Jul 26, 2012 If debt-ridden municipalities begin walking away from their financial obligations the way homeowners once did, such strategic defaults could wreak havoc for municipal bond holders.
Jul 18, 2012 The Southern California city considers bankruptcy, after the departure or collapse of successive industries left it unable to pay for fire, police and other services.
Jul 11, 2012 The allegations against brokerage firm Peregrine Financial shed light on weak regulations of the futures industry. Analysts point to MF Global missing funds similarities.
Heidi N. Moore
Jul 11, 2012 Brokerage firm Peregrine Financial is liquidating amid allegations that it defrauded customers and lied to federal regulators.
Shereen Marisol Meraji
Jun 28, 2012 As the city of Stockton, Calif., considers declaring bankruptcy, a nearby town proves that there is life after going bankrupt.
Jun 27, 2012 Stockton's Vice Mayor Kathy Miller has lived in the California city for 15 years. She talks about what the bankruptcy will mean for residents.
Jun 5, 2012 The city of Stockton, California, population 291,000 is trying to avoid becoming the biggest U.S. city to go bankrupt during this economic downturn.
Jun 1, 2012 Tess is joined by senior producer Paddy Hirsch and credit expert Liz Weston to talk about credit utilization, bankruptcy amongst seniors, and the down side of buying real estate for your kids.
May 29, 2012 Dewey & LeBoeuf, one of the largest law firms in the country, filed for bankruptcy last night after months of financial turmoil and partner defections.
May 29, 2012 Dewey & LeBoeuf filed for bankruptcy protection last night. In the last half century, large corporate law firms have enjoyed an enormously lucrative run. Although in the last four to five years revenue has flattened out.