NEW YORK -- Huxley Sommerville, group managing director at Fitch Ratings, increasingly fears another massive financial crisis. Ask him why and he tell...

* Countrywide accused of misleading investors on MBS * Largest settlement for federal MBS class action * BofA says much ...

WASHINGTON, April 2 (Reuters) - Bank of America Corp agreed to pay $165 million to resolve claims from the U.S. credit union regulator over purchas...

Maybe Wall Street fleeced itself. A new study suggests that, rather than just leading innocent investors to take losses by betting on a housing mar...

By Lawrence Hurley and Jonathan Stempel WASHINGTON (Reuters) - Goldman Sachs Group Inc suffered a defeat on Monday as the U.S. Supreme Court let st...

By Karen Freifeld NEW YORK (Reuters) - The U.S. Attorney's Office in New Jersey is investigating Credit Suisse AG over mortgage-backed securities p...

Bankers who made billions of dollars packaging home loans into bonds during the prime years of the housing boom provided false information to investor...

NEW YORK, Jan 23 (Reuters) - General Electric Co has agreed to settle a federal agency's lawsuit accusing it of misleading Freddie Mac into buying $...

JPMorgan Chase and Credit Suisse will together pay $417 million to settle charges they misled investors about the quality of residential mortgage-back...

Will open-ended easing work? Fed Opens Door on New Era In an unprecedented move, the Federal Reserve voted to expand its balance sheet by $40 billio...

The IRS possesses a fearsome audit power that gives it access to records and information that the public and litigants are yet to obtain. It should have used that power more effectively before the financial crisis.

Eric Schneiderman's lawsuit against Bear Stearns and JPMorgan Chase over mortgage-backed securities is like London at the start of the zombie movie 28 Days Later: devoid of human life.

Thing One: A Little Late, A Little Short: I know revenge is a dish best served cold, but this is getting ridiculous. New York Attorney General Eric...

A last-ditch effort by federal and state law enforcement authorities to hold Wall Street accountable for nearly bringing down the U.S. economy is unli...

Aug 14 (Reuters) - Goldman Sachs Group Inc officials won the dismissal of a shareholder lawsuit accusing them of breaching their fiduciary duties by...

WASHINGTON (AP) — The economy we've got today is more or less the economy we've got for the rest of the year. That's the message from...

When it comes to getting to the bottom of the financial crisis, it seems everyone could use a little bit more help. A government task force known a...

It is no exaggeration to say that since the 1980s, much of the financial sector has become criminalized, creating an industry culture that tolerates or even encourages systematic fraud.

Despite what the media and candidates might have you believe, real estate, home ownership and mortgages are the most important issues of the coming presidential election.

Insurance giant MetLife is suing Morgan Stanley for fraud. The suit, filed in state court in New York on Wednesday, seeks $757 million over reside...