Freddie Mac said yesterday that it had understated its earnings by nearly $5 billion over more than three years, ending an 11-month review of the company’s accounting that led to resignations by prominent executives and...

The Securities and Exchange Commission’s top accountant last night told mortgage funding giant Fannie Mae that it should correct its past accounting, a directive that could erase 38 percent of the profit the government-sponsored company...

The inspector general of the Federal Deposit Insurance Corporation told The Wall Street Journal recently that the agency had opened criminal investigations into about 50 banks that had failed since the financial collapse in 2008....

Sen. Elizabeth Warren (D-Mass.) spoke on the five-year anniversary of the financial crisis, saying Congress should act to end “too big to fail” financial institutions. “There are many who say, sure, ‘too big to fail’...

Among the noteworthy legacies left by Sheila Bair is a committee of outside experts advising the Federal Deposit Insurance Corp. on how to resolve systemically important institutions. It includes luminaries from government and business like...

Hey banks, if you thought those additional capital requirements earlier this week were painful take a look at the new bill Senator Elizabeth Warren filed today. The 21st Century Glass Steagall Act would break up...

Possibly as a result of a barrage of recent press criticism for its nonpublic settlements, the FDIC has launched a page on its website to publish details regarding the settlements it has reached in failed...

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Possibly as a result of a barrage of recent press criticism for its nonpublic settlements, the FDIC has launched a page on its website to publish details regarding the settlements it has reached in failed...