Wednesday, April 7, 2010 as of 11:14 AM ET
The shadow banking system is the collection of financial entities, infrastructure and practices which support financial transactions that occur beyond the reach of existing state sanctioned monitoring and regulation.
Read More at Wikipedia ›Saying yes could mean dooming Ireland to more long, hard years of austerity.
But saying no could mean national bankruptcy next year.Ireland's debt-burdened voters confronted an existential dilemma Thursday as they decided in a referendum whether to ratify the European Union's deficit-fighting treaty, a measure backed by Germany as a confidence-building measure but criticized by many economists as exactly the wrong kind of medicine for countries drowning in red ink.Pro-treaty forces led by Prime Minister Enda Kenny stress that Ireland could lose its access to European bailout loans next year unless the treaty passes, leaving Ireland no reasonable choice but to say yes. Opponents say it would be better to pursue a showdown with EU partners now, and demand better debt-reduction terms at the risk of triggering a worse eurozone crisis, rather than commit to new rules requiring tougher deficit targets that Ireland simply can't meet.Outside Dublin polling stations in churches and elementary s...Federal regulators and lawmakers are renewing the focus on financial regulation in the wake of a multibillion-dollar trading loss at JPMorgan Chase & Co.News of the ...
A former board member for Goldman Sachs and Procter & Gamble on trial on insider trading charges and two men and a woman already criminally convicted were on a list ...
Federal regulators are reviewing what JPMorgan Chase told investors about its finances and the risks it took weeks before suffering a multibillion-dollar trading los...
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WASHINGTON (AP) — A panel investigating the roots of the financial crisis says it is calling Treasury Secretary Timothy Geithner to testify about financial companies...
Company prepares to go public
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