too big to fail

Winthrop Brown, a Washington lawyer who lobbies on behalf of financial services firms, says the new regulations should get "a pretty good grade" from Wall Street -- and from Main Street. But will they prevent another economic meltdown?

Treasury Secretary Timothy Geithner, an architect of the bailouts given to big banks in the wake of the 2008 financial crisis, has reportedly expressed opposition to the appointment of Elizabeth Warren to head the new Consumer Financial Protection Bureau. Should Geithner have his way, Warren, the...

The tough new restrictions will likely fuel demands for similar curbs in the U.S. But not everyone is convinced that the new rules will have the intended effect of changing bankers' riskiest practices.

The price that the largest U.S. banks pay to borrow money is set to skyrocket -- and that's just the beginning of the sector's growing problems, which could put a big crimp in their profits.

Today is Bash Wall Street day in Washington, as a herd of bankers gets rounded up to sit for a presidential tongue lashing. But Washington can't afford to alienate Wall Street too much because of the $5 billion in campaign contributions and lobbying fees that financial institutions have funneled to...

Ever since the news got out that the U.K. plans to force some of its large, bailout-receiving banks to sell off some operations and become smaller, there's been plenty of speculation on this side of the pond that we might do the same thing. Richard Fisher, president of the Dallas Federal Reserve...

The chain grocery store where my wife and I shop has a bank in it. There's the frozen food section, the bakery section, the pharmacy and ... the bank. It's not even a particularly large grocery store, but there it is. A bank. With a vault, a sit-down area and everything. I'm not sure how common...

Another week and another round of the national guessing game: when exactly will the Great Recession's alleged end impact me? Or my children? Or my neighbors? The "too big to fail" banking crowd has gotten lots of help from D.C. But the jobless rate, despite a decline of late in layoffs, continues...

Markets soared worldwide following the announcement of the decision by the G20 finance leaders to maintain stimulus measures as long as U.S. employment figures remained weak. They agreed the stimulus is needed until the recovery is assured. But G20 members were split on how to assure that there...

While reports today indicate that GMAC is in talks for a third round of bailout money from the government, Congress and the Treasury Department finally developed draft legislation to make sure that "the taxpayers are never again called upon to take responsibility for Wall Street's business...