FORT LAUDERDALE, Fla. -- Last December, when she was still investigating foreclosure fraud as a top lawyer in the Florida attorney general's office, June Clarkson gave a PowerPoint presentation to a legal association.

Her presentation amounted to an indictment of Lender Processing Services, or LPS, a company near the center...

NEW YORK -- Kentucky Attorney General Jack Conway has added his name to a list of state law enforcers who fear that a settlement being negotiated among government officials and big banks isn't backed by a sufficient investigation into potential wrongdoing.

As law enforcers approach a deal with banks to...

NEW YORK -- As government officials work to settle claims that the nation's biggest banks illegally foreclosed on American homeowners, Minnesota Attorney General Lori Swanson has joined a group of law enforcers pushing for a narrow deal that would leave banks exposed to potential legal action in the future.

In...

NEW YORK -- Bank of America's announcement that it plans to shed 30,000 jobs doesn't address the bank's most pressing concerns, experts said Monday.

The job cuts come as part of an initiative known as Project New BAC, the first phase of which aims to save $5 billion...

NEW YORK -- Take a walk down Wall Street, and the change is immediately apparent.

Off Nassau Street, the former Seamen's Bank for Savings building houses a New York Sports Club, with a sign out front that reads "Invest in Yourself." A block east, a former Bank of New York...

The federal government late Friday filed lawsuits against 17 financial institutions, including some of the nation’s largest banks, alleging a pattern of fraud in their packaging and selling of roughly $200 billion worth of mortgage-linked securities. The suits amount to one of the most significant legal actions to...

NEW YORK -- On Thursday, Goldman Sachs gained the government's blessing to sell off its mortgage unit, but not without a couple of reprimands.

The investment bank, which had been trying for months to exit the retail mortgage business that has been a source of prolonged headaches for other institutions,...

NEW YORK -- The multi-billion dollar capital injection that Bank of America said it's getting from Warren Buffett's company is an extremely safe investment, experts said Thursday -- but not because Bank of America is a strong company.

Berkshire Hathaway's investment is safe, these finance experts said, because the government...

NEW YORK -- There's a dark force out there that's been hammering stocks indiscriminately, with no regard for individual companies' statements of financial health: the economy.

Unlike in quiet times, when stock traders respond to reports of individual companies' earnings, today's grim economic climate has financial players treating different companies...

NEW YORK -- A director of the Federal Reserve Bank of New York, who is supposed to represent the public, has provoked criticism that she has a conflict of interest as she defends Wall Street against the state's top law enforcer.

Kathryn Wylde, deputy chair of the New York Fed's...

As the economic recovery remains slow, many Americans have found that basic payments have suddenly become unaffordable.

Those payments include medical bills, which increasingly are pushing Americans into personal bankruptcy, the New York Times reports. About a fifth of people seeking financial counseling this year and last said...

NEW YORK -- As the financial world absorbs news that the federal government is apparently investigating potential misbehavior at Standard & Poor's, the reported probe lends credence to findings of a Senate panel, which said the credit rating agency helped cause the financial crisis.

The Department of Justice is looking...

NEW YORK -- As the Federal Reserve attempts to stimulate the economy and avert a new recession, one of the central bank's most basic tools isn't working, a top Fed official said in a speech Wednesday.

The Fed promised last week to hold interest rates at rock bottom for the...

NEW YORK -- The Securities and Exchange Commission has accused a brokerage firm of duping five Wisconsin school districts into placing highly risky bets with public money -- bets that resulted in fat fees for the broker and devastating losses for the public.

The case exemplifies the kind of behavior...

NEW YORK -- American state and city governments already struggling to balance their books now must brace for the prospect of increased borrowing costs as Standard & Poor's plans to reevaluate their credit ratings.

Fresh off its unprecedented downgrade of the federal government's creditworthiness, the rating agency said that it...

NEW YORK -- Stocks suffered one of the worst sell-offs in history Monday, as investors adjusted to a new world in which the United States government doesn't have a perfect credit rating, and a fresh recession seems increasingly possible.

The Dow Jones Industrial Average lost more than 630 points, logging...

NEW YORK -- With the United States government now shorn of its top credit rating by Standard & Poor's, experts are increasingly worried that the American economy is headed back into recession, while Europe appears vulnerable to another shock.

The announcement that the rating agency had reduced the U.S. government's...

NEW YORK -- Stocks plunged Thursday in the worst one-day drop in more than two years, as investors absorbed fears that the American economy could enter a new recession.

The Dow Jones Industrial Average dropped 4.3 percent during the day, and the Standard & Poor's 500...

NEW YORK -- Three years after the worst economic downturn in generations, the American economy increasingly appears vulnerable to another recession.

Months of slow growth and external shocks have wounded the economy to a critical extent, economists say. After Washington lawmakers agreed to raise the nation's debt ceiling in exchange...

HSBC, Europe's largest bank, is firing people in Europe and the U.S., and hiring people elsewhere.

With profits from its Asian and Latin American businesses rising, the bank plans to hire up to 4,000 people a year in emerging markets, chief executive Stuart Gulliver said Monday, according to...