LONDON, July 26- British regulator Ofcom on Tuesday said BT's network division should become a legally separate company within the telecoms group, to improve broadband coverage and avoid the need for a full break-up of the firm. Rivals to Britain's biggest telecoms groups had lobbied hard to persuade Ofcom that competition would be best served by completely... » Read More
Hedge funds were not responsible for the current credit crisis, but could cause the next financial crisis if they are not under the right regulatory control, Lord Adair Turner, chairman of the Financial Services Authority, told CNBC.
Bank of America is ready to disclose details of Countrywide's former VIP program of preferential mortgages if a law enforcement body, Congress or other government bodies, issues a subpoena, documents obtained by CNBC show.
An appeals court has ruled that federal energy regulators have control over a key estimate used in determining electricity pricing in New England, and not the six states themselves.
In his newest book, The 86 Biggest Lies on Wall Street, John Talbott answers my question first by writing, "I know what you're thinking, how was I able to narrow down the number of lies to just eighty-six."
Disgraced investment manager Bernard Madoff will be seeking leniency at his sentencing on June 29, according to a letter his lawyer filed with US District Court in New York.
The sick business of betting against people’s lives.
The financial sector reforms in the US did not go far enough to ensure the banking system was free of risks and easier to regulate, and more steps need to be taken to ensure banks are not too big to fail, Nouriel Roubini, chairman of RGE Monitor, told CNBC Monday.
So tell me, who doesn't like to eat the chocolate chip cookie batter before it's baked? But some folks are learning the hard way that it's not a great idea. And Nestle is paying the price.
President Obama's proposed financial reform has sparked a debate among lawmakers and members of the financial sector. Some argue that the plan's creation of a separate consumer protection agency will cause unnecessary confusion, while others say it will give the Federal Reserve too much power. CNBC talked to the experts for their opinion on the proposal.
Stocks snapped a three-day losing streak Thursdayas a trio of encouraging economic reports — the Philadelphia Federal Reserve's manufacturing report, leading indicators and weekly jobless claims — fueled recovery hopes.
Stocks advanced Thursday as a trio of encouraging economic reports — the Philadelphia Federal Reserve's manufacturing report, leading indicators and weekly jobless claims — fueled recovery hopes.
Stocks advanced Thursday after an encouraging report on manufacturing from the Philadelphia Federal Reserve.
The latest polls reveal a growing public revolt against massive deficits and massive government intervention, especially among independent voters. We sorely need limits on spending, borrowing, debt creation, TARP-ing, bailing-out and government expansion.
The economy will recover this year but at a slow enough place to cause challenges for investors, a panel of financial experts told CNBC.
There is a sentence in the new financial regulatory proposal that has me out of my seat. It says, "We also propose that the Federal Reserve Board receive prior written approval from the Secretary of the Treasury for emergency lending under its 'unusual and exigent circumstances' authority."
Federal Reserve Chairman Ben Bernanke deserves to be reappointed, because he did a great job in saving the US banking system from collapsing, Jack Welch, author of "Winning" and "Straight from the Gut," told CNBC Thursday.
The big winner of the Obama financial-regulation plan appears to be the Federal Reserve, which becomes the consolidated supervisor of large, systemically important banks.
US stock index futures were flat Thursday as investors digested the Obama Administration’s changes to financial regulation and looked toward key economic reports including jobless claims.
Market manipulators are bound to find a way around sweeping reforms proposed for the financial services system, hedge fund manager James Chanos told CNBC.
National Economic Counsel Advisor Larry Summers told CNBC Tuesday that President Obama's call for new regulations in the financial industry has no winners or losers and is more like a re-organization than creating new agencies