Bank stocks rose modestly Thursday as some investors said the tone of President Barack Obama's State of the Union address was positive for banks.
In a Jan. 22 story about new bank rules proposed by the Obama administration, The Associated Press erroneously reported that Bank of America had stopped issuing complex financial products known as derivatives. The bank has discontinued or curtailed some derivatives, not all of them.
Shares of SunTrust Banks Inc. fell Monday as several analysts cut ratings and profit projections, despite the regional bank posting better-than-expected results for the 2009 fourth quarter.
President Barack Obama's latest broadside against big banks may have more bark than bite.
Comparing the stock performance of regional banks Thursday to big, national institutions might give the impression that the trading occurred on different days.
A new proposal from President Barack Obama to limit the size and trading capabilities of big banks sent shares of major financial institutions plummeting Thursday.
Wells Fargo says the economy is getting better — it sees signs of recovery in its loan business.
Royal Bank of Scotland PLC Chief Executive Stephen Hester said Tuesday that the bailed-out bank's recovery is ahead of schedule as he defended its upcoming bonus packages against growing criticism.
While the rest of the world is trying to recover from recession, China is trying to slow its economy down.
Federal regulators moved Tuesday to seek public input on a plan to link the insurance premiums levied on U.S. banks to the degree of risk-taking encouraged by their executive pay policies.
The Credit Card Accountability and Disclosure Act will be a real game-changer – for both banks and cardholders – when it takes full effect next month.
Now that the nation’s biggest banks have returned the money the government provided to keep them from collapsing, readers are wondering if those banks needed the money in the first place.
This time, no fat cats. President Barack Obama took his plea for more small business lending to community bankers Tuesday, but his prodding was far gentler than it was with high finance CEOs last week.
U.S. banks earned $5.7 billion trading derivatives and cash investments in the third quarter, as the level of credit risk continued to decline in the global market, a government report released Friday shows.
Citigroup and other banks starting to repay the billions of dollars they borrowed from the government are getting another boost as they exit the bailout program: Billions more in tax breaks.
Austria's justice ministry says an investigation has been launched to clarify the circumstances surrounding the near demise of troubled financial institution Hypo Alpe Adria.
The number of banks with risky levels of bad loans continues to climb rapidly, particularly in the West and Southeast, according to federal data analyzed by msnbc.com and the at American University in Washington.
The last two major national banks are returning $45 billion in aid to taxpayers, marking the latest step toward recovery for the U.S. financial system.
President Barack Obama implored top bankers Monday to help keep the fragile recovery from faltering by boosting lending to small businesses and getting behind an overhaul of financial regulation. "We rise and fall together," he declared.
Better to be a banker in New York than Europe this bonus season.
The Great Bank Bailout of 2008 appears to be winding down — or at least some of the money is flowing back to the U.S. Treasury where it came from. So when the books are finally closed, how much will all this have cost taxpayers?
A senior Chinese official criticized foreign banks for selling derivatives with "fraudulent characteristics" that led to heavy losses for state-owned airlines and other companies.
Citigroup Inc. and Wells Fargo & Co. are seeking to repay billions in federal bailout aid but so far haven't received permission from the government, people familiar with the talks told The Associated Press.
Regional banks' shares received a modest boost Wednesday as an analyst was optimistic loan losses would begin to shrink in 2010.
Giving credit where it's due - Kavidog22 asked me a quesiton in #last_1
Obama has been on the attack against big banks the last several months. How dare they take government money and then pay big bonuses. Who do they think they are?
The important thing here is the writer. Paul Volcker has been saying these same things for a while already... but now he is saying them from the White House.
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So how's that program going that's supposed to help homeowners who are close to defaulting on their mortgages? Well, it turns out that banks are largely reducing monthly payment levels for people who participate in the program, but at the same time they're also increasing the pri …
It has been more than a year since all hell broke loose on Wall Street, and even after the State of the Union, almost nothing has been done to prevent all hell from breaking loose again.
Treasury Secretary Timothy Geithner's denial that he played any role in the AIG cover-up is contradicted by emails which confirm that both Geithner and the New York Federal Reserve were both intimately involved in keeping details about payments to banks including Goldman Sachs …
Even a Senator don`t know where the hell the money is going. These shysters have owned the U.S. and will continue until we demand an accounting!
"The film, narrated by Beck himself, purported to reveal "really disturbing and shocking stuff," specifically the "dirty little secret" that progressive political beliefs led inexorably to "some of the most horrifying outcomes in history." With help from interview subjects like J …
Just when you thought things couldn't get any worse, here comes another plan for state regulation. Barack Obama wants to restrict the private activity of financial institutions, including those which never asked for a bail-out. Gordon Brown wants to copy him.
Are you kidding me? Candidate Obama won a lopsided election in 2008 with a promise of change. Before he ever settled into the White House, he began grappling with the flotsam and jetsam left from the Bush administration's voyage to the bottom of the sea.
Gawker:
Wow could there be enough damage being done to our country that I could actually write enough about it? As mentioned over and over again how corrupt our system has become.
This for me is hands down the most clever way to use rap to get intelligent information and a point across. You got to check it out. For any of you guys up on the economy and this nation your going to like this. This perhaps is probably the only intellegent rap I've heard. :)
For small business owners credit has pretty much dried up. Politics has gotten in the way of the success of small business success. The worst part is for the most part it's not even local politics it's national politics.
"Barack Obama is a brand.
Most Americans favor the new effort by President Obama to recover the bailout money by taxing the nation's largest banks.
Monday January 25, 2010 We don’t need a college professor to tell us how to run banks, especially one who is a surrogate of a bunch of people.
ON THE day after Tuesday's electoral loss, the Obama administration brought an unfamiliar face to the White House - Elizabeth Warren, the Harvard Law professor noted for her staunch advocacy on behalf the middle class and fierce criticism of the bank bailouts.
Let's go to the Congressional Record for the testimony of Congressman Louis T. MacFadden in 1932:
The banks are at it again. It's bad enough they figured out how they could keep fleecing the consumer until the CARD act goes into effect next month.
WASHINGTON — Turning its scrutiny to bigger fish in the subprime mortgage scandal, the Justice Department is investigating whether lenders or Wall Street firms defrauded investors in the sale of risky mortgage securities, its Criminal Division chief disclosed Thursday.
Geithner is concerned that the proposed limits on big banks' trading and size could impact U.S. firms' global competitiveness, the sources said, speaking anonymously because Geithner has not spoken publicly about his reservations.
After spending his capital on health care and climate change as unemployment soared, President Obama sees political gold in bashing Wall Street to satisfy (often understandable) public anger.
New Mexico state representative Brian Egolf has introduced a bill to move the state's money out of Bank of America and into banks and credit unions chartered in New Mexico.