Jan 7, 2013 Regulators in Basel have decided riskier assets can be used as part of a bank's emergency buffer.
Oct 25, 2012 Federal prosecutors in New York are accusing the bank of defrauding the government by rushing home loans through the approval process, then selling them to Fannie Mae and Freddie Mac.
Oct 24, 2012 The Justice Department says Countrywide Financial -- which B of A bought in 2008 -- cranked out bad home loans without proper checks to make sure they were legit, and then sold those mortgages to Fannie Mae and Freddie Mac.
Sep 25, 2012 It may be too early to assign blame for Europe's economic crisis, but it is not too early to figure out what went wrong in this country back in 2008. Sheila Bair headed the FDIC back then, and is out with a new book this morning, in which she says she saw signs of trouble in subprime mortgages way back in 2006.
Stacey Vanek Smith
Sep 10, 2012 The former Chief Restructuring Officer at the U.S. Department of the Treasury says the government could end up making $20 billion on the AIG bailout
Aug 30, 2012 Four years after the financial crisis, it's like the chickens of 2007 and 2008 are finally coming home to roost.
Jul 13, 2012 JPMorgan Chase CEO Jamie Dimon spoke this morning about the company's solid quarterly earnings, but all the attention is on the massive $4.4 billion trading loss -- twice what they first thought -- and how the company will sort out the implications.
Jun 28, 2012 Although originally estimated at about $2 billion, the total losses from JPMorgan's botched trade in derivatives could -- in a worst case scenario -- reach upwards of $9 billion, according to the New York Times.
Jun 25, 2012 Greece's lenders had planned a visit to the country today, but wouldn't you know it: the brand new finance minister's been fainting and sick to his stomach. If Greece weren't so sad, it'd be funny; maybe it's still funny -- at least one guy thinks so.