Fannie Mae and Freddie Mac, the mortgage-finance giants operating under U.S. conservatorship, would be unwound and replaced by a lender-owned securities issuer under a proposal from Representative Maxine Waters.
Sprint Nextel Corp. combined sales and marketing for its business and consumer divisions, placing them under managers from the business side, and announced the departure of four executives.
The ephemeral messaging software company turned down an acquisition offer of $3 billion from Facebook. It may have been the right move.
The fight over the Volcker rule is shifting in Wall Street’s favor.
Campaign politics were already whipping Washington into frenzy. A split Congress shunned compromise on financial rules or fixes for the economy.
"The clinical circumstances are virtually unknowable."
- John Carney on Apr 09, 2013