Speaker Pelosi is as good as it gets in wrestling votes for legislation she favors. She is the female version of that titan, Tip O'Neill (D. Mass.) who famously said, "All politics is local." But as good as she is, the Speaker seems to have come up short with the necessary votes to get the Senate version of the health care bill passed in the House of Representatives.
In thinking back to last year at this time as the market was just starting to turn, hardly anybody was confident enough to call a bottom.
Now some 20 years after Lewis captured the greed and hubris of the 80’s in Liar’s Poker – he’s back with a book that’s being called "The single best piece of financial journalism ever written."
Family members of admitted fraudster Bernard Madoff have insisted that they, too, are victims of the historic Ponzi scheme, and moved late Monday to dismiss a civil complaint alleging that they helped facilitate the fraud.
US-owned Metro Bank is seeking to take the UK by storm with its American-style focus on customer experience and do away with "stupid bank rules," Vernon Hill, vice chairman of Metro Bank, told CNBC Tuesday.
The Senate is already down to its final two hurdles before passing a comprehensive financial reform bill, Sen. Christopher Dodd told CNBC.
As comprehensive as the legislation may seem, the Mad Money host called it “a blown opportunity.” Here’s why.
The ranking GOP member of the Senate Banking Committee, Richard Shelby, says he agrees with "85-90 percent" of what panel chairman Chris Dodd is expected to unveil his his bill today.
Congress should allow regulators to do their jobs in supervising banks and it must regulate over-the-counter derivatives to prevent a repeat of the financial crisis, Dick Bove, financial strategist at Rochdale Securities, told CNBC Monday.
President Obama is going all in on the health care plan. He postponed an overseas trip to be on hand for a hoped for vote on the plan this coming Friday.
Barclays Capital, the fast growing investment banking arm of the UK’s Barclays group, is looking to recreate the partnership models of Goldman Sachs and Lazard before they became listed companies, the Financial Times reported.
A financial-reform bill expected from Senate Banking Chair Chris Dodd on Monday earned praise from his GOP counterpart, Bob Corker, but the two sides remained far from an agreement.
GOP members of the Senate Banking Committee fired off a letter to committee chair Chris Dodd this weekend, expressing concerns over a bill he plans to unveil on Monday.
Stocks may have a hard time finding traction ahead of the Fed's Tuesday meeting, but the trend for the market is clearly higher, strategists say.
Stocks struggled Friday but managed to pull off a gain for the week, with the S&P holding a 17-month high at 1,150.
By setting risk retention requirements at each step of the process, the very legislation intended to avoid a housing crisis could drastically reduce liquidity and cripple the ability of the secondary mortgage market to deliver hundreds of billions of dollars of low cost mortgage credit needed each year.
Stocks struggled Friday as investors digested mixed readings on the consumer: Retail sales rose unexpectedly last month, while consumer sentiment softened.
Stocks slipped into the red Friday after a report showed consumer sentiment softened in March.
U.S. stock index futures pointed to a slightly higher open for Wall Street Friday after Thursday's rally in the final hour of trading and with investors watching consumer data due later Friday.
Stocks rallied in the final hour of trading Thursday, pushing the S&P to a 17-month high above 1,150. Banks finished strong, with Citi up over 5 percent.