Goofy videos weren't on the minds of Len Kleinrock and his team at UCLA when they began tests 40 years ago on what would become the Internet. Neither was social networking, for that matter, nor were most of the other easy-to-use applications that have drawn more than a billion people online.
With the toll of bank failures surging, regulators are expected Wednesday to ease rules they proposed only last month for private investors seeking to buy failed institutions.
It seems the cash for clunkers deal may have hit a sour note. And CNBC’s Phil Lebeau is all over the surprising development.
Nearly 10 more Swiss and other European banks holding wealthy US citizens accounts were identified using a tax-evasion amnesty program in the US, the Wall Street Journal reported on its Web site Wednesday.
The industry self-regulatory organization that was supposed to police the brokers at the Stanford Financial Group acknowledges it received a tip from an employee in 2003 that the company was running a Ponzi scheme, but did not follow up on it because of the agency's own policy.
Several banks, including two in the U.S., face new scrutiny as investors and regulators try to sort out the alleged Stanford Ponzi scheme, CNBC has learned. At issue: what the banks and regulators knew about massive deposits and withdrawals from Stanford over the years.
You can’t move on Wall Street without hearing bears talk of a coming correction. Considering stocks plunged more than 2% on Monday, are they right?
Markets will take measure of the American consumer Thursday, when monthly retail sales for July are released and Walmart reports its quarterly earnings.
We know Abby Joseph Cohen called a new bull market. But what if she’s wrong? And we mean terribly wrong!
The SEC said Thursday that former American International Group CEO Maurice "Hank" Greenberg agreed to pay a $15 million fine to settle fraud charges.
The Federal Trade Commission Thursday issued a final rule that it said will prohibit market manipulation in the petroleum industry.
A regulatory ban on so-called flash trading, which gives some big brokerage firms a split-second advantage in buying and selling stocks, will take time to implement, Securities and Exchange Commission Chairman Mary Schapiro told CNBC.
The new head of the Bureau of Consumer Protection at the Federal Trade Commission, David C. Vladeck, says it is time for that to change. In an interview, Mr. Vladeck outlined plans that could upset the online advertising ecosystem.
Investors are whispering about the latest government crackdown on Wall Street. With tighter regulations imminent, what happens to profits?
Next to a Chinese restaurant in Burlington, Vt., lurks a quiet guardian of Wall Street — an obscure insurance company that is supposed to protect big-money investors in the event of a catastrophic failure of a major brokerage firm. A failure, for instance, like the one that brought down Lehman Brothers nearly 11 months ago. Now, after years in the shadows, the insurer, the Customer Asset Protection Company, could finally be put to the test, and questions are starting to swirl.
Charles E. F. Millard, head of the Pension Benefit Guaranty Corporation, is under investigation for inappropriate contacts with Wall Street firms seeking to obtain lucrative contracts.
Wonder why your returns don’t look like the pros? Turns out they may have an unfair advantage.
The bill was was approved Tuesday by the House Financial Services Committee, which Frank chairs. The measure was approved in a 40-28 party-line vote.
The first study of drivers texting inside their vehicles shows that the risk sharply exceeds previous estimates based on laboratory research - and far surpasses the dangers of other driving distractions.
Federal regulators on Monday made permanent an emergency rule aimed at reducing abusive short-selling, put in at the height of last fall's market turmoil.