While no system can achieve 100 percent compliance, the current U.S. tax gap – the difference between taxes collected and taxed owed – will not be substantially closed based on current enforcement resources ...

The Federal Reserve wants worried banks to know that they have another two years to comply with Wall Street reform’s so-called Volcker Rule that would ban them from trading with their own money. The Volcker rule ...

Citigroup shareholders voted down the bank’s $15 million pay package for its chief executive, Vikram S. Pandit, in a rare instance of opposition to inflated compensation from the very owners of a Wall Street institution. The ...

The Obama Administration is proposing new measures to police or limit oil market speculation in a move to combat gas prices and the perception that the president is not doing enough to help consumers. The administration ...

Three-quarters of Americans surveyed favor President Obama’s proposed “Buffett Rule” that would tax those earning $1 million a year or more at a minimum 30 percent rate. But the measure was shot down along ...

Institutions taking part in the government’s Small Business Lending Fund increased loans in the last quarter of 2011 by $1.3 billion over the prior quarter — for a total of $4.8 billion more than the average ...

The housing market’s boom – followed by a bust that saw $7 trillion lost in home values – represented the “trigger” of the financial crisis, not necessarily its cause. This is the latest insight ...

New York Gov. Andrew Cuomo has issued an executive order to establish a statewide health insurance exchange – an online marketplace – that he said will lower insurance costs for small businesses, local governments ...

Pronouncements by Federal Reserve Chairman Ben Bernanke just a few days ago that doused visions of a rosy jobs market apparently came true this week with a release of the first disappointing unemployment report ...

With new guidelines, the Federal Reserve has paved the way for banks to convert foreclosed residential properties into rentals “in light of the extraordinary market conditions.” The Fed also said that Banks ...