The President of the European Central Bank, Jean-Claude Trichet, told Forbes that global governance is extremely necessary if we want to prevent another financial crisis. In his prepared printed and spoken remarks to the Council on Foreign Relations, Trichet emphasized that politicians, economists, and financiers must work across the Atlantic and collaborate on methods to create an international set... 

Goldman Sachs came under fresh pressure this morning after it was revealed the Wall Street powerhouse faces a criminal investigation into mortgage security deals it arranged. The inquiry follows civil fraud charges filed by the government against Goldman two weeks ago. The U.S. attorney’s office in Manhattan opened the investigation following a criminal referral by America’s financial watchdog,...