Feb 5, 2013 The Justice Department files suit against S&P and its rating of mortgage-backed securities, citing the band Talking Heads in complaint.
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.
Jan 7, 2013 Regulators in Basel have decided riskier assets can be used as part of a bank's emergency buffer.
Dec 19, 2012 Greece's credit rating just got an upgrade by Standard & Poor's. The ratings agency bumped Greece up to a solid B-. And it says that rating is stable -- meaning it won't change in the next several months.
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 The prestigious corporate club says the big retailer's stock, which has been listed on the S&P since the 1950s, is no longer representative of the index.
Aug 30, 2012 Four years after the financial crisis, it's like the chickens of 2007 and 2008 are finally coming home to roost.