The U.S. regulator overseeing the derivatives market is set to retreat from an ambitious proposal that would have increased competition in the swaps ...
Each turn of the cycle brings tighter global connectivity and integration, everything riding on hair trigger algorithmic trading seeking to squeeze out the last drops of advantage. Many believe this interdependency has reduced the risk of catastrophic failure.
Anyway, I never gave much thought to Goodfellas being a cinematic template for the kinds of schemes, scams and financial shenanigans pulled off by the Wall Street mob until recently.
Government investigators have found that JPMorgan Chase devised āmanipulative schemesā that transformed āmoney-losing power plants into powerful...
Your deposits are protected only up to the $250,000 insurance limit, and only to the extent that the FDIC has the money to cover deposit claims or can come up with it. The question then is, how secure is the FDIC?
WASHINGTON -- The recent Wall Street deregulation push in Congress has been fueled by a significant disparity in campaign donations from big banks: Me...
WASHINGTON -- A House Committee approved six new bills to deregulate Wall Street derivatives on Wednesday, advancing legislation that would expand tax...
WASHINGTON -- A bipartisan cadre of House lawmakers will move on legislation to deregulate Wall Street derivatives Wednesday, less than a week after S...
JP Morgan has finally, finally been brought up to account in the congressional hearings yesterday. Senators Levin and McCain could barely contain their disdain and outrage suffering the self-serving and evasive responses to their incisive and deeply prepared questioning.
WASHINGTON -- Rep. Jim Himes (D-Conn.) spoke to HuffPost Live on Wednesday to defend his new bill that would weaken regulations on some financial deri...
Rep. Jim Himes (D-Conn.), a former Wall Street executive, is joining Rep. Randy Hultgren (R-Ill.) to introduce legislation that would undercut one of ...
A crucial change in the way financial derivatives are packaged and sold on Wall Street is enabling traders to bypass new regulations aimed at limiting...
WASHINGTON -- House Ways and Means Committee Chairman Dave Camp (R-Mich.) is considering legislation that would significantly increase taxes for the n...
During the financial crisis, German banking behemoth Deutsche Bank seemed like one of the few banks in the U.S. and Europe strong enough to weather th...
The only thing the credit-rating agencies lost in the financial crisis was their reputation, despite midwifing the disaster. Now they're at risk of lo...
The collapse of Lehman Brothers four years ago today was the Pearl Harbor moment of a financial crisis that, over the next few months, threatened to b...
As ProPublica has been detailing for two years, Wall Street banks and the hedge fund Magnetar worked together to build mortgage-backed deals that the ...
The Fed must desist in funding the trading operations of Mega-Bank Holding companies so that they can no longer use the Fed window to play casino with commodities that are basic to our economic well-being.
The news on Wednesday that cities and states are suing some of the world's largest banks over Libor manipulation shows how this scandal could blow up ...
A federal judge has described Goldman Sachs as "Orwellian," which doesn't mean the company is staffed by talking pigs, but rather that -- like the Ing...
With Jamie Dimon called on the carpet before the Senate Banking Committee Wednesday, it almost seemed like for a moment bankers were going to be held ...