Financial Industry | featured news

Sen. Christopher J. Dodd indicated that Democrats would forge ahead with their own bill, following months of talks that had been aimed at reaching a bipartisan consensus.

The world's top bankers are at odds about how to fight back against a global push for tougher financial regulation, with commercial and investment banks struggling to reach agreement.

The president's proposal, which includes curtailing high-risk securities trading by commercial banks, would curb practices that at some firms account for 25% of earnings.

GMAC, the troubled finance company that last week scored a third government bailout, said Tuesday it expects to post a record fourth-quarter loss of $5 billion.

President Barack Obama singled out financial institutions for causing much of the economic tailspin and criticized their opposition to tighter federal oversight of their industry....

Federal regulators involved in the rescue of insurer AIG may have overpaid other banks when cutting a deal, a report says.

President Barack Obama on Tuesday embraced a House bill that would give the government unprecedented power to seize bank holding companies and other large financial firms teetering on the brink of collapse and stick their competitors with the cost....

Uncertainty of working for companies closely overseen by Washington drives many away.

The results marked a reversal of fortune for Morgan Stanley, which had reported three consecutive quarterly losses.

A year after the rescue of the financial institutions considered too big to fail, smaller ones are approaching a grim milestone: the 100th failure of 2009.