News Headline

As Recovery Boosts Big Banks, Smaller Lenders Are Still Struggling

Thu, 09 Sep 2010 12:00:00

While large banks are showing signs of recovering from the financial crisis, many of the country's small banks are still

Regulators Defend Citi Settlement

Thu, 09 Sep 2010 12:00:00

Securities regulators defended their proposed $75 million settlement with Citigroup Inc., saying it "achieves a fair balance" between

Barclays Hires Ex-CIT Chief Peek

Thu, 09 Sep 2010 12:00:00

Barclays Capital has hired former CIT Group Inc. Chairman and Chief Executive Jeffrey Peek as vice chairman of its investment-banking division

UK watchdog fines Goldman Sachs $27 million

Thu, 09 Sep 2010 12:00:00

Britain's financial watchdog slapped a 17.5 million pounds ($27 million) fine on Goldman Sachs on Thursday for inadequate disclosure of a

U.S. Bank CEO: Overland Park beat out 360 cities for 1,300-job center

Thu, 09 Sep 2010 12:00:00

U.S. Bank CEO Richard Davis said Overland Park beat out 360 cities nationwide to become the location for the

South Florida communities get $40 million in foreclosure aid

Thu, 09 Sep 2010 12:00:00

Fort Lauderdale, Boynton Beach and Miramar learned Wednesday they are among 17 governments in Palm Beach and Broward counties getting

JPMorgan Hires Bank of America Attorney to Oversee Regulation

Thu, 09 Sep 2010 12:00:00

JPMorgan Chase & Co., the second- largest U.S. bank by assets, lured away Bank of America Corp. Deputy General Counsel Gregory Baer to oversee global

Bankers urge government to pull plug on Fannie, Freddie

Thu, 09 Sep 2010 12:00:00

The federal government should take mortgage finance giants Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) off life support sooner

Falling Rates Aid Debtors, but Hamper Savers

Thu, 09 Sep 2010 12:00:00

Households and corporations alike are refinancing their loans in droves to take advantage of interest rates that seem impossibly cheap. But those same low

Judge OKs Advanta settlement with FDIC that could cost investors

Thu, 09 Sep 2010 12:00:00

A federal judge in Wilmington has approved a settlement between Advanta Corp. and the Federal Deposit Insurance Corp. that

Economists cut U.S. growth forecast again

Thu, 09 Sep 2010 12:00:00

Projected U.S. economic growth for the rest of this year and next was revised down for a third month in a row by a panel of about 50

Financial services veteran plans to buy Bay Cities National Bank of Redondo Beach

Thu, 09 Sep 2010 12:00:00

Stephen Gordon's investment group adds to a wave of private money flooding into California community banks.

Consumer watchdog candidate Elizabeth Warren pays another visit to White House

Thu, 09 Sep 2010 12:00:00

Elizabeth Warren slipped quietly into Washington on Tuesday to talk with President Obama about the possibility of leading the new

SEC Says Prince, Rubin Knew of Losses on Assets at Suit’s Focus

Thu, 09 Sep 2010 12:00:00

Charles O. “Chuck” Prince and Robert Rubin were among Citigroup Inc. officials who knew 2007 losses were

FDIC's Bair warns of government "exposure" in mortgages

Thu, 09 Sep 2010 12:00:00

A key U.S. banking regulator raised concern on Wednesday about the risk of "exposure" the government is taking on in the mortgage market