Did euro area policymakers finally pull a real live rabbit out of the hat? The headlines from Friday's summit are certainly impressive, advancing much quicker than expected and delivering the surprise of allowing the EFSF to intervene in the primary debt markets.
The world's biggest nuclear power is France, where 58 plants generate 75 percent of the nation's electricity.
At least as noteworthy as what attorneys did say in two-and-a-half hours of opening statements in the Raj Rajaratnam insider trading trial is what they did not say.
The inspector general for TARP has 45 investigators across the country empowered to carry guns and badges, and 27 vehicles with sirens and lights. Known as SIGTARP agents, they are empowered to make arrests, and they’ve done just that 23 times, a spokesman said.
Demand is growing for "synthetic" financial instruments that enable investors to take positions in the US junk bond market without owning the underlying securities.
Suze Orman says a reverse mortgage can end up sinking you financially, saying the biggest risk with a reverse mortgage is that you do not stand in the truth of your situation.
I am in the middle of reading a book from 2008 that more or less "predicted" the unrest that we're now witnessing in the Middle East and North Africa.
Perhaps the greatest mystery in the world of finance and economics is why Fed Chairman Ben Bernanke refuses to acknowledge that paper money creation by central banks produced the “global savings glut.”
European banking regulators are preparing to introduce a “near fail” category into the new stress test process as part of a mechanism to force recapitalizations on weaker banks, the Financial Times reported.
Investors should be cautious and not just "buy the market"; many companies perform better in changing and changed economic circumstances and therefore as the sugar rush initiated in the first quarter of 2009 fades, this is the discipline that investors should once more return to.
The chief executive of UBS has attacked the UK government for its public neglect of the City of London, warning that tougher regulations will see investment banking business go to Asia and the US. The FT reports.
Republicans will present a plan to Congress next month to deal with the deficit by cutting entitlements, Rep. Paul Ryan, (R-Wisc.), chairman of the House Budget Committee, told CNBC Wednesday.
Hamstrung by shrinking budgets, the police say the volunteers are indispensable in dealing with low-level offenses and allow sworn officers to focus on more pressing crimes and more violent criminals. The New York Times reports.
The Securities and Exchange Commission's charges against ex-Goldman Sachs board member Rajat Gupta on insider trading is yet another blow to investor confidence, Matthew Halbower, CEO and chief investment officer of hedge fund Pentwater Capital Management, told CNBC Tuesday.
At least two federal regulators confirm they have reached an agreement on the terms of a Qualified Residential Mortgage, according to government sources.
Shares of Yoku, the Chinese Internet video company, may have been saved from a severe drop today by a new SEC rule on short selling.
In the last few weeks, a number of big banks have successfully bundled and sold new securities backed by commercial real estate loans. The NYT Reports.
Italian banks, which are shareholders in the country’s central bank, want to have their stakes in the Bank of Italy marked-to-market on the back of surging gold prices.
The Senate on Monday will begin debating a bill that critics say will undermine American strength abroad, plunder the United States economy and exceed the government’s constitutional authority. The subject: patent reform. The New York Times reports.
JPMorgan Chase has raised its voice in the chorus of banks objecting to how the Fed is interpreting the Durbin amendment. Durbin is an amendment to the Dodd-Frank Act that would cut fees merchants pay on debit cards.