Finance
Goldman Sachs was ‘doing God's work' - but it is now being investigated for fraud. Harry Wilson reports.
At an event hosted by The Economist magazine on Wednesday, George Soros warned investors that the methods used to resolve the 2008 financial crisis are no different than the methods that helped cause the crisis to begin with.
Warren Buffett, America's most famous, chairman of Berkshire Hathaway Inc., launched an attack Saturday on bank giants' executives, calling for penalties for those who led their companies to near-collapse.
Dominique Strauss-Kahn, the head of the International Monetary Fund, said Friday the organization might explore the options of providing countries with a global reserve currency as an alternative to the U.S. dollar.
The US central bank has launched an inquiry into derivatives contracts arranged between Goldman Sachs Group Inc. and investment banks with Greece, Ben Bernanke, chairman of the Federal Reserve, said on Thursday. .
CIA workers trained Wall Street firms to detect lies
It is hard to imagine two more distrusted and reviled professions. One has been accused of torturing detainees and failing to track down Islamist terror suspects; the other is widely perceived to be responsible for the worldwide recession.
New US bank plan offers lending incentive -Treasury Secretary
The Obama administration's new plan to revive small business lending would reduce the cost of government capital for small banks as they make more loans, U.S. Treasury Secretary Timothy Geithner said on Tuesday.
Wall St Hits Back At Obama's Bank Curbs
Wall Street executives hit back on Thursday at U.S. President Barack Obama's plan to curb big banks, questioning whether proposals reaffirmed in his State of the Union address would ever become law.
Senate panel to hold hearing on Obama bank limits
The Senate Banking Committee intends to hold a hearing on President Barack Obama's proposals to limit banks' risk taking, a spokeswoman said on Friday.
Obama to announce Thursday tougher restrictions on size and complexity of banks
WASHINGTON — President Barack Obama, eager to harness and redirect voter anger over bank bailouts, is ramping up his war on Wall Street.
Icelanders sign up against plan to pay off banking debt to foreign investors
Iceland's president is under pressure to sign a law that would pay overseas compensation on behalf of one of the country's failed banks. Voters have signed a petition calling on him not to do so.
Wells Fargo Awards Stock Bonuses Worth $25 Million to Top Executives
Wells Fargo (NYSE:WFC) announced on Thursday that its top four executives would receive stock bonuses worth approximately $25 million, although they were quick to add that no cash bonuses would be paid out for 2009.
US Banks Roll Out New Check, Card Fees
The nation's banks will be bombarding customers with new fees and products in 2010 as they try to replace more than $50 billion in revenue wiped out by new rules that clamp down on certain business practices.
Obama to meet with small and community bankers
WASHINGTON — President Barack Obama will discuss the economy, lending to small businesses and financial regulation when he sits down at the White House with representatives of a dozen small and community banks.
President Barack Obama presses big banks to step up lending to small businesses
WASHINGTON - -- In President Barack Obama's view, taxpayers helped give the Wall Street executives he recently called "fat-cat bankers" another nine lives with government bailouts.
UAE offers to aid banks as crisis worries investors
ABU DHABI, UNITED ARAB EMIRATES -- The United Arab Emirates' central bank stepped in Sunday to head off pressure on banks and any potential capital flight as federal authorities tried to counter concerns over Dubai's debt problems.
Obama Administration To Form Financial Fraud Task Force
The Obama administration announced Tuesday the formation of an interagency task force to combat financial fraud.
U.S. schools homeowners to spot loan rescue scams
Sun Valley, a sun-baked and struggling corner of Los Angeles, is fertile ground for mortgage rescue scams with its high proportion of subprime borrowers, Spanish speakers and a sharp drop in home values.
Bankers face protests in Chicago
CHICAGO (Reuters) - A top banking industry group on Monday defended the practices of traditional banks while facing protesters who railed against Wall Street abuses.
House Oversight Leader Agrees to Subpoena Documents on Countrywide Mortgage Deals
WASHINGTON — After resisting for weeks, the chairman of the House oversight committee said on Friday that he would subpoena documents from the Countrywide Financial Corporation about its program to offer special mortgage deals to preferred custome...