Federal Reserve Chairman Ben Bernanke pushed for new steps to stem risks from “shadow banking” operating beyond traditional oversight and said the economy is still suffering from the 2008 financial crisis.
The Commodity Futures Trading Commission said on Wednesday that JPMorgan Chase & Co will pay $20 million to settle charges that it unlawfully handled customer segregated funds at Lehman Brothers Holdings Inc.
The Commodity Futures Trading Commission said on Wednesday that JPMorgan Chase & Co will pay $20 million to settle charges that it unlawfully handled customer segregated funds at Lehman Brothers Holdings Inc.
A U.S. regulator is set to penalize JPMorgan for actions linked to the demise of investment bank Lehman Brothers at the height of the financial crisis in 2008, the New York Times said, citing people briefed on the matter.
What if the Unites States (a much larger and more powerful nation than Greece) were to face a similar crisis as the Greeks?
The Federal Reserve prevented a global economic catastrophe with its response to the 2007-2009 financial crisis, Federal Reserve Chairman Ben S. Bernanke claime in in a speech on Tuesday.
A lawsuit from New York's attorney general accusing accounting firm Ernst & Young LLP of helping to hide financial problems at Lehman Brothers Holdings Inc. has been sent from federal court to the New York state court where it was originally filed.
Washington Mutual Inc , one of the biggest corporate casualties of the 2008 financial crisis, on Monday emerged from bankruptcy protection, just two weeks after Lehman Brothers Holdings Inc also emerged from Chapter 11.
At the height of the boom, commercial banks and investors gorged themselves on real estate, building unsustainable towers of debt that finally collapsed in 2008. But with the housing market improving, they may soon return for second helpings.
Some big financial firms have offered to buy the claims of thousands of MF Global customers, whose money went missing after the brokerage firm collapsed last year, the New York Times said, citing people involved in the negotiations.
Lehman Brothers Holdings Inc's record $639 billion bankruptcy ended on Tuesday, clearing the way for it to start distributing about $65 billion to creditors starting on April 17, court documents show.
Lehman Brothers Holdings Inc. will emerge from its $639 billion bankruptcy reported Reuters, Tuesday. The company will begin repaying creditors roughly $65 billion on April 17.
Here's why the Dow closed above 13,000 for the first time since 2008, indicating that the stock market has finally returned to its pre-recession level.
Stock index futures fell on Monday in low volume following the S&P 500's four-year closing high last week and after the Group of 20 leading economies told Europe it must commit more money to fight the EU debt crisis before seeking broader help.
Leading economies told Europe it must put up extra money to fight its debt crisis if it wants more help from the rest of the world, piling pressure on Germany to drop its opposition to a bigger European bailout fund.
Stock index futures fell Monday in low volume following the S&P 500's four-year closing high last week and after the Group of 20 leading economies told Europe it must commit more money to fight the EU debt crisis before seeking broader help.
A rally on Wall Street will be put to the test next week, with the S&P 500 at its highest level since before the collapse of Lehman Brothers in 2008.
A rally on Wall Street will be put to the test next week, with the S&P 500 index at its highest closing level since before the collapse of Lehman Brothers Holdings Inc. in 2008 and the European Central Bank about to flood the financial markets with a new wave of cheap money.
The S&P 500 rose on Friday to close at its highest level since before the collapse of Lehman Brothers Holdings Inc. in September 2008, continuing a pattern of steady gains on apparent signs of U.S. economic recovery.
The S&P 500 rose on Friday to close at the highest level since before the collapse of Lehman Brothers in 2008, continuing a pattern of steady gains on signs of U.S. economic recovery.
The S&P 500 rose on Friday to close at the highest level since before the collapse of Lehman Brothers in 2008, continuing a pattern of steady gains on signs of U.S. economic recovery.
Housing, the weakest of the three legs of the stool supporting the U.S. economy, is finally firming up, or so it seems to investors, economists, real estate agents and buildings after a string of heartening reports so far this year.
