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The collapse of the Galleon Group hedge fund and criminal conviction of its founder, Raj Rajaratnam, is just the latest example of a cataclysmic about-face in the finance industry. Anita Raghavan, author of "Billionaire's Apprentice," a just-released book on Galleon, discusses why such scandals recur with such frequency and what cautionary lessons bankers and others can draw.
June 10
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A crackdown on payday lending looks increasingly likely and risks sending low-income consumers in search unregulated financing options on the Internet and abroad. That threat is a key topic of discussion at American Bankers Underbanked Financial Services Forum, which wraps up Friday in Miami. National Editor Maria Aspan reports from the event.
June 7
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The industry is up in arms over a proposal that would require banks to disclose in call reports specific sources of fee revenue. In question is whether the mandate would improve oversight of safety and soundness or instead is aimed at furthering the policy agenda of the Consumer Financial Protection Bureau and consumer advocates.
June 6
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The Consumer Financial Protection Bureau appears close to clamping down on fees on account overdrafts and payday loans. That's left some observers fearful low-income consumers will end up losing access to financial services many count on to make ends meet.
June 5
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It's been a buoyant year for stocks but not for bank deals. Regulatory uncertainty and a failure of buyers and sellers to come to terms on price continue to stymie activity. American Banker staffers discuss whether the market is getting closer to taking off and why some big investors have been selling.
June 3
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Tech startups are gunning to compete with banks by providing financial services to low-income and other underserved customers. Many of the offerings provide me-too services with limited appeal, however, rather than attractive innovations.
June 3
