NEW YORK— The owner of Stop& Shop and Giant and the parent company of Food Lion completed their $29 billion combination after receiving regulatory clearance by the Federal Trade Commission. The Dutch retailer Royal Ahold NV owns Stop& Shop. Its rival, Belgium's Delhaize Group, is the parent company of Food Lion. » Read More
Nearly a year after leaving Bank of America under a cloud of controversy involving massive losses, executive bonuses, and lavish office decorating, former Merrill Lynch CEO John Thain is set to emerge from his self-imposed seclusion Thursday at a hedge fund event in Greenwich, Conn.
JPMorgan Chase has agreed to a settlement worth more than $700 million over federal regulators' charges that it made unlawful payments to friends of public officials to win municipal bond business in Jefferson County, Ala.
Disgraced financier Bernard Madoff's longtime auditor has entered a guilty plea in a federal court in Manhattan.
The nation's biggest banks face a February deadline for submitting employee compensation plans to the Federal Reserve, according to people with knowledge of the process.
New York Attorney General Andrew Cuomo and 14 other states are filing a lawsuit against Amgen, alleging that the biotech company was offering kickbacks to medical providers to increase the sale of its anemia drug Aranesp.
The House Ethics Committee formally acknowledged that Rep. Maxine Waters (D-CA.) is under investigation for allegedly using her influence to help a bank in which her husband owned stock
If policy makers want to bring down bank pay, they should do something to make the industry more competitive, and to assure that no one expects the taxpayer to again pay all the costs if the industry blows up again. says Floyd Norris in the New York Times.
You’ve heard it before, but a health care bill looks likely to pass the House that would create a public option and ultimately cover at least 95% of the nation.
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.
The government should “pull the plug” on problem banks rather than bail them out and imposing tougher regulation on them, Roger Nightingale, strategist at Pointon York, told CNBC Wednesday.
Obama officials and House Democrats are no longer considering having financial firms pre-pay into a fund to help cover the costs of winding down too-big-too-fail financial firms, a source said.
The Fed would play less of a role in handling firms that pose a systemic risk to the economy, giving more authority to a council composed of several regulatory agencies
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.
Despite what you’ve heard, the public option might not be off the table after all.
The Smart Choices nutrition labeling program, created voluntarily by nine large U.S. manufacturers, is halting after federal regulators said such systems could mislead consumers, officials with the labeling group said Friday.
U.S. Federal Reserve Chairman Ben Bernanke Friday laid out his most detailed description yet of the central bank's post-crisis approach to regulation and said requiring big banks to hold more capital was under consideration.
A federal judge tossed out a lawsuit this week that was seeking to have Craigslist pull its “erotic services” ads.
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.
A government watchdog said the $700 billion bailout for the financial industry played a major role in rescuing the economy over the last year but also engendered anger and distrust among Americans because of secrecy and confusion about the way the program was handled.