DUBLIN— Three former senior bankers were sent to prison Friday for their roles in concealing the loss of billions in deposits at the defunct Anglo Irish Bank, the biggest accounting fraud in Irish corporate history. Judge Martin Nolan told the trio— former Anglo executives Willie McAteer and John Bowe and former Irish Life and Permanent chief executive Denis... » Read More
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.
U.S. securities regulators will consider about 4 proposals to restrict short selling, a type of investing blamed for accelerating the severe downturn in financial services stocks.
"This is a really big moment," says one investment pro. "The real question in my mind is if we are dragging the floor up."
Cramer is not clairvoyant. But that doesn't preclude him from using his experience and insight to help you outperform the averages.
Banks are expected to get some relief Thursday on how they price billions of dollars in toxic debt. But the changes could just add more confusion—and won't make banks more attractive to investors.
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.
Suspending regulatory capital requirements is more viable than adjusting mark-to-market accounting rules, said James Chanos, Kynikos Associates president & founder.
A new report from SEC Inspector General David Kotz says the agency is not doing enough to address complaints about abusive, "naked" short selling.
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.
The most obvious pothole on the road to reparation is mark-to-market valuation; and it remains a mystery to me as to why this less than two-year old accounting rule remains the most ignored portion of debate.
The head of Stanford Financial Group charged with orchestrating an $8 billion fraud tried Tuesday to get a one-way flight out of the country, a source told CNBC.
The attorney for former Enron CEO Jeffrey Skilling says he will appeal to the U.S. Supreme Court, now that an appellate court has denied his request to re-hear the case.
The heads of the Fed and Treasury are signaling that they plan to take more steps to ease credit and jump-start the economy.
Carmen and Tracy Coenen, a forensic CPA with Sequence Inc., explain how the alternative minimum tax -- which was originally designed in the 70s to tax those who were considered wealthy by the standards of those days but now squeezes the middle class -- has been patched in the bailout bill passed today.
Why is New York moving to regulate a complicated part of the derivative market? Because no one else was keeping an eye on it, says the state's insurance chief.
Three more more financial firms, including Merrill Lynch and Goldman Sachs, reached settlements over the sale of auction-rate securities, a $330 billion market that collapsed in February.
Merrill Lynch CEO John Thain met with New York Attorney General Andrew Cuomo on Thursday in an attempt to reach a settlement of the auction-rate securities probe, CNBC has learned.
Merrill Lynch reached a settlement with Massachusetts over auction-rate securities, the latest in a string a accords between regulators and Wall Street firms over the $330 billion market that collapsed in February
Merrill Lynch has until Friday to settle an auction-rate securities case with New York Attorney General Andrew Cuomo's office or it will face a lawsuit, Cuomo warned during a CNBC interview.
New York attorney general Andrew Cuomo is preparing to file civil securities-fraud charges against UBS, possibly as early as this week, the Wall Street Journal said on Wednesday.