Says the firm let hedge-funder John Paulson pay them to structure a crappy CDO, then sold it to clients like it was awesome.
One prospective juror wrote that big financial firms "always try to bend the rules to make as much money as possible."
Getting foreclosed upon could be the best thing to happen to Victoria Gotti.
Now that Tim Geithner is in charge of the entire economy, his deputy of two years, William Dudley, will be replacing him as president of the New York Fed. Is he good enough?
You could have been living in a bunker for three months, unaware of what was happening in the world around you.
When McCain slipped up and couldn’t remember how many houses he owns (four to seven, actually), the Democratic nominee and his minions immediately began using it to their advantage.
The mortgage crisis has an adorable, slightly bloated, new mascot.
The subprime crisis has massacred the city's banks — and resulted in all manner of juicy details related to the subsequent layoffs. Here we hand down awards for the juiciest of these details.
Who are those farm children anyway, and why are they in trouble?
The indicted Bear Stearns hedge-funder may lose almost everything, but he won't lose that tony Hamptons address.
Also, the real Mr. Big thought watching the 'Sex and the City' movie was "eerie," and Wachovia chief G. Kennedy Thompson is out the door. And more, in our daily industry roundup.
Plus, the latest on BlackRock, Citibank, and condos you can't afford, in our daily industry roundup.
After his first address to shareholders, the company's stock jumped over 7 percent.
Merrill Lynch takes another subprime hit, but don't go predicting its demise on your blog just yet.
There are differences in the candidates' plans — and the pundits are eager to highlight them.