New York's Attorney General Andrew Cuomo filed civil securities fraud charges Thursday against Bank of America*, its former CEO Ken Lewis, and former CFO Joe Price. The suit alleges that the bank and the two executives first misled…

UPDATED 4:45 p.m. ET| Tonight on the NewsHour, Treasury Secretary Tim Geithner explains the thinking behind the president's proposal. He will be followed by Rep. Scott Garrett (R-NJ), a member of the House Financial Services Committee. In a…

_pap_embed_custom('news01s3928qd89',482,304,""); With Wall Street banks poised to offer record paydays for employees, Wall Street Journal columnist Dennis Berman explains the latest bank earnings reports and Wall Street's reaction to the Obama administration's proposed tax on big banks.

In a vote of 223-202, the House passed sweeping changes Friday afternoon to the way the financial system is regulated, with the creation of a new consumer watchdog agency, new authority for the Fed to police financial firms, and a…

British bankers' bonuses will be a lot lighter this holiday season, thanks to a one-time, 50 percent tax imposed on bank bonuses, announced Wednesday by Britain's chancellor of the Exchequer, Alistair Darling. Bonuses greater than 25,000 British pounds (about…

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Tough Criticism for Bernanke

Federal Reserve Chairman Ben Bernanke faced tough criticism Thursday from a Senate committee for the central bank's failure to regulate risk-taking on Wall Street.

Paul Solman: We asked a number of people in the personal finance business and others close to the credit crisis to weigh in on the Obama administration’s new consumer protection proposal. I’m struck by Doug Elliott’s admonitions, especially his last…

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