09/03/14 10:30 AM
DETROIT (AP) — More than a year after Detroit filed for the largest public bankruptcy in U.S. history, a federal judge is hearing evidence on whether he should approve the city's plan to emerge from billions of dollars in debt. Here's a look at the past, present and future of the city's...
By Kelly Cohen | 09/03/14 07:18 AM
Former GOP Senate leader Trent Lott and former Democratic Senator John Breaux are lobbying for a Russian bank sanctioned by President Obama.
By Joseph Lawler | 09/02/14 03:14 PM
Rep. Scott Garrett, chairman of the capital markets subcommittee of the House Financial Services Committee, wrote a letter to Lew Tuesday with six other Republicans warning that the council's treatment of insurers "has led to uncertainty in the insurance industry and raised concern that the...
09/02/14 12:00 PM
DETROIT (AP) — Big discounts. Six- or seven-year loans, in some cases to buyers who would have been turned down in the past. As the auto industry strives to sustain its post-recession comeback, car companies are resorting to tactics that some experts warn will lead to trouble down the road....
By Joseph Lawler | 09/01/14 12:55 PM
For more than a year, a regulatory super-group has investigated whether MetLife poses a systemic risk to the financial system if it fails, the way that insurer AIG did in the 2008 crisis.
By Joseph Lawler | 08/29/14 11:37 AM
It is widely expected that the Sept. 4 meeting announced by the Financial Stability Oversight Council late Thursday will focus on applying the label of "too big to fail" to one insurer, MetLife.
08/28/14 08:30 AM
NEW DELHI (AP) — India's state-owned banks are conducting a massive campaign to open millions of accounts for poor Indians who are off the financial grid and vulnerable to black market money lenders. Prime Minister Narendra Modi officially launched the program on Thursday, saying it would give...
08/26/14 10:00 AM
LOS ANGELES (AP) — Americans are doing a better job of making timely credit card payments, even as many lenders increasingly extend credit to more people with less-than-stellar credit. The rate of U.S. credit card payments at least 90 days overdue fell to 1.16 percent in the April-June quarter...
By Joseph Lawler | 08/26/14 08:23 AM
Talk of the move has drawn criticism from Democratic lawmakers who are concerned about U.S. companies using mergers with companies in lower-tax jurisdictions to lower their U.S. tax payments.
By Ed Sykes | 08/22/14 05:01 PM
Federal Reserve Chairwoman Janet Yellen's speech Friday at an annual summit of central bank leaders paints a picture of what to expect in the coming months.
By Lisa Ruhl | 08/21/14 12:09 PM
The Department of Justice on Thursday announced that Bank of America will pay a $16.65 billion fine to settle allegations it sold risky mortgage-backed securities before the 2008 financial crisis.
By Timothy P. Carney | 08/19/14 06:41 PM
Congress thought it was time to replace "captured" financial regulators with a new, un-captured regulator. But that's not what the CFPB turned out to be.
08/19/14 03:15 PM
ALBANY, N.Y. (AP) — Standard Chartered Bank reached an agreement with New York regulators to pay a $300 million penalty and suspend dollar exchanges through its New York branch for high-risk retail business clients at its SCB Hong Kong subsidiary. The Department of Financial Services said the...
By Susan Ferrechio | 08/11/14 04:09 PM
A Clinton-era tax credit program intended to help grow businesses in low-income communities is instead benefitting big banks and private investors to the tune of more than $1 billion annually.
By Joseph Lawler | 08/07/14 04:53 PM
A big missing piece of the consumer recovery is falling into place in 2014.
By Byron York | 09/14/14
By Luke Rosiak | 09/14/14
By Ashe Schow | 09/11/14
By Brian Hughes | 09/14/14
By Timothy P. Carney | 09/12/14