Members of the House Financial Services Committee vowed today to undertake a major overhaul of the U.S. financial regulatory system in the wake of an alleged $50 billion fraud that they said should have been detected earlier.
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At Madoff Hearing, Congressional Committee Vows Reform
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Treasurys fall as investors brace for supply glut
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NEW YORK -- Treasury bond yields extended their advance Monday as investors braced for the possibility that the government will have to issue even more debt than the market has anticipated.
Read more »Wall Street slips on telecom, financials
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NEW YORK (Reuters) - Stocks slipped on Monday as investors took profits from the strong gains of last week, while concerns about slowing wireless growth in 2009 weighed on large telecom and cable companies.
Read more »Obama's First Test
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For the past eight years, Congress has had a remarkably consistent record. When something was important to President Bush -- particularly if it was even vaguely related to national security -- Congress pretty much always caved.
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6 hours 35 min ago – Made popular 4 hours 35 min ago
Category: Finance News Tags:
Category: Finance News Tags:
Stocks pull back after sharp rally
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NEW YORK -- Wall Street gave back some of last week's huge gains Monday but found encouragement from a government report that construction spending fell less than forecast.
Read more »Asia stocks at 2-month high
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HONG KONG (Reuters) - Asian stocks rose to a two-month high on Monday, with expectations for a global economic recovery later this year on the back of massive government spending prompting investors to wade back into riskier assets.
Read more »It's a new year. Is the worst over?
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LONDON (Reuters) - Investors begin the first full week of 2009 trading on Monday with one question in mind: Is the worst over?
Read more »Cox's reign seen denting own image, SEC's future
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WASHINGTON (Reuters) - Christopher Cox will most likely be remembered as the regulator who was unable to do enough to protect investors during the worst financial crisis since the Great Depression.
Read more »Market rally faces first New Year tests
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NEW YORK (Reuters) - Wall Street's bid to rally from its worst year since the 1930s will be tested this week by the new year's first wave of likely dismal corporate news and possible roadblocks to President-elect Barack Obama's stimulus plan.
Read more »Top-Performing Funds Find Value in Caution
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BOSTON -- Playing it safe paid off in 2008 for Tom Forester and David Ellison, two standout mutual fund managers in a year when winning meant losing less money than the competition.
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