Ex-New York Fed examiner fired after criticizing Goldman Sachs has advice for Janet Yellen: It will take tough oversight to stop the next financial crisis.
The Securities and Exchange Commission has charged an asset manager with fraud for its role in one of the most notorious groups of mortgage securities deals behind the financial crisis.
A new study finds that New York’s three-quarter houses are dangerous and unsanitary and residents say they are compelled to use drug clinics that pay kickbacks to landlords.
A federal judge rejected the Federal Reserve Bank of New York’s plea to seal documents in a wrongful termination lawsuit filed by a former bank examiner who claims she was fired for doing her job.
At issue: Whether internal emails, records related to supervision of Goldman Sachs are confidential and shouldn’t have been made public as part of Carmen Segarra’s wrongful termination case.
Lawyer Carmen Segarra said she was pressured to change her finding that the way Goldman Sachs managed conflicts of interest was flawed.
Homeless and struggling with sobriety, Lillian Imbert faced a choice: Go to useless counseling sessions at New York Service Network or be evicted from her “sober” home. Her story shows how drug treatment clinics and landlords traffic in indigent alcoholics and addicts, all at taxpayer expense.
Joseph Caramadre, who recruited dying people to help him and investors cash in on insurance death benefits, claims he is innocent and blames his lawyers and state of mind for his plea.
Joseph Caramadre made a profit dealing in insurance products that paid out when someone died. He said he paid the terminally ill to participate, creating win-win deals. Now, he's pleaded guilty to fraud and identity theft.
Joseph Caramadre made a profit dealing in insurance products that paid out when someone died. Prosecutors charged him with identity theft and fraud, but Caramadre said he just used a legal loophole. His story moved dozens of ProPublica readers to debate the ethics of insurance and corporate behavior.
Federal rules that forbid employees of Wall Street firms from giving money to certain state officials running for federal office if the firms do business with that state helped knock New Jersey Gov. Chris Christie out of contention for a spot on the GOP ticket, according to anonymous sources quoted in the New York Post.
The life insurance industry tried to make variable annuities irresistible to investors and was enraged when a Rhode Island lawyer exploited the fine print for his own profit.
Hedge fund Magnetar and Wall Street banks created $40 billion of deals. The emails show how they did it.
Banker involved in Magnetar deals is one of two recommended for disciplinary action for "alleged misrepresentations in connection with the sale" of a complex security.
Margin Call’s all-star cast brings to life writer/director J.C. Chandor’s film, which is the most insightful Wall Street movie ever produced.
J.C. Chandor sits down with ProPublica to talk about how the movie Margin Call came together and the challenges of making a hard-hitting movie about Wall Street on a tight budget.
A $285 million SEC settlement appears to wipe the slate clean on Citi's multi-billion-dollar CDO business.
One of the driving forces behind U.S. Century Bank is Sergio Pino, a prominent Miami developer and political donor.