The final deal was announced on Friday afternoon.
Financial Regulation
JPMorgan, Government Reach “Tentative” $13 Billion Deal Over Mortgage Bonds
Doesn’t include resolution to ongoing criminal probe
Foroohar: Washington Dysfunction Is Hurting GDP Growth
It’s also cost the country an additional 2 million jobs
Foroohar: The Debt Ceiling Crisis Is Threatening Your Quality of Life
The budget and debt ceiling fights in Washington often seem to take place in a hermetically sealed bubble. Or maybe on some faraway planet “Beltway,” where there’s definitely less oxygen in the atmosphere. But it’s important …
U.S. Securities and Exchange Commission is Open For Business
The financial watchdog has enough money to remain open “for a few weeks” during the U.S. government shutdown
Money Talking: JP Morgan’s $11 Billion Would Send the Wrong Message
Is $11 billion a lot to pay for causing some of the mischief that caused the financial crisis? That’s what Justice Department officials in Washington are currently trying to decide. The $11 billion in question is the potential …
Wall Street’s Worst Computer Glitches
Post updated on September 20th at 2:00pm.
A computer glitch at the Treasury Market blocked Goldman Sachs from bidding on part of $30 billion worth of 3-month, U.S. government debt, reports The Wall Street Journal.
SEC Charges 23 Firms for Illicit Short Selling Practices
The Securities and Exchange Commission is charging 23 investment firms for short selling violations amid an effort to crack down on firms that try to manipulate IPO pricing.
Explaining the Financial Crisis: Why Do We Still Not Know What Happened?
Five years after the Lehman Brothers bankruptcy kicked off the largest economic dislocation in the U.S. since the Great Depression, we are still debating what needs to be done to make the financial system safer. We are also still …
Twitter Drawing Attention for ‘Secret IPO’
The social network is the most prominent company yet to use a controversial provision in the JOBS Act.
Steve Cohen’s (Allegedly) Corrupt “Information Gathering Machine”
When I first met Steve Cohen back in 1999, we were discussing SAC’s vaunted trading strategies, the ones that made his hedge fund one of the most successful in the finance world and burnished Cohen’s rep as one of the …
Busting Steve Cohen: How a Minor Charge Threatens a Major Figure
After years of investigations, wiretaps, and coercing cooperation from numerous witnesses, the government’s big insider trading case against hedge fund impresario and long-time target Steve Cohen may come down to a single …