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.
The country needs a systemic-risk regulator, and the Federal Reserve would be a better choice than a new, hydra-headed overseer, Alan Blinder writes in the New York Times.
Forget healthcare reform by August, right now it doesn’t even look like Dems can get their bill through the House!
The financial crisis may have left investment banking bruised and embarrassed, but analysts say an industry comeback is on the way, even if it means competing in a dramatically different marketplace.
Iowa, Massachusetts and Nebraska can all make a good case for being the most-improved state in our 2009 rankings.
Nine out of the top ten states in the economy category of CNBC's Top States For Business are west of the Mississippi River and that’s largely because their unemployment rates are significantly below the national average in May of 9.5 percent.
If there’s one state that personifies the nations financial and economic problems, it’s probably California, which is something of a nation state. Though California did not suffer a precipitous decline in the 2009 rankings of our Top States For Business, it is now solidly in the bottom half
Those who may have wondered how New Jersey managed to make it to the top in 2008 can rest on their skepticism, because New Hampshire has toppled the Garden State this year.
In calculating this year’s weightings, we found some significant changes in how states pitch themselves as an attractive prospective home to business, which probably reflects stark changes, so we've adjusted our ranking formula, as well.
In our third annual look at the states that put it all together for business, Virginia is back in the No.1 spot, while last year's winner Texas falls to second.
We'll be revealing those at the top of the rankings, culminating with the 2009 winner. Tune in to find out which state is No. 1 at around 2:30 p.m. ET on "Street Signs ."
Federal regulators on Wednesday proposed new rules to restrain investment firms from making political donations to state or local government officials with an eye toward winning pension plan or other public business.
Don't be so sure that the next bull market has found its footing. According to Richard Bernstein the bulls have missed something critical.
In 2003, researchers at a federal agency proposed a long-term study of 10,000 drivers to assess the safety risk posed by cellphone use behind the wheel. But such an ambitious study never happened.
The Obama administration on Tuesday sent Congress legislation seeking to tighten government oversight of Wall Street's credit rating agencies and stem potential conflicts of interest in their business practices to protect investors.