“When it comes to our nation’s hospitals, a business model that prioritizes profits over patient care and safety is unacceptable,” said Sen. Chuck Grassley.

Before his years in crypto, Daniel Friedberg worked at an online gaming software company that was rocked by a cheating scandal in 2008.

Documents show that officials, citing a need to protect against losses, actually expected to generate more money for the Treasury. Shareholders say they were wronged.

"This is my life," says Carlos Swepson, owner of a New York bistro with his wife. He's trying to pay off loans with an effective interest rate of 268 percent.

Created 10 years ago by a private-equity firm, USAP is now one of the largest in the U.S., with more than 4,000 doctors and spanning nine states. As it gobbled up existing practices, substantial...

‎Show The Prof G Pod with Scott Galloway, Ep Private Equity’s Impact on the Economy — with Gretchen Morgenson - Jul 27, 2023

MiMedx drove sales of its tissue grafts through means that included “channel stuffing,” and it brooked little criticism, some former employees allege. The company is doing an internal investigation...

Lawyers say they've found cases in 11 states in which Wells Fargo has wrongly claimed borrowers asked to pause mortgage payments during the COVID-19 pandemic.

An internal report shows customers with car loans had costly, unnecessary insurance tacked onto their bills, and 274,000 were pushed into delinquency.

Caring for the dying has become a booming $22.4 billion business as for-profit hospice agencies have entered the industry, consolidating small agencies into large chains, and converting nonprofit...

A former doctor at a private equity-owned dermatology chain alleges lost biopsies, overbooking and questionable quality control in the company-owned lab.

A mutual fund that is suing the government had sought documents regarding the 2012 decision to seize profits from Fannie Mae and Freddie Mac.

Sen. Gary Peters said he was concerned that emergency medicine staffing companies "may be engaging in cost-saving measures at the expense of patient safety and care."

The government, which has been trying to shield thousands of documents related to its 2012 decision to seize profits from the mortgage finance giants, must release 48 of 56 sample documents.

A McKinsey unit faces mounting legal and court challenges as the giant consulting firm attempts to defend its bankruptcy-advisory business.

VineBrook Homes has over 24,000 single-family homes in 18 states, including Ohio, Alabama, Indiana, Missouri and Mississippi, with mostly lower-income tenants.

Vornado's Steven Roth is mulling withholding cash flow from two buildings Vornado co-owns with Trump, which could make Trump sell his stake at a discount.

Gretchen Morgenson, a Pulitzer prize winning investigative journalist and author of “These Are the Plunderers: How Private Equity Runs—and Wrecks—America,” warned NMSU students, faculty, and alumni...

Previous studies say patients at those entities pay higher costs, experience reduced staffing levels and have higher death rates in nursing homes.

When Donald J. Trump said the financial system was rigged, he tapped into a sentiment among many voters that powerful executives were being protected at their expense.

One of the banking industry’s biggest soured bets since the financial crisis involved a complex municipal-bond investment. Warren Buffett was enmeshed in the deal.

The government is taking extraordinary measures to keep secret the deliberations surrounding a decision to expropriate all the earnings of Fannie Mae and Freddie Mac. What exactly is it trying to...

There’s no way America’s last great manufacturer murdered a prominent critic … is there?

“Fear of death is what is driving people's panic,” said one investment adviser. “The sentiment shift is as extreme as we have ever seen.”

Consulting firm McKinsey & Co. has drawn criticism for routinely making far fewer disclosures of potential conflicts of interest than other advisers. For more than a decade, its disclosures consisted...

As treasury secretary, Tim Geithner criticized predatory lenders. Now the private equity firm he leads runs a company that mails high-rate loans to risky customers.

McKinsey agreed to pay $15 million to settle Justice Department allegations that the consulting firm failed to make required disclosures of potential conflicts in three chapter 11 cases it had...

“If policymakers don’t intervene, we are facing the very real possibility of tens of millions of people losing their homes this winter,” said an advocate.

McKesson, the nation’s largest drug distributor, will be grilled about executive pay and controlled substances at its annual meeting on Wednesday.

North Dimension was where FTX customers were told to wire money if they wanted to trade on its exchange, according to a complaint filed by the SEC.

Richard Barnett didn't mention receiving government assistance when he told The New York Times about breaking into Pelosi's office and leaving her a nasty note.

By suggesting that the companies would be freed from government control, Steven Mnuchin backed an approach that would benefit small lenders and borrowers.

Slip-ups impede Wells Fargo’s efforts to compensate people who were charged improper fees after the Fed penalized it for its sales-practice misconduct

NBC News reported that Wells Fargo had placed customers into a program, without their permission, that suspended payments on federally backed mortgages.

Wells Fargo has acknowledged that it pocketed fee rebates that should have been passed on to a public pension fund in Tennessee while acting as its trustee, according to correspondence between the...

Government lawyers said they changed the terms of a bailout deal to protect taxpayers, but newly unsealed documents call that into question.

Silvergate is one of the few U.S. banks that let customers move dollars onto crypto exchanges. FTX and related firms, like Alameda Research, had 20 Silvergate accounts.

The bank’s practice of opening fake accounts and charging customers fees to do so has parallels with its mistreatment of some borrowers after the financial crisis.

Bob Kustra reviews the findings of three recent books about how private equity firms have ravaged the economy, harming workers and consumers. | Opinion

Three people who did business with Bankman-Fried and his companies in recent years told NBC News that they lost money in what they contend were manipulative trading activities.

Government lawyers said they changed the terms of a bailout deal to protect taxpayers, but newly unsealed documents call that into question.

Congress is asking questions about whether middlemen or "market makers" like Citadel that execute stock trades really give small investors the best prices.

The private-equity machine knows how to loot and destroy companies. And it's about to own the publisher of Stephen King and Ernest Hemingway.

Elon Musk’s extraordinary use of Twitter to battle short sellers has often been followed by a jump in Tesla’s stock price, hurting shorts in the process.

Wells Fargo said Tuesday that an internal error that affected customers requesting mortgage modifications to remain in their homes impacted hundreds more people than the bank initially thought.

A leader in the field, Trupanion, told a New Jersey pet owner his premiums would not go up more than 20% a year. But now Trupanion says they may go up 33.6%.

Sen. Johnny Isakson called the FBI in 2017 to follow up on a complaint lodged by the founder of biomedical company MiMedx Group against an investor who criticized the company and its founder.

Prominent figures from Jacob Gottlieb to Betsy DeVos got help from a reputation management firm that can bury image-sensitive Google results by placing flattering content on websites that masquerade...

In a flawed proposal, the regulator would reduce interactions between bank examiners and boards, giving managers more leeway to address internal ills.

Financial wrongdoing dropped — and stayed down — at companies that were subject to investigations, a new study shows.

William A. Ackman was on his way to being a legend of Wall Street — until one of his biggest wagers went very wrong.

Proceeds from the settlement with the N.Y. attorney general will go to investors across the U.S. who were fraudulently pushed into higher fee accounts.

MiMedx drove sales of its tissue grafts through means that included “channel stuffing,” and it brooked little criticism, some former employees allege. The company is doing an internal investigation...

The San Francisco Federal Reserve Bank seems to have missed signs that two failed banks, Silvergate and Silicon Valley Bank, weren’t on firm footing.

Employees, officials and antitrust experts worry the takeover and a huge payout to investors could mean fewer choices for grocery shoppers while imperiling pensions, pay and jobs.

Undisclosed financial ties sometimes exist between administrators hired by school districts for their teacher retirement plans and the companies whose investment products those administrators...

A financial adviser and his firm faced no regulatory action after a state investigator concluded the adviser acted unethically and violated Maryland insurance laws when he received a windfall from an...

Marshall Glickman, owner of an online bookseller in Vermont, is experiencing that bull market rarity — a mutual fund collapse. What happened?

North Dimension was where FTX customers were told to wire money if they wanted to trade on its exchange, according to a complaint filed by the SEC.

Attorneys for the company downplayed the criminal charges, but analysts warned that the firm and a top aide face serious allegations.

Despite scrutiny from federal and state investigators, shares of Lannett Company are up 15 percent this year to date.

The suit against U.S. Anesthesia Partners follows comments by the FTC chair that the agency would probe anticompetitive practices at companies acquired by private-equity firms.

Colleen Graham, a 20-year employee, alleges the bank wanted her to mislead auditors to avoid multimillion-dollar losses for itself and data firm Palantir.