Treasury Secretary Scott Bessent announced the changes to the Financial Stability Oversight Council's mandates ahead of a meeting of the watchdog that he is scheduled to chair Thursday afternoon.

Treasury Secretary's proposal to revamp the Financial Stability Oversight Council would expose Americans to risk, critics say.

Discover the key causes of the 2008 financial crisis, including leverage, risk, and valuation, and learn how such upheavals impact the global economy.

Aug. 14 (UPI) --Swiss bank UBS Global said Monday it will pay a fine of more than $1.4 billion to U.S. authorities to settle charges that it sold risky residential mortgage-backed securities in the ...

This month marks 14 years since the 2008 global financial crisis. The demise of the investment bank Lehman Brothers on Sept. 15 sparked an economic downturn that was felt throughout the world. The ...

Like other banks that were damaged during the crisis, Bank of America has struggled to get its stock price back to the highs seen when George W. Bush was still president. Citigroup shares also haven’t ...

Jay Powell got a few questions on Wednesday about the report the Federal Reserve put out on Silicon Valley Bank and what went wrong regulating and supervising it. Amid the 118 riveting pages on ...

The next global financial shock will test MENA not only on policy competence, but on priorities. If poverty reduction remains a secondary concern—addressed after crises rather than before them—the ...

Discover how monoline insurance companies enhance credit through credit wraps, their role in the 2008 financial crisis, and the risks they faced during the downturn.

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WASHINGTON — Ray Dalio, the founder of the hedge fund Bridgewater Associates, said Sunday he is "worried about something worse than a recession" if President Donald Trump does not properly handle ...