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"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
"Goldman Sachs Group Inc. confirmed Monday that its chief executive, Lloyd Blankfein, and other executives hired outside lawyers to advise them after the U.S. Senate referred a report on the bank's activities to the... Read More
"Chinese banking officials said Bank of America Corp. will keep at least half of its 10% stake in China Construction Bank Corp., disappointing investors who hoped the largest U.S. bank by assets would sell more of the... Read More
"The moves come as S&P faces questions about its controversial downgrade earlier this month of long-term U.S. debt and as the Securities and Exchange Commission and U. S. Justice Department look closely at the... Read More
"The number of American households that fell behind on their mortgages increased slightly in the second quarter from the previous quarter, according to a survey released Monday, an unwelcome sign for the U.S. economy.... Read More
"Lackluster economic data and weeks of stock-market gyrations are spurring forecasters to cut projections for U.S. growth for the second half of the year and beyond." Read the full article at The Wall Street... Read More
The revelation that the Securities and Exchange Commission had a history of destroying documents has once again raised questions about how well the agency has exercised its enforcement authority. Although Matt Taibbi in... Read More
Tough new anti-fraud and manipulation rules for futures and swaps that came into effect last week have caught trading firms unprepared for a coming crackdown. Traders are crowding into seminars and some firms are... Read More
"Eric T. Schneiderman, the attorney general of New York, has come under increasing pressure from the Obama administration to drop his opposition to a wide-ranging state settlement with banks over dubious foreclosure... Read More
"Record-low yields on U.S. Treasuries show traders expect Federal Reserve Chairman Ben S. Bernanke to signal as soon as this week that the central bank will begin a third round of asset purchases to boost the... Read More