President-elect Donald Trump on Wednesday chose a Wall Street attorney with experience in corporate mergers and public stock launches as his nominee to head the Securities and Exchange Commission.
Now, as his transition team asserts itself, an all-out repeal of the 2010 Dodd-Frank law — Trump called it a "disaster" and a "disgrace" — seems unlikely. But experts foresee a gradual but potentially significant chipping away of key parts…
Wells Fargo's CEO, newly stripped of tens of millions in compensation, will face lawmakers with more defenses than he had in the last round.
The 2008 financial crisis touched off the worst recession since the 1930s Great Depression. Reckless trading and aggressive practices on Wall Street in the prior boom years were pinned with much of the blame.
WASHINGTON — The newly bulked-up Republican majority in the House is aiming to soften the bite of legislation that grew out of the 2008 financial crisis and put banks and Wall Street under the most sweeping rules since the Great…
WASHINGTON — The Justice Department has announced a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis.
WASHINGTON — Credit Suisse AG's guilty plea and $2.6 billion payment in a high-profile case brought by the Justice Department are being held out as a warning to foreign banks believed to be helping U.S. taxpayers conceal assets.
WASHINGTON — The Justice Department on Monday charged Credit Suisse AG with helping wealthy Americans avoid paying taxes through offshore accounts, and a person familiar with the matter said the European bank has agreed to pay about $2.6 billion in…
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