House sends bill loosening banking regulations to Trump’s desk

President Donald Trump pledged on the campaign trail to “do a big number” on the Dodd-Frank Act. And now a Continue reading →

Senators Approve Sweeping Rollback of Dodd-Frank Banking Regulations

Back on Capitol Hill, senators voted 67 to 31 in favor of a sweeping, bipartisan bill rolling back many of Continue reading →

$300m Puerto Rico Recovery Contract Awarded to Tiny Utility Company Linked to Major Trump Donor

Puerto Rico has agreed to pay a reported $300 million for the restoration of its power grid to a tiny utility Continue reading →

House flippers triggered the US housing market crash, not poor subprime borrowers

Analyzing a huge data set of anonymous credit scores from Equifax, a credit reporting bureau, the economists—Stefania Albanesi of the Continue reading →

Quote of the Day: Senator Elizabeth Warren smacks-down Wells Fargo CEO John Stumpf

“Okay, so you haven’t resigned.  You haven’t returned a single nickel of your personal earnings.  You haven’t fired a single Continue reading →

Warren Wants FBI Transparency About Financial Crisis

Sen. Elizabeth Warren wants the FBI to explain why people involved in causing the 2008 financial crisis didn’t face criminal Continue reading →

Wells Fargo Exec Who Headed Phony Accounts Unit Collected $125 Million

Wells Fargo & Co’s (WFC -0.66%) “sandbagger”-in-chief is leaving the giant bank with an enormous pay day—$124.6 million. In fact, Continue reading →

Deutsche Bank Whistle-Blower Spurns $8 Million SEC Reward

A former Deutsche Bank AG risk officer said he was refusing an $8.25 million reward from the Securities and Exchange Continue reading →