Bear Stearns

Mitt Romney's Swiss bank account is back in the news, and Americans are wondering why he has money in the famous tax haven. But if "Swiss bank account" makes you think of criminals, secret agents and tax dodgers, your ideas are more fiction than fact.

JPMorgan Chase may come to regret buying Bear Stearns. Suits by Wells Fargo and bond insurer Ambac claim that Bear entirely disregarded loan quality to appease its trading desk's ever-growing demand for mortgages to securitize. Now, those parties are suing to get their money back, and they might get it.

The central bank says the disclosures cover more than 21,000 individual transactions done to "restore the flow of credit to American families and businesses, and support economic recovery and job creation in the aftermath of the crisis." It also says no money has been lost so far.

Steve Black, vice chairman at JPMorgan Chase, plans to step down early next year after a decade with the firm. He headed the company's investment bank for five years and was instrumental in its Bear Stearns acquisition. What's next? He's considering several options.

The CEOs of America's largest companies are often coached by a team of public relations professionals, but every once in awhile an executive goes rogue. Here are some of the biggest verbal blunders made by well-known chief executives.

The financial crisis was produced by a complex set of circumstances, including a massive housing bubble, poor regulation and irresponsible lending on an epic scale. A handful of bankers became the public faces of the crisis, and now, two years later, we take a look at what became of them.

Muriel "Mickie" Siebert, the grande dame of Wall Street, says that Lehman Brothers should never have collapsed, that government's steps were a necessary evil and that there is a still a need for more regulation. She warns that left unregulated, the markets and the economy could still face turmoil ahead.

This week marks the second anniversary of an event that shook the financial industry to its core. In her newly released book, The Weekend that Changed Wall Street, CNBC anchor Maria Bartiromo gives an insider's look at the fateful days surrounding the fall of Lehman Brothers.

Enron, a musical hit about the Texas energy company's dizzying rise and fall, is coming to Broadway. The story of high finance and fraud unfolded nine years ago, but in an economy still reeling from the Lehman Brothers collapse, it's lessons are more relevant -- and funnier -- than ever.

Main Street is reeling from mounting job losses and a grim outlook by Federal Reserve officials. Wall Street, on the other hand, may be enjoying a sharp rebound. On Tuesday, a report by New York State Comptroller Thomas DiNapoli forecast that the number of vanishing finance jobs may be far lower...