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"The U.S. economy grew at a meager 1 percent annual pace this spring, slower than previously estimated. The downward revision will likely increase fears that the economy is at risk of another recession." Read the... Read More
"The nation’s economy grew at an annual rate of 1 percent this spring, slower than previously estimated, the Commerce Department said Friday. The downward revision is stoking fears that the economy is at risk of... Read More
"The latest financial market convulsions have been tough for almost everyone, including traders caught on the wrong side of another big swing and pained everyday investors watching their dwindling holdings go down and... Read More
"FOR the last three years we have been told repeatedly by government officials that funneling hundreds of billions of dollars to large and teetering banks during the credit crisis was necessary to save the... Read More
"The economy may be bad, but consumer confidence is even worse and holds the potential to bring the sluggish recovery to a halt." Read the full story at Wall Street Journal
"U.S. regulators have asked some banks to take more deposits from large investors even if it’s unprofitable, and lenders in return are seeking relief on insurance premiums and leverage ratios, according to six... Read More
The U.S. futures regulator expects to vote next month on a pair of proposals that would outline when the market would have to comply with new steps designed to bring more oversight to the multi-trillion-dollar swaps market... Read More
"Charles Schwab, the brokerage firm and investment manager, sued 11 major banks on Tuesday, claiming they conspired to manipulate a borrowing benchmark used to set interest rates. In a pair of lawsuits filed in the... Read More
A group of regulators said Wednesday it wants to beef up surveillance of the $600 trillion swaps market via improved record-keeping and the reporting of additional information to data warehouses. The Committee on Payment... Read More
"Douglas Peterson knows how to make a striking apology.  In 2004, Mr. Peterson stood next to his boss, Citigroup Inc.'s then-chief executive, Charles Prince, to apologize for lapses at... Read More
"Iowa Attorney General Tom Miller, who is leading foreclosure settlement negotiations with the nation’s largest banks on behalf of all 50 states, abruptly removed New York Attorney General Eric Schneiderman... Read More
"The European Central Bank’s emergency efforts to address the continent’s debt crisis represent a highly un­or­tho­dox leap into politics and an exceptional foray into the financial... Read More
"Regulators said they might not have enough information to assess the threat over-the-counter derivatives pose to the financial system." Read the full story at Bloomberg
"Home prices in the U.S. fell 5.9 percent in the second quarter from a year earlier, the biggest decline since 2009, as foreclosures added to the inventory of properties for sale." Read the full article at ... Read More
State Street Corp. and JPMorgan Chase & Co. profited during the financial crisis by borrowing $200 billion almost risk-free from the Federal Reserve under a program intended to rescue money-market mutual funds. The... Read More
The planned takeover of NYSE Euronext by Germany's Deutsche Börse AG on Tuesday cleared a regulatory hurdle that has thwarted prior cross-border deals centered on enterprises deemed critical to the U.S. The... Read More
"U.S. banks increased lending for the first time in three years during the second quarter of 2011, a modest 1% increase from the previous quarter, the Federal Deposit Insurance Corp. said Tuesday. But for the second... Read More
Capital One is the latest bank accused of being “too big to fail.” A proposed $9.2 billion purchase of the online bank ING Direct would make Capital One the fifth-largest bank in the United States with... Read More
 "As Bank of America's stock skids toward levels it has not seen since the credit crisis, one is reminded of a lesson from that time: sometimes banks need to raise capital, even when they think they don... Read More
"In his excellent comment “Star traders, rip-offs and old-style bankers” (August 19), John Plender observes that universal banks take excessive risks in their various trading activities. Excess risk-taking... Read More