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
European Union regulators said Wednesday they would drop a threat to fine MasterCard after the company promised to temporarily cut fees it charges for cross-border card purchases which can hike costs for shops.
Yamaha Motor USA recalled about 120,000 off-highway recreational vehicles for repairs Tuesday, after two models were involved in 46 deaths.
Cramer loves himself a rant, for sure. But not the kind coming from Washington these days.
Former Enron CEO Jeffrey Skilling will be resentenced July 30, after an appeals court earlier this year ruled his 24 year sentence was too harsh.
A Colorado company that drug and medical device makers pay to oversee patient safety during clinical trials drew scorn Thursday at a Congressional hearing on whether such companies adequately supervise medical trials, the New York Times reports.
New York Attorney General Andrew Cuomo wants answers from AIG. And he’s made a new move in his effort to get them. What does it mean for the market?
Look out hedge funds, private equity firms, and other institutional investors. Outrage over the financial crisis has sparked Tim Geithner into action and you're in his sights!
A House panel endorsed a gentler approach Thursday to trying to stop bailed-out financial institutions from giving their employees big bonuses, as lawmakers indicated they were willing to put down their pitch forks and partner with industry to salvage the economy.
For the last several months, Americans have looked to Washington to lead them. But where’s the leadership on Wall Street?
Treasury Secretary Tim Geithner will unveil a four part plan to reform financial regulation when he testifies before the House Financial Services Committee Thursday.
Key Democratic lawmakers are pushing legislation that would block creditors charging high interest rates on credit cards from collecting from consumers in bankruptcy proceedings.
Lawmakers took a hard look Tuesday at rules adopted in the final days of the Bush administration on how millions of Americans with 401(k) and individual retirement accounts get guidance on investing for retirement.
A new report from SEC Inspector General David Kotz says the agency is not doing enough to address complaints about abusive, "naked" short selling.
The Internal Revenue Service is allowing tax relief and refunds for some investors who paid taxes on earnings from their investments with Bernard Madoff that turned out to be nonexistent.
"The G20, Geithner, and Bernanke correctly and calmly point out what has to happen to restore the economy: it depends a lot on the financial system and what to do about it," writes Andrew Busch.
Monaco succumbed to international pressure over the weekend, becoming the latest country to adopt international standards for banking openness and information-sharing at a time when the United States and its European allies in battling tax evaders face what could be years of negotiations before they are able to proclaim victory.
Bernard Madoff pled guilty to eleven charges stemming from his alleged $64 billion Ponzi scheme today. His victims were given a chance to speak in court, though some did not in spite of their lingering questions.
A long-running lawsuit brought by Enron investors against three financial firms over their dealings with the collapsed energy trader has been dismissed by a federal judge in Houston.
New York Attorney General Andrew Cuomo has issued subpoenas to seven top executives at Merrill Lynch -- executives who earned more than $200 million last year, according to sources familiar with the investigation.
As you may know Jon Najarian has been calling for a restoration of the uptick rule. Well, an important supporter may have just joined his ranks.