2008 financial crisis
Supreme Court turns back conservative challenge to controversial financial agency
The Supreme Court upheld the financial structure of the Consumer Financial Protection Bureau, a watchdog agency that has long been in the crosshairs of top conservatives.
Steel yourself — the stock market is irrationally exuberant again
The Dow closed Monday above 38,000 for the first time, and the S&P 500 had a record finish too.
New York City may be down — but no one should count it out
“I’ve just found a room in my house I didn’t even know existed.”
Famed Apple investor Alan Patricof has warnings of AI bubble
Longtime venture capitalist Alan Patricof, who made early investments in Apple and AOL, talks with On The Money about why AI valuations could be a bubble.
'Big Short' investor Michael Burry places bearish bets against S&P 500 and Nasdaq
Michael Burry, whose bet against the housing market before the 2008 crash was the subject of Michael Lewis' "The Big Short," made bearish bets against the S&P 500 and Nasdaq...
UBS to pay $1.44B to settle DOJ fraud charges tied to subprime loans
The civil action was filed in November 2018 alleging misconduct related to UBS' underwriting and issuance of residential mortgage-backed securities issued in 2006 and 2007, according to the Justice Department.
'Big Short' investor Steve Eisman bets on infrastructure over tech
Steve Eisman -- who's best-known for his prediction of the 2008 housing crisis detailed in "The Big Short" -- said he's betting big on infrastructure, industrial onshoring and "greenification" initiatives...
'Big Short' investor who foretold 2008 housing catastrophe warns of new financial disaster
Dave Burt fears a 2008-style housing price correction is impending over lenders mispricing flooding.
Biden’s mortgage 'equity' will screw up the homebuying market
When did being creditworthy become a federal crime?
UBS brings back ex-CEO after Credit Suisse deal
Ermotti will replace outgoing CEO Ralph Hamers, who will remain with the bank in an advisory role to help with the transition period.
Now that all banks are 'too big to fail,' disaster awaits
The biggest lesson from the financial sector in recent days? The alleged “fixes” put in place after the 2008 meltdown didn’t do squat — and the feds are now poised...
Government won't bail out Silicon Valley Bank — which paid bonuses hours before collapse
Yellen, appearing on CBS' "Face the Nation," said the government wouldn't rescue the nation's 16th-largest bank, as was done for hundreds of institutions during the financial crisis in 2008.
Silicon Valley Bank meltdown sparks contagion fears: ‘We found our Enron’
Peter Thiel's venture capital firm Founders Firm advised clients to withdraw their deposits from the bank.
SEC takes new shot to pass trader conflict rule tabled after 2008 crisis
The rule is among the last to be adopted under the landmark Dodd Frank Wall Street reform legislation of 2010.
Bernie Madoff went to jail to avoid mob hit: new Netflix docuseries
It was his final selfish act.
The Fed is playing with fire with its continued interest-rate hikes
By committing itself to continued interest rate hikes even as the economy is moving toward recession, the Fed is inviting real trouble in the equity, housing and credit markets.
A Nobel? Ben Bernanke belongs in the Economics Hall of Shame
Ouch: The Nobel Prize in Economics for former Fed chief Ben Bernanke may be one of the worst calls ever. Our issue isn’t Bernanke’s actions during the 2008 financial crisis,...
Jamie Dimon says US, world headed for recession in 2023: 'This is serious stuff'
Dimon cites a "very, very serious" combination of headwinds, including inflation, high interest rates, and the Russian war in Ukraine.
Ben Bernanke getting Nobel Prize is panned as 'drunkest decision of all time'
Critics blamed the then-central bank chief for contributing to the 2008 global financial crisis.
Bank of America’s race-based lending program will hurt the people it’s meant to help
“This is about granting a down-payment to a buyer who, no matter who they are, as long as they meet the income requirements, to buy a house in a majority-minority...