News Source: The New York Times
| about 10 hours ago
Federal prosecutors and officials from the Federal Bureau of Investigation and the Securities and Exchange Commission were investigating instances of Mr. Rajaratnam receiving confidential Intel sales data from a then-employee, Roomy Khan...Khan had
News Source: The Hill
| about 17 hours ago
In a lengthy letter to Speaker Nancy Pelosi (D-Calif.) and House Education and Labor Committee Chairman George Miller (D-Calif.), the American Bankers Association (ABA) urged lawmakers not to increase the amount of money credit unions may lend. ABA
News Source: Seattle Times
| 1 day ago
A House panel is planning to hold its third hearing on Bernard Madoff's massive fraud scheme. Rep. Paul Kanjorski, D-Pa., who heads the House Financial Services subcommittee on capital markets, said Wednesday that the Dec...Madoff pleaded guilty in
News Source: Asian Wall Street Journal
| 4 days ago
Congress wants to close a legislative loophole that has led to the dismissal of many corporate whistleblower complaints, undermining the government's goal of protecting employees who report fraud at publicly traded companies. Democratic lawmakers are
News Source: The Motley Fool
| 7 days ago
During last fall’s financial Armageddon, many of Wall Street’s biggest banks faced a stark choice: Either take government money to stay alive, or go bankrupt...Chrysler , and Chrysler Financial still retain those funds, and they’re paying the
News Source: The Motley Fool
| 10 days ago
The failure of Lehman Brothers last year froze the global financial system, causing the government to bail out every major bank on Wall Street (directly or indirectly). Since then, the looming question has been: How do we deal with banks that are
News Source: Chicago Tribune
| 11 days ago
Momentum is growing to deal with financial institutions deemed too big to fail by breaking them up so they're not so big in the first place. "The era of the big bank is over," said Simon Johnson, a professor at the Massachusetts Institute of
News Source: The New York Times
| 15 days ago
In a display of populist anger toward the Federal Reserve , a House panel voted on Thursday to let Congress carry out sweeping new oversights of the central bank’s policy decisions and operations. The House Financial Services Committee approved a