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S&P says U.S. lawsuit is based in bitterness

Sep 4, 2013
As the three main credit-rating agencies try to restore their credibility after the financial crisis, we ask: Why is S&P different?
Standard & Poor's rating agency company headquarters in New York.
EMMANUEL DUNAND/AFP/GettyImages

Five years after the Bear Stearns collapse, where are they now?

Aug 1, 2013
The Center for Public Integrity took at look at a handful of senior people at the now defunct investment bank Bear Stearns and found they are now very gainfully employed elsewhere in the financial services industry.

Fabrice Tourre is fabulous, but why is he so lonely?

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.
Fabrice Tourre, a former Goldman Sachs mortgage trader, arrives at Federal Court for a lawsuit being brought against him by the Security and Exchange Commission (SEC), on July 15, 2013 in New York City. The SEC alleges Tourre misled investors by betting against the housing market, in the midst of the 2008 recession.
Andrew Burton/Getty Images

Financial crisis profit-taking winds down -- for some

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.

Justice Department sues S&P over securities ratings

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.

Financial crisis fallout: Justice Department set to charge S&P

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?

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Short on tax revenue, Atlanta counties sue HSBC

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.

Bank regulators loosen up on liquidity rule

Jan 7, 2013
Regulators in Basel have decided riskier assets can be used as part of a bank's emergency buffer.

Former regulator Sheila Bair on the financial crisis

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.