collateralized debt obligations

The news across the financial world is good for unions, which will find organizing a bit easier; adequate for Greece, which will find getting bailed out a bit easier, and bitter for JPMorgan which had to accept a $153.6 million SEC fine for misleading investors about a mortgage securities transaction.

Investors have hit Goldman Sachs with a class-action lawsuit for allegedly failing to disclose that it would benefit if its debt products lost value. The investment bank -- and several others -- say more lawsuits are likely on the way.

Embattled investment bank Goldman Sachs reportedly has hired a former top legal adviser to the Obama administration, ex-Counsel Gregory Craig. The move comes as Goldman's legal troubles spread overseas: The U.K. is opening its own investigation into the bank's actions.

According to The Financial Times, AIG is hoping to piggyback on the SEC's fraud case against Goldman Sachs to recover $2 billion that it paid the investment bank. But what's missing from the article is any evidence that AIG has a case against Goldman.

A freeze in lending triggers a panic in a Western financial capital which then spreads around the globe, eventually tipping several South American countries into default. In a desperate attempt to stem the panic, the central bank steps in as "the lender of last resort" and unleashes a flood of new...

If President Obama wants to end the kind of complex trading that nearly brought the U.S. financial system to its knees, a more robust plan is needed to control them than the one his administration has put forth, the nation's top securities regulator told Congress on Tuesday. A White House plan to...

In what may be a scary revelation for many investors, it appears that Wall Street is back to its old tricks again in repackaging old mortgage debt into new investment vehicles. For those who have forgotten the events of the last few years, the now-infamous CDOs, or "collateralized debt...

In Milan, some bank employees are assigned to care for the collateral. Rather than examine credit spreads and market indicators, however, they are focused on temperatures in a warehouse and the centuries of tradition that have come to define making Parmesan cheese. Some banks are allowing...

On April 7, 1998, banking behemoth Citicorp joined financial giant Travelers Group in one of the largest mergers in history. The offspring: Financial services company Citigroup (C), which boasts one of the world's largest financial-services network. Citigroup operates its four categories -- Global...