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Wells Fargo & Co. reached a $590 million agreement to settle claims with investors in Wachovia securities, another piece of fallout from the fallen bank's subprime-mortgage portfolio. Wachovia's auditor at the... Read More
LONDON—Banks in Italy and other ailing European countries are encountering challenges securing affordable funding, but the troubles haven't caused severe problems. Fearful about Europe's crisis spinning out of... Read More
Against the odds, the derivatives-trading business that nearly brought down American International Group Inc. has turned into a profit center. The New York-based insurer's once-struggling AIG Financial Products division... Read More
Federal criminal investigations of IndyMac Bancorp and New Century Financial Corp. have stalled and could result in no charges being filed, said people familiar with the situation. Separately, the U.S. Attorney's office... Read More
"U.S. stocks fell the most in 32 months this week, erasing the Standard & Poor’s 500 Index’s 2011 advance, as investors fled equities amid signs that the economy is stalling. An early rally faded... Read More
Standard & Poor’s removed the United States government from its list of risk-free borrowers for the first time on Friday night, a downgrade that is freighted with symbolic significance but carries few clear... Read More
Viewed from New York, the manner in which this eurozone story is playing out feels unnervingly similar to the pattern behind the American financial turmoil of late 2008…So will this now be followed, as it was in 2008... Read More
"The ringfence to be put around Britain's retail banking operations - the core recommendation of the government-appointed Vickers Commission - will be far stricter than many bankers had anticipated, according to... Read More
Investors are going to the mattresses, or the market equivalent of it. As fears mount over sputtering growth and the continued fallout from Europe's crisis, investors are moving heavily into cash. Read the full story at... Read More
"The crisis must be bad: The European Central Bank has resumed its mothballed bond-buying program. After lying dormant for months, the ECB's Securities Markets Program sputtered into life Thursday to buy Irish and... Read More
"No country seems to want a rising currency—and that poses a problem for a world economy struggling with weakening prospects for growth in the world's biggest developed nations." Read the full story at... Read More
The European Central Bank resumed a crisis-management role on Thursday, stepping in after a four-month pause to buy government bonds in response to a debt crisis that started nearly two years ago in Greece and now threatens... Read More
Before getting too excited about the modest uptick in net job creation and a slight downward move in the unemployment rate, it’s probably worth a look under the hood. Read the full story at CNBC
Bank of New York Mellon Corp. on Thursday took the extraordinary step of telling large clients it will charge them to hold cash. Read the full article at The Wall Street Journal
"The attention-grabbing event in the economy over the past week was Thursday's 512.76-point plunge in the Dow Jones Industrial Average." Read the full story at The Wall Street Journal
The New York attorney general is moving to block a proposed $8.5 billion settlement struck in June by Bank of New York Mellon and Bank of America over troubled loan pools issued by Countrywide. A lawsuit filed late Thursday... Read More
Wall Street has its hands full with the Volcker Rule, according to a  new report by the consulting firm Deloitte. Read the full story at the New York Times
"Citigroup has staked out its ambitions to capture business flowing from sweeping reform of the over-the-counter markets by poaching 14 bankers - mostly from JPMorgan - as the bank relaunches its exchange-traded... Read More
Dennis Kelleher, president and CEO of Better Markets, is featured on an segment on the process of Dodd-Frank rulemaking. Listen to the segment here
Michael Masters, Better Markets chairman, speaks on efforts to curb excessive speculation in commodity markets with Bloomberg TV.