Jul 18, 2013 Bank of America is the latest major U.S. bank to report strong profit growth. But does the mean the economy is healing?
Aug 1, 2013 A former Goldman Sachs trader known as "Fabulous Fab" has been found liable in a mortgage securities fraud case. During the case, a judge asked to ban jargon. But because bankers aren't able to resist -- and for your own knowledge -- here's a primer to help.
Jul 16, 2013 Goldman Sachs reported its latest business results on Tuesday. Profits -- as measured by net income -- hit $1.9 billion in the second quarter, twice the performance of the quarter before.
Stacey Vanek Smith
Jul 15, 2013 Fabrice Tourre, who dubbed himself “Fabulous Fab” back when he was a Goldman Sachs trader, went on trial Monday for alleged fraud during the financial crisis.
Jun 25, 2013 The layoffs at law firm Weil, Gotshal & Manges show that some companies face a crisis now that the business of cleaning up the financial crisis is over.
May 20, 2013 Things have been electric on the Japanese stock market recently. But the country is in need of energy and is hunting for it in innovative ways.
May 10, 2013 Goldman Sachs employees have raised concerns that Bloomberg News journalists could snoop on them through Bloomberg terminals.
Feb 5, 2013 In a lawsuit filed late Monday, the U.S. Department of Justice claims the credit rating firm Standard & Poor’s knew some $4 billion worth of mortgage-backed securities were risky.
Feb 4, 2013 Reports say the U.S. Department of Justice is preparing to bring civil charges against the credit ratings agency Standard & Poor's for their part in the financial crisis of 2008. Better late than never?
Jan 28, 2013 The housing crash not only touched off a wave of foreclosures, it torpedoed property values and the taxes cities and counties collect off them. But some localities are fighting back in an effort to reverse their budget shortfalls.