Some of the same investors who invented mortgage-backed securities have a new strategy, and nobody's quite sure what it'll do to the market.
The U.S. Attorney for the Southern District of New York is getting very hard to ignore.
When it comes to financial regulation, there are no substantial issues on which Tea Party Republicans differ from Wall Street.
There are many better ways for our brightest young things to spend their productive years than inventing new ways to move money around.
Syria in flames. Emerging markets crashing. A debt ceiling debate nearing. This is why financial markets are doing just fine, anyway.
Eleven states have joined a lawsuit against the Wall Street reform overhaul. Most of it isn't expected to go anywhere, but there's one part of the new law that could be legally problematic, experts say.
A House Republican has a solution to prevent future bank bailouts: more regulation.
If you want to know what the markets think, there's actually a way to find out!
Wall Street and Washington are seeing risks from the austerity crisis very differently. Who's right?
Is it even possible to tally up the total impact of the financial crisis? Better Markets tried to give it a shot and puts the price tag at “no less than $12.8 trillion.”
Mitt Romney has vowed to repeal and replace Obama's Wall Street reform law. But many vocal opponents of Dodd-Frank believe that's highly unlikely—and suggest that incremental reforms to the law are the most they'd expect to happen, even in a Republican-controlled Washington.
For Dennis Kelleher, trying to calculate the price tag of Wall Street reform is pure folly—partly because he thinks it's simply impossible, and partly he believes those demanding it have vested interests in using such costs to strike down reform.
JPMorgan revealed on Friday morning that its traders may have lied about the value of their positions to hide the losses incurred by its Chief Investment Office. The bank now estimates that the so-called "London Whale" trades dealt the bank a $5.8 billion loss in the year to date—nearly three times the amount the firm had originally estimated.
Gary Gensler is among a team of regulators racing to meet a July 21 deadline for the most controversial provision of the 2010 Wall Street reform law: the Volcker rule. When asked whether regulators are on a path to producing a Volcker rule that’s clear and strong, he responds with a laugh and few words. “I hope so,” he said.
A new survey from Javelin Strategy and Research found that 11 percent of customers say they're likely or very likely to switch their primary bank over the next year. And big banks are the most vulnerable.
Job openings are down, too.
Investors and financial firms are divided over whether the looming tax hikes and spending reductions will harm the recovery.