Wilbur Ross, chairman & CEO WL Ross & Co., says President Obama's proposed tax changes that target U.S.-based global companies, will be a huge mistake, as they will hurt U.S. corporations dependent on overseas growth and sales.
While Wall Street obsesses over stress tests, Congress is moving on to the next hot-bottom issue—new authority over big financial firms.
Allen Stanford, the Texas billionaire facing civil fraud charges, attempted to turn himself in at the federal courthouse in Houston on Thursday, but was turned away because there is no warrant for his arrest, his lawyer said.
The Supreme Court heard arguments on Tuesday in a case that could change the way big banks are regulated.
Few things have dominated the headlines like Barack Obama's agenda to fix America’s banks. Hopefully you can swim because we’re looking at a tidal wave of change.
Federal regulators have won a court order freezing the assets of financier Danny Pang, whom they accuse of defrauding investors of hundreds of millions of dollars.
The trustee unraveling Bernard Madoff's Ponzi scheme is threatening legal action to recover $735 million from investors who unwittingly made money off the swindle.
Banks have made it difficult for Congress to help homeowners negotiate lower monthly payments on mortgages and prevent higher credit card fees and interest rates.
Federal regulators on Tuesday proposed some clarifications to sweeping new rules designed to shield consumers from unfair credit card practices.
Taxpayers are increasingly exposed to losses, and the government is more vulnerable to fraud, under initiatives that have created a federal bank bailout program of "unprecedented scope," a government report finds.
Accused fraudster Allen Stanford is asking a federal court to lift a freeze on $10 million of his assets to pay for his legal defense.
With huge losses from food-poisoning recalls and little oversight from the federal Food and Drug Administration, some sectors of the food industry are cobbling together their own form of regulation in an attempt to reassure consumers.
The court-appointed receiver in the case of Texas financier R. Allen Stanford is suing 66 former employees of the firm, trying to recover $40 million dollars for victims of the alleged scam.
The head of the Securities and Exchange Commission said Wednesday the agency must do more to tighten oversight of Wall Street's credit-rating industry to help bolster investor confidence.
A Manhattan judge has given investors a green light to go after Bernard Madoff's personal property by forcing the disgraced financier into bankruptcy.
For the last eight weeks, nearly 200 federal examiners have labored inside some of the nation’s biggest banks to determine how those institutions would hold up if the recession deepened, the New York Times reported.
A rollercoaster ride is how you'd best describe markets over the past six months. Violent swings with stocks dropping a heart-stopping 20% in one session. And that's sent investors fleeing to safe haven options.
Joe Magyer, senior analyst at The Motley Fool doesn't see gold as a hot prospect. Gold he thinks, has very little intrinsic value to it – it's basically just a really shiny, malleable metal.
The Long Island law student who is suing Bernie Madoff''s brother over the loss of his trust fund has a new and unlikely adversary: the bankruptcy trustee who is representing Bernie Madoff's creditors.
The chief executive of Goldman Sachs said the economic crisis has been "deeply humbling" for financial firms, and that banks receiving taxpayer money need to pay back the funds as soon as possible.