Heidi N. Moore
Jul 11, 2012 Brokerage firm Peregrine Financial is liquidating amid allegations that it defrauded customers and lied to federal regulators.
Jul 11, 2012 Last night, Peregrine Financial filed to liquidate under Chapter 7 of the bankruptcy code, amid accusations from federal regulators that Peregrine defrauded customers and hid losses.
Jul 11, 2012 News this morning that Bob Diamond, the former head of Barclay's bank has given up $30 million in bonuses after resigning over that interest rate rigging scandal. And the scandal has brought up the issue -- yet again -- of whether current regulations on the financial industry are adequate.
Jun 8, 2012 The Federal Reserve has just approved a proposal to make every bank in America keep more capital on hand. The measure may help taxpayers weather the next financial storm, but hurt bank stockholders.
May 24, 2012 The new Consumer Financial Protection Bureau announced this week its efforts to regulate prepaid debit cards. Regulators fear the cards aren’t backed by protections given regular credit card holders.
Dec 15, 2011 Three banks unveil a new three-page checking account guide. Experts hope a new era of simplified disclosure will follow.