Monday, 17 Nov 2008 | Source: Reuters
The White House and congressional Democrats launched a post-election showdown over how to rescue U.S. automakers with millions of jobs, more than a century of iconic brands, and potentially economic confidence, riding on the outcome.
Thursday, 13 Nov 2008 | Source: Reuters
Shares in UBS fell on Thursday after U.S. authorities charged the Swiss bank's wealth management boss with helping Americans hide $20 billion from the taxman, putting Swiss bank secrecy laws in the spotlight again.
Friday, 24 Oct 2008 | Source: Reuters
U.S. regulators are taking a closer look at unprecedented volatility in stock markets near the close of trading, hunting for any signs of manipulation.
Thursday, 23 Oct 2008 | Source: The Associated Press
Lawmakers have called key players from the past and present to congressional hearings in an effort to find out what caused the biggest financial crisis since the 1930s and determine how the government plans to get the nation out of the mess.
Prosecutors have subpoenaed a dozen executives of Lehman Brothers Holdings including Chief Executive Dick Fuld in connection with three grand jury probes investigating the fall of the investment bank.
Wednesday, 1 Oct 2008 | Source: CNBC.com
Prospects for a financial rescue plan improved in Congress as the Senate prepared to vote tonight and two House leadrs said headway is being made. But the debate continues to rage about what the most effective solution is. What do you think?
Do you know where your federal income-tax dollars go? The National Priorities Project, a non-profit organization, used data from the Office of Management and Budget to explain how each dollar is spent when it gets into Uncle Sam's hands. (Source: National Priorities Project: Where Do Your Tax Dollars Go 2008 Report.
Wednesday, 24 Sep 2008 | Source: The Associated Press
The economic crisis and raw politics threatened to derail the first presidential debate as John McCain challenged Barack Obama to delay the Friday forum and join forces to help Washington fix the financial mess. Obama rebuffed his GOP rival, saying the next president needs to "deal with more than one thing at once."
Wednesday, 24 Sep 2008 | Source: CNBC.com
In whatever form it takes, the government rescue plan for the nation's financial system should provide an entry point for investors looking to buy bank stocks again.
Wednesday, 24 Sep 2008 | Source: CNBC.com
Why is New York moving to regulate a complicated part of the derivative market? Because no one else was keeping an eye on it, says the state's insurance chief.
Monday, 25 Aug 2008 | Source: The Associated Press
Indiana has sued Countrywide Financial, becoming the latest state to take the mortgage lender to court over its lending practices.
Thursday, 21 Aug 2008 | Source: CNBC.com
Three more more financial firms, including Merrill Lynch and Goldman Sachs, reached settlements over the sale of auction-rate securities, a $330 billion market that collapsed in February.
Thursday, 21 Aug 2008 | Source: CNBC.com
Merrill Lynch CEO John Thain met with New York Attorney General Andrew Cuomo on Thursday in an attempt to reach a settlement of the auction-rate securities probe, CNBC has learned.
Thursday, 21 Aug 2008 | Source: CNBC.com
Merrill Lynch reached a settlement with Massachusetts over auction-rate securities, the latest in a string a accords between regulators and Wall Street firms over the $330 billion market that collapsed in February
Thursday, 21 Aug 2008 | Source: CNBC.com
Merrill Lynch has until Friday to settle an auction-rate securities case with New York Attorney General Andrew Cuomo's office or it will face a lawsuit, Cuomo warned during a CNBC interview.