When it comes to bonds, the client is conveniently never shown how to settle based on prices. Instead they are taught a nonsensical and more complicated method called yield settlement.

I'd just turned 20 when I began a three-year stint on Citigroup's corporate-derivatives team. I had no work experience to speak of. As my boss said after my interview, I was "f***ing unpolished."

The turmoil after Lehman Brothers' bankruptcy two years ago created a rare money-making opportunity for a certain type of debt trader, according to a ...

WASHINGTON — The former chief executive of Lehman Brothers said he has "absolutely no recollection whatsoever" about an accounting maneuver that...

The most disturbing part of the Goldman lawsuit is that it confirms Goldman's reputation of doing whatever it takes to win, even if it damages their clients and society as a whole.

It's time to bring back William K. Black and resolute regulators like him. Our proposed "financial reform" bill is a sham, and the health of our society and our economy is at stake.

A deeper examination of the relationship between all the audit firms and their clients on the issue of risk-obfuscation is needed. Limiting any inquiry to Lehman alone is inadequate. To start, here are a few simple questions.

Where are the emails from Fed and Treasury/ To Goldman, Lehman and AIG?/ Until we know who knew what and when/ How can we trust a single one of them?

Did Goldman and the other banks know for certain that the bankruptcy of AIG was no longer a risk for them? That the Fed and Treasury were now irrevocably committed to saving AIG?

Goldman was not assisted by the government to become a voracious and even heftier investment bank. Rather, one can presume that the government's assistance was to prevent systemic failure.

Did Goldman Sachs dissemble and equivocate in its responses to the New York Times?

It is scandalous that those in government vested with the responsibility of financial oversight have permitted a culture of "heads they win, tails we lose" to take hold and to grow into a financial Frankenstein.

(AP) NEW YORK — Lecturing Wall Street on its own turf, President Barack Obama warned financial leaders not to use the recovering economy to race...

True, thousands of financial industry jobs have vanished and several of the country's best-known banks and brokerage firms have disappeared. Since a p...

New Jersey is suing executives and board members of bankrupt Lehman Brothers Holdings Inc., claiming they solicited the state to buy stock in the inve...

"Our recovery may take years," the economist concluded over our last cup of coffee, "But smart people who work hard will always find a place." Talent will as always, he believes, find a home.