National Economic Counsel Advisor Larry Summers told CNBC Tuesday that President Obama's call for new regulations in the financial industry has no winners or losers and is more like a re-organization than creating new agencies
President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America's troubled financial institutions, proposing the most ambitious revision since the Great Depression.
About two months ago, I wrote a column about how Matthew Weitzman, our family’s financial planner, was under investigation for reportedly siphoning money from clients’ accounts. Well, the ax finally fell on Wednesday.
Exactly a year after swindler Samuel Israel III disappeared, the girlfriend who helped him has been sentenced to four months of home confinement.
The investigation into Texas tycoon Allen Stanford and his alleged $8 billion ponzi scheme has broadened, CNBC has learned.
The SEC has released portions of emails it claims Angelo Mozilo wrote in 2006, part of its case of fraud and insider trading against the former Countrywide CEO. Investigators charge that Mozilo knew Countrywide was in big trouble, but didn't let investors know.
The SEC charged Angelo Mozilo, the former chairman and CEO of Countrywide Financial, with insider trading.
An Indiana money manager is set to plead guilty to charges of crashing an airplane near a Panhandle neighborhood in a botched attempt to fake his own death.
When General Motors emerges from bankruptcy protection, it will technically be a brand new, privately held company, yet it will be more publicly owned than ever, with taxpayers holding a 60 percent stake.
Washington is asking some painful questions about how to prevent the next financial meltdown. Should it reinvent the Federal Deposit Insurance Corporation? Abolish the seemingly feckless overseer of savings and loans? Grant new powers to the Federal Reserve?
Cramer wants the uptick rule reinstated, and he has found some friends to join his cause.
Victims of R. Allen Stanford's alleged Ponzi scheme have another party to contend with as they try to recover some of their funds: Stanford's estranged wife. Susan Stanford, who filed for divorce in late 2007 after 33 years of marriage, says she should be entitled to half of Stanford's property.
An examiner appointed by the court to represent investors is recommending the court lift a freeze on nearly four thousand customer accounts from the Stanford Financial Group.
The head of the Securities and Exchange Commission is objecting to a plan being considered by the Obama administration to create a new financial watchdog to protect consumers.
The Supreme Court said Monday that it will rule on the constitutionality of the anti-fraud law that grew out of accounting scandals at Enron and other companies.
A group of investors who lost millions in the collapse of Stanford Financial Group says it is "shocked" by a request by court-appointed receiver Ralph Janvey for nearly $20 million to cover his expenses.
Even if you've lost a bundle, don't be too quick to dump your financial counselor.
Activist investor Carl Icahn has been lobbying for increased shareholder rights. And new reports suggest he might be making some progress.
The chief investment officer for Texas billionaire R. Allen Stanford's companies, Laura Pendergest-Holt, pleads not guilty to two conspiracy counts. She remains free on a $300,000 bond issued after she was arrested in February on an obstruction charge
Former Enron CEO Jeffrey Skilling is appealing his 2006 conviction to the Supreme Court. In a 50-page petition filed Monday afternoon, Skilling's attorneys argue the conviction should be overturned because he did not put his own interest above Enron's as the government claimed, and because the Houston jury that convicted him was prejudiced by "pervasive media coverage."