The government's allegations of fraud against two former Bear Stearns hedge fund managers were built on "hindsight bias," including emails selected out of context, a defense lawyer told a jury in closing arguments on Friday at their trial in New York.

CIT Group's filing for Chapter 11 protection is the fifth-largest in U.S. history. Here are the top 10 U.S. bankruptcy filings, based on the companies' most recent annual report before filing for bankruptcy protection, according to BankruptcyData.com.

The Obama administration's new proposal for tackling financial risk in the U.S. economy, unveiled just two days ago, came under attack Thursday from all sides, with critics targeting its funding and scope.

Congress and the Obama administration are about to take up how to deal with institutions that are so big that the government has no choice but to rescue them when they get in trouble, reports the New York Times.

The Wall Street giants that received a financial lifeline from Washington may have no compunction about paying big bonuses to their dealmakers and traders. But their willingness to deliver “thank you” gifts to President Obama and the Democrats is another question altogether.

PricewaterhouseCoopers (PwC), which is in charge of collapsed U.S. bank Lehman Brothers' main European operations, is preparing a new claim of $90 billion against the U.S. parent of the failed bank, the Financial Times said, citing a PwC report to creditors.

Merrill Lynch's brokerage, the "crown jewel" that lured Bank of America's chief executive into a takeover that ultimately cost him his job, is showing signs of a revival.

Barclays Capital is still owed billions in assets from bankrupt Lehman Brothers, whose U.S. broker-dealer business it purchased last year, a Barclays lawyer told a federal judge on Thursday.

abstract goes here

A key House panel moved to tighten rules on previously unregulated financial instruments Wednesday.

E-mail messages from Bank of America reveal formerly secret discussions about its ill-fated merger with Merrill Lynch.

During this financial crisis, many Americans turned their collective anger toward Wall Street. Geoffrey Raymond has turned this anger into street art.

On the last day of Sept. 2008, one of the wildest, scariest months in U.S. financial history, the Wall Street-Washington roller-coaster starts climbing again.

Sunrise: Congressional leaders from both parties emerge from intense talks to present a $700 billion financial rescue plan agreement on Sunday.