Morgan Stanley said it earned $6.2 billion, or $2.96 a share, from continuing operations in 2014. Read more
I strongly believe that Public Citizen does more to protect the American people than do many of the government agencies that are supposed to be doing that very job. As we have reported, Publ... Read more
Eight state Attorneys General are joining a lawsuit challenging the constitutionality of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Dodd-Frank, which became law in 2010,... Read more
A lawsuit has been filed by the U.S. government against the Standard & Poor Agency (S&P). It’s alleged in the complaint that S&P purposely inflated its ratings on risky mortgage... Read more
No one should be very surprised to learn that Wall Street has been working very hard in Congress to protect its turf over the past several years. Its efforts have intensified during the past... Read more
As previously reported, during the height of the meltdown on Wall Street, Bank of America negotiated a deal to acquire Merrill Lynch. While this was but one of many buyouts, bailouts and was... Read more
The strong feelings of discontent among the American people revealed in the Pew survey, and in several other recent polls, have intensified over the past several years for a number of reason... Read more
I doubt that many folks outside Washington, D.C. even know that there still is no director for the new Consumer Financial Protection Bureau. In fact, it appears it may be a long while before... Read more
Del Monte Corp. and Barclays Capital have agreed to pay $89.4 million to settle a lawsuit that claimed they had not acted in investors’ best interests in the food company’s $4 billion takeov... Read more
Citigroup has agreed to pay $285 million to settle civil fraud charges by the federal government that it misled buyers of complex mortgage investments just as the housing market was starting... Read more
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