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Fiat denies Marchionne dissed Chrysler IPO

Finger On Mouth

Chrysler and Fiat are denying Sergio Marchionne told analysts and potential investors they would be better served not investing in the Chrysler IPO if the smallest of the Big Three automakers completes a public offering of stock.

Here are 7 debt-default doomsday scenarios

BSOD Error

Faced with some Republicans shrugging their shoulders at the thought of the U.S. defaulting on its debt obligations for the first time ever, notable economists are warning that the consequences would be the economic equivalent of a swarm of frogs and a plague of locusts.

JPMorgan said working to contain damage

Jamie Dimon

Jamie Dimon likes to point out that JPMorgan was 'a port in the storm' during the financial crisis, but five years later, the bank now finds itself under the cloud of what could be one of the largest fines in U.S. history.

Madoff Trustee still going after big banks

Pointing The Finger

The trustee seeking to recover money for the victims of Bernard Madoff’s Ponzi scheme asked the Supreme Court on Wednesday to review a ruling that prohibits him from suing several of the world’s largest banks that he contends aided the fraud.

Meredith Whitney deregisters brokerage

Meredith Whitney Still

Meredith Whitney, who built her own Wall Street advisory firm after winning renown for a 2007 call on Citigroup, deregistered her brokerage unit after three unprofitable years and is setting up an investment fund, according to industry records.

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