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The $2 billion trading loss at JPMorgan Chase has renewed calls for stricter oversight of Wall Street banks. Two years after Congress passed an overhaul of financial rules, many of those changes have yet to be finalized.
The CEO of JPMorgan Chase offered a quick but blunt apology to shareholders Tuesday for a $2 billion trading loss that "should never have happened" and survived a push to strip him of the title of chairman of the board.
The government's consumer-finance watchdog is weighing an overhaul of the fees consumers pay to obtain mortgages.
Financial markets will likely stumble this week after elections in Greece and France cast a pall of uncertainty over Europe's efforts to solve its debt crisis.
A lawyer for Goldman Sachs investment banker Matthew Korenberg confirmed Thursday that his client is the subject of a long-running probe by federal prosecutors in California.
U.S. investors thought they were buying access to a stock-picking robot named "Marl." Instead, they paid millions to teenage twin brothers in England who now face civil fraud charges for an alleged penny-stock swindle.
Federal regulators have softened a plan to oversee companies that trade financial derivatives, the complex investments that played a central role in the 2008 financial crisis.
The Obama administration's consumer-finance watchdog says it is cracking down on lenders that discriminate against minorities and women.
The Obama administration's consumer financial watchdog agency is backing off a plan to limit big upfront fees on credit cards, a move that could hit borrowers with poor credit histories especially hard.
The Treasury Department rushed out a major revamp of its foreclosure-prevention program in 2010, limiting the plan's ability to help people who are unemployed or owe more than their homes are worth, a government watchdog says.
Thousands of U.S. job hunters are losing out because employers use faulty background-check data drawn from shoddy records, consumer advocates say in a new report.
BET Networks is entering the exploding business of prepaid cards, partnering with an industry leader in hopes of reaching millions of black Americans who don't use banks.
U.S. factories stepped up production in February for the third straight month, helping the economy recover and driving the best job growth since the recession ended.
Three major issuers of prepaid debit cards said Tuesday they will test a new fee-disclosure box designed to help people understand the costs of using cards to access their money.
Former members of a congressional panel that oversaw bailouts during the financial crisis blasted the Treasury Department on Monday for quietly granting a tax break worth billions to insurance giant American International Group.
The government's new consumer protection agency started accepting complaints Monday about student loans.
Manufacturing activity grew more slowly in February as U.S. factories received fewer new orders and paid higher prices for raw materials.
Is the stock market rally of 2012 already over?
The Dow Jones industrial average rode a surge of confidence in the economy Tuesday to close above 13,000, a threshold it last crossed four months before the financial crisis of 2008 and the darkest days of the Great Recession.
The Dow Jones industrial average on Tuesday reclaimed the last of the ground it held before the carnage of the Great Recession — bailouts, bank failures, layoffs by the million and a stock market plunge that cut retirement savings in half.
A federal grand jury in Chicago is investigating how $1.6 billion disappeared as the securities brokerage MF Global spiraled into bankruptcy last fall, according to a regulatory filing.
Old child support debts could cost thousands of poor men their only income next year because of a policy aimed at reducing the cost to the government of mailing paper checks to pay federal benefits.
Of all the bank fees that customers love to hate, overdraft charges on checking accounts have to be near the top. The government's new consumer protection agency appears to agree.
The nation's new cop on the consumer-finance beat is zeroing in on debt collectors and credit reporting companies.
Investors thinking of buying a piece of Facebook after it goes public are hoping it will perform like Google, whose stock has risen 500 percent since its debut seven and a half years ago.
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