If you think Libor fraud is a victimless crime, the muni-bond market has 6 billion reasons it begs to differ. States, cities and other municipal bo...

* Part of U.S. probe of $3.7 trillion muni bond market * Fraud by ex-UBS employees spanned five years -prosecution * Def...

After bank analyst Meredith Whitney prophesied a wave of defaults by U.S. cities two years ago, many investors mocked her when her prediction failed t...

Defaults on municipal bonds for decades have been far higher than reported by rating agencies, bringing into question the true risk of a common inves...

Good news, Scranton firefighters: You will once again be making more than the fry cook at your local McDonald's. The city of Scranton, Pennsylvania...

Hard times at BofA right now. But then, it's kind of always hard times for BofA, isn't it? The latest dust-up for Brian Moynihan's problem child invol...

Someday, it will go down in history as the first trial of the modern American mafia....

President Obama's so-called Buffett Rule is supposed to make certain that top-earning Americans don't pay taxes at lower rates than their assistants. ...

Government oversight of the $3.7 trillion market for municipal securities, wracked by several high-profile cases of fraud and bid-rigging, is inadequa...

WASHINGTON (Reuters) - General Electric Co acknowledged that three former traders at a finance unit engaged in bid-rigging of municipal bonds and...

From corrupt and incompetent local officials to Wall Street's credit crisis and toxic bonds, there was plenty of blame to go around on Thursday, a...

Stresses in the U.S. public sector have not put property and casualty insurance companies at great risk, despite the firms' considerable exposure ...

Meredith Whitney is quickly becoming known more for what she's gotten wrong than for what she's gotten right. Her latest claims about municipal bond defaults will only extend this trend.

NEW YORK -- As cities and states struggle with historic budget shortfalls, governments have put one item squarely in the cross-hairs: their debt. R...

As California works to repair its budget, the state treasury is ramping up its effort to reach an unusual type of bond investor: regular people. A ...

Even as the municipal bond market shows signs of recovery, analyst Meredith Whitney stood by her controversial prediction of widespread defaults. S...

NEW YORK -- As the federal government approaches its legal debt ceiling and scrambles to avoid default, the first losers will be cities and states. ...

I believe Jamie Dimon's new-found honesty about the risks of municipal bond defaults is part of a strategy to convince Congress to once again saddle taxpayers with a bailout of state and local government.