News Source: Asian Wall Street Journal
| about 15 hours 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
| 4 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
| 6 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
| 7 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
| 11 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
News Source: Washington Post
| 12 days ago
That measure could come to a vote in the House Financial Services Committee on Thursday, though its prospects for success remain uncertain...Kanjorski (D-Pa.), would empower federal regulators to dismantle financial firms before they grow so large
News Source: Los Angeles Times
| 12 days ago
A House committee voted Wednesday to give the government extraordinary new power to break up large financial firms that pose a potential risk to the economy. The proposal by Rep. Paul Kanjorski (D-Penn.) would allow regulators to break up such big
News Source: Seattle Times
| 12 days ago
A House committee voted Wednesday to give the government the right to dismantle financial firms that are so big, interconnected and leveraged that they could harm the economy, even if they are healthy. Voting along party lines, the House Financial