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"Goldman Sachs Group Inc. confirmed Monday that its chief executive, Lloyd Blankfein, and other executives hired outside lawyers to advise them after the U.S. Senate referred a report on the bank's activities to the... Read More
"Chinese banking officials said Bank of America Corp. will keep at least half of its 10% stake in China Construction Bank Corp., disappointing investors who hoped the largest U.S. bank by assets would sell more of the... Read More
"The moves come as S&P faces questions about its controversial downgrade earlier this month of long-term U.S. debt and as the Securities and Exchange Commission and U. S. Justice Department look closely at the... Read More
"The number of American households that fell behind on their mortgages increased slightly in the second quarter from the previous quarter, according to a survey released Monday, an unwelcome sign for the U.S. economy.... Read More
"Lackluster economic data and weeks of stock-market gyrations are spurring forecasters to cut projections for U.S. growth for the second half of the year and beyond." Read the full article at The Wall Street... Read More
The revelation that the Securities and Exchange Commission had a history of destroying documents has once again raised questions about how well the agency has exercised its enforcement authority. Although Matt Taibbi in... Read More
Tough new anti-fraud and manipulation rules for futures and swaps that came into effect last week have caught trading firms unprepared for a coming crackdown. Traders are crowding into seminars and some firms are... Read More
"Eric T. Schneiderman, the attorney general of New York, has come under increasing pressure from the Obama administration to drop his opposition to a wide-ranging state settlement with banks over dubious foreclosure... Read More
"Record-low yields on U.S. Treasuries show traders expect Federal Reserve Chairman Ben S. Bernanke to signal as soon as this week that the central bank will begin a third round of asset purchases to boost the... Read More
Citigroup Inc. and Bank of America Corp. were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of... Read More
"Tough new anti-fraud and manipulation rules for futures and swaps that came into effect last week have caught trading firms unprepared for a coming crackdown." The Financial Times http://www.ft.com/intl/cms... Read More
"Banking regulators should consider temporarily lowering capital requirements in an effort to boost the feeble supply of credit to the economy, according to a top official at the Bank of England." Read the full... Read More
"This is not the time for the usual demands by business for fewer regulations and lower taxes. The economy is too fragile and the deficit too high — in no small part because the George W. Bush administration spent... Read More
"In recent weeks, lawyers and Wall Street trade groups have gathered in Washington to ponder the next big case. Lawyers branded one meeting, held by the  United States Chamber of Commerce, as 'Dodd-Frank... Read More
"Global economic policymakers who looked in the medicine cabinet this week as their patient began to show signs of a recessionary relapse will not have liked what they found. Some of the best treatments have run out and... Read More
"Rising funding costs for European banks are stoking fears that they could be forced to cut back lending and drag down the already struggling world economy." Read the full story at Financial Times
"Representative Barney Frank, a Democrat of Massachusetts, got it exactly right this week when he asked the Federal Reserve to do more than just rubber-stamp the proposed purchase of the online bank, ING Direct, by... Read More
"The Securities and Exchange Commission did not have authority to dispose of investigation documents that the agency had been routinely purging since 1993, the National Archives and Records Administration said."... Read More
"Unemployment rates rose in July in more than half the states for the second straight month, evidence that job growth remains weak nationwide." Read the full story at The Washington Post
"... for a coterie of economists who have studied decades of downturns, the recovery from the most recent recession is likely to be one of the most difficult and protracted in U.S. history, simply because of the... Read More