. Cramer interviews Sen. Ted Kaufman for more on the issue.
If you've been confused by year-long wrangling over health care reform, and the fierce differences between the parties, let me try to make it simple.
Like an insatiable flesh-eating zombie in an embarrassingly bad sci-fi flick, ObamaCare will not die. Just when you think it’s dead, The Re-Animator—President Obama—revives this corpse to feast again.
The Obama administration redoubled its efforts on Tuesday to overhaul the nation’s financial regulations, saying it would not back down from its efforts to restrict the trading activities of banks and to create a consumer agency to regulate financial products.
Delaware's short-selling senator thinks the practice is fine so long as predators don't step in and create another Bear Stearns or Lehman Brothers-type crisis.
Shareholders on Tuesday approved an increase in the number of the bank's common shares to fund its repayment of government bailout money.
Congress could have passed a more sweeping jobs bill with larger bipartisan support if Democrats had been more willing to work with Republicans, Sen. Charles Grassley told CNBC.
Simpson said, "A lot of blood hair and eyeballs have to lay on the floor before we finish. There's going to be anguishing. This is a suicide mission". It will come from all sides, the left and the right.
The Mad Money host goes head to head with five former Treasury secretaries.
A full agenda on Closing Bell as Maria Bartiromo report live from Washington today. It’s all about the economy, the consumer, jobs… jobs… jobs and healthcare.
The New York Times ran a front-page story this week called “Party Gridlock in Washington Feeds New Fear of a Debt Crisis.” As usual, they got it wrong.
As someone who studies the way people perceive risk, and the importance of trust to those perceptions, it continues to amaze me how many smart successful firms like Toyota manage to forget the importance of trust until they’re in trouble, and then they have to spend huge amounts of money and effort, for years, trying to rebuild it, writes the author David Ropeik.
The US banking system will lose 30 percent more than consensus estimates as smaller loan portfolios squeeze profits, analyst Meredith Whitney told CNBC.
At long last I have found my new hero. He is rotund and profound, graced with a hint of "Sopranos" and a hefty dose of obstinate common sense. He is Chris Christie, the newly elected governor of New Jersey, and this morning on CNBC’s "Squawkbox" he his first national TV appearance since his Obama-smiting election—and Christie crushed it.
The Magical Stimulus Tour actually only continues today. It really began more than a year ago — leaving us an uninterrupted trail of magical promises and predictions along the way.
Greece's debt swaps came to light because of the battle between big banks and regulators in the US, Gikas A. Hardouvelis, professor of finance at the University of Piraeus and chief economist at Eurobank EFG Group, told CNBC Thursday.
The Senate and the Obama administration are nearing agreement on forming a council of regulators, led by the Treasury secretary, to identify systemic risk to the nation’s financial system, officials said Wednesday.