It’s the first known probe into questionable mortgage bond sales after the meltdown
Investment Banking
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 …
Why Derivatives May Be the Biggest Risk for the Global Economy
Since the recession, the value of derivatives outstanding has grown, and they remain very risky with the potential for large, unpredictable losses.
Are Banks Bluffing About the Danger of Banking Regulation?
Four and a half years after the passage of TARP, one thing is abundantly clear: The American public really, really hates bank bailouts. And yet, nearly three years after the passage of the Dodd-Frank financial reform bill, it …
Mergers and Acquisitions Boom! Is This a Good Sign for the Economy?
Wall Street dealmakers are off to a busy start to 2013, as some of corporate America’s most recognizable names have become involved in multi-billion-dollar mergers and acquisitions. Just yesterday, American Airlines and US …
Justice Sues S&P; Is It Time to Rethink the Role of Ratings Agencies?
Most of the time, court cases are manna for journalists. The politicians and corporations we cover aren’t in the habit of dishing out information they don’t want the public to know. But along comes a lawsuit, and the parties are …
Has the Banking Industry Really Been Fixed?
The banking sector still faces big challenges, but greater transparency will boost investor confidence and also encourage banks to manage risk better internally.
Lots of Goodies Were Stuffed into the Fiscal Cliff Deal
A host of special interests, from filmmakers to rum distillers, got tax breaks in last week’s fiscal cliff deal.
What Should Be Done About Growing Inequality?
Many factors contribute to increasing inequality. Public policy should focus on eliminating only the bad ones
Vikram Pandit Falls on His Sword. But Who Can Save Citigroup?
When Vikram Pandit took over Citigroup in 2007, he was seen as an unlikely choice. In an industry dominated by white, glad-handing alpha males, Pandit is a bookish Indian immigrant known for his financial acumen but not his …