2008 financial crisis
Wells Fargo defrauded the government during financial crisis: suit More bad news for Wells Fargo. A Manhattan federal appeals court on Thursday revived a whistleblower suit against the beleaguered bank, reviving allegations by two former employees that Wells hid...
Pulitzer winner's book shows how biz execs became ‘too big to jail’ Arthur Andersen deserved to die. In 2001, the accounting firm was one of the “Big Five” auditors in the country with around 85,000 employees and a thriving consulting business. But...
All banks pass Fed stress test for first time since financial crisis Big banks passed the Federal Reserve’s annual stress test of their financial health — and responded with a giveaway to investors worth billions of dollars in the form of dividends...
House approves legislation to roll back Dodd-Frank act The House on Thursday passed a bill that obliterates part of former President Obama’s biggest Wall Street reform bill. The new bill, the Financial Choice Act, moves to erase many...
Trump scales back banking regulations with executive order President Trump on Friday began scaling back banking regulations that reshaped the financial industry after the 2008 financial collapse. The president signed an executive order directing a sweeping review of...
Trump taking steps to roll back Dodd-Frank financial regulations WASHINGTON — President Donald Trump is taking his first steps aimed at scaling back financial services regulations, and the Republican-run Congress cast a vote early Friday signaling that it’s eager...
Top European banks agree to pay $12B over toxic bonds Not every European bank is fighting mad. Credit Suisse and Deutsche Bank have settled long-running US probes into their sale of toxic mortgage bonds in the years leading up to...
Banks get slapped with $220M in fines over economic crisis Big banks are getting slapped around for their actions during the financial crisis. Regulators in the US and Europe levied roughly $220 million in fines on Wednesday to settle various...
BAM chairman buys $7.4M Brooklyn penthouse Brooklyn Academy of Music chairman Alan Fishman holds the unique distinction of having presided over Washington Mutual as its CEO for only 17 days in September 2008 before the bank’s...