The media is failing again. In the case of AIG the pertinent factors can easily be explained yet I keep reading about how complicated it is and nobody saw it coming. The only reason AIG is in trouble ...

NEW YORK, (Reuters) - The role of banks in the $615-trillion over-the-counter derivatives markets is a central point of contention as U.S. lawmakers work to finalize sweeping financial reforms in the ...

— -- Top financial institutions helped non-U.S. investors avoid billions of dollars in federal taxes due on dividends from American companies by marketing allegedly abusive offshore transactions, ...

LONDON (Reuters) - The full bill Britain's banks must pay for mis-selling interest rate swaps won't be known for some time, with lenders still not handling claims fast enough, a top regulator said.

The government’s request for an “unlimited currency swap” to the U.S. side in exchange for a $350 billion investment in the U.S. has drawn criticism from the financial sector, which points out, “It is ...