Sears Accuses ex-CEO of Looting $2B in Assets
The bankrupt retailer alleges Eddie Lampert and other investors siphoned off assets for their own gain through fraudulent spinoffs and other deals.
U.S. Frees Prudential From ‘Too Big to Fail’ Label
The Financial Stability Oversight Council's decision means there are no longer any nonbanks subject to stricter, post-crisis oversight.
U.S. Budget Deficit Swells to $779B in FY 2018
The White House blames increased spending for the mounting deficit but its own data "suggest falling revenues were a far larger contributor."
World Bank Approves $13B Paid-in Capital Hike
“This boost in capital was essential for us to advance our efforts to mobilize additional finance for development," the bank's president says.
Dollars, Deficits, and “Duh” in Davos
Under current U.S. fiscal policy, federal budget deficits are doomed to continue racing upward with no end in sight, investment consultant says.
Trump Blocks China-Backed Takeover of Lattice
The decision, which cited national security concerns, may signal problems for other Chinese deals under review by the administration.
U.S. Tightens Economic Vise on Venezuela
The White House wants to ensure U.S. banks cannot be used to help finance the expansion of undemocratic rule in Venezuela.