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Bank regulators announced settlements on Wednesday with the largest home lenders over allegations of shoddy foreclosure practices, but the pacts did not include financial penalties.
A former Goldman Sachs Group Inc director has been charged by a U.S. regulator with leaking inside information to Galleon Group founder Raj Rajaratnam.
U.S. regulators' efforts to settle with banks over improper mortgage foreclosures are being hampered by infighting among the groups involved in the talks, and a settlement may take a while, according to sources familiar with the matter.
U.S. regulators should stem the growing tide of anonymous stock-trading and consider charging high-frequency traders fees for the disproportionate amount of orders they send into the marketplace, said a panel of experts advising how to avoid another "flash crash."
Regulators have opened a new line of inquiry in their mortgage foreclosure probe and are asking big Wall Street banks about the beginning stages of mortgage securitization, two sources familiar with the probe said.
U.S. rescues prevented the failure of about 1,000 consumer credit unions, a regulator said Thursday, as the government stabilized three wholesale credit unions crucial to the retail system.
Regulators are warning the nation's top retailers to ensure the safety of their workers on Black Friday in the face of what could be a rush for holiday deals.