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Freed from his liberal base and moneyed donors, Sen. Chris Dodd can now cast himself as the honest broker in negotiations over a massive Wall Street regulation bill. Complete Story...
FBL Financial Group Inc. said Monday its interim chief executive was named permanent CEO.
Financial services holding company ESB Financial Corp. said it will pay a dividend of 10 cents per share on Jan. 25 to shareholders of record Dec. 31.
Discover Financial Services on Thursday joined other major lenders in reporting more losses on credit card loans as Americans continue to struggle to pay off their debts.
The top Senate Democrat and Republican negotiating new Wall Street regulation said Wednesday they expect to resolve their differences before the end of January, an optimistic outlook for a bill that had seemed mired in partisan conflicts.
President Barack Obama on Saturday applauded House passage of an ambitious restructuring of federal financial regulations designed to correct failures that led to the economic meltdown.
Key provisions of financial regulation legislation passed by the House:
The 223-202 roll call Friday by which the House passed broad legislation changing how the government regulates banks and other financial institutions.
European Union leaders called for a global financial transaction levy and more responsible banking pay in the hopes it could help buffer against future market crises, according to a joint statement published Friday.
The House passed legislation Friday governing Wall Street, the biggest overhaul of laws covering banks and other financial institutions since the New Deal. Senate action is expected early next year.
Consumer advocates argued Wednesday that Congress should include auto dealers under the oversight of a proposed finance industry watchdog.
The House passed the most ambitious restructuring of federal financial regulations since the New Deal on Friday, aiming to head off any replay of last year's Wall Street failures that plunged the nation deep into recession.
Tensions at home were mounting after Jeremy Field lost a second construction job as the recession hit.
President Barack Obama says he's hoping to see financial regulatory reforms in place by early next year. But he says banks are trying to stand in the way, much in the same way he says insurance companies are trying to thwart health care reform.
Treasury Secretary Timothy Geithner affirmed Wednesday the administration's intent to soon end the $700 billion financial bailout program.
Sweeping regulations to tame Wall Street and protect consumers in dealings with lenders are on the verge of passing the House but their fate is hardly sealed.
Dollar Financial Corp. on Tuesday said its Canadian subsidiary plans to issue $350 million of debt in a private offering.
Embattled bond insurer Ambac Financial Group Inc. announced Tuesday the resignation of its chief financial officer.
BMO Financial Group said Tuesday that it will buy the Diners Club North American franchise from Citigroup Inc., more than doubling its corporate card business.
The House Financial Services Committee has voted to pull the curtain on the normally secretive Federal Reserve by subjecting the nation's central bank to a sweeping congressional audit.
E-Trade Financial Corp. shares surged late Wednesday after media reports fed speculation that rival online broker TD Ameritrade Holding Corp. could make a bid for the company.
The Principal Financial Group Inc. said Tuesday its president of insurance and financial services will retire at the end of this year.
Taking aim at Wall Street and the U.S. central bank, an important House committee voted Thursday to assess fees on large financial firms to pay for the failure of their peers and to require a sweeping congressional audit of the secretive Federal Reserve.
As Congress crafts legislation to impose new oversight on complex instruments blamed for hastening the financial crisis, a major sticking point has emerged over companies that use the derivatives to hedge risk.
Economic Scene - If the Fed Missed That Bubble, How Will It See a New One? - NYTimes.comWhat if the Fed had more power...
Fidelity: Generation Y Saving More and Spending LessAmong the positive results of the current economic situation is that those of my generation seem to be acting more fiscally responsible. Please share this information, as this year draws to a close.
Congress Considers Reinstating Glass-Steagall Act to separate Commercial and Investment Banking (With Video)A one-page proposal gaining traction in Congress could turn back the clock on Wall Street 10 years, forcing the breakup of banks, including Citigroup Inc.
We desperately need to bring back regulation of the finanacial industry. This is not socialism, or over-reaction.
Debtor's Dilemma: Pay the Mortgage or Walk Away Should I stay or should I go? That is the question more Americans are asking as the housing market continues to drag.
Time Magazine Names Bernanke 'Person of the Year'Federal Reserve Chairman Ben Bernanke has been named Time magazine's "Person of the Year" for 2009.
Subprime Lenders: New Century executives charged with fraudU.S. securities regulators Monday charged three former executives at now-bankrupt lender New Century with fraud, the latest government attempt to bring bad actors in the subprime market to justice.
Treasury Forecasts Smaller Loss From Bank Rescue - NYTimes.comThe Treasury Department expects to recover all but $42 billion of the $370 billion it has lent to ailing companies since the financial crisis began last year, with the portion lent to banks actually showing a slight profit, according to a new Treasury report.
DAWN.COM | Metropolitan | Karachi the Taliban revenue engine: Mustafa KamalKARACHI: Pakistan's biggest city and commercial hub of Karachi is the revenue engine of the Taliban who pose a threat to the US military operation in Afghanistan from city no-go areas, Karachi's mayor said on Wednesday.
It came to my attention the other day while surfing.. That there appeared to be a lot of ' Job Search" related advertisement. That made sense to me. After all, 15 million or so of us were out of work in the month of October.
In Wake of Dubai, Trying to Predict the Next BlowupLike overstretched American homeowners, governments and companies across the globe are groaning under the weight of debts that, some fear, might never be fully paid back.
The Saddest Story Ever: Bank Robber Cries During BurglaryPolice in Thousand Oaks, Calif., were searching Wednesday for a man who broke down in tears as he robbed a branch of the Santa Barbara Bank & Trust, confiding to a teller that he suffered from medical problems.
Is Britain on the brink of financial armageddon? He's one of our top entrepreneurs who recently put all his investments into cash. The reason: He believes Britain faces bankruptcy. You may disagree with his bleak analysis but you can't afford NOT to read it
BBC News - Views from Dubai: 'The end of the dream'One of Dubai's biggest investment companies, Dubai World, has asked for a six-month delay on repaying its debts, raising fears among investors about the financial health of the emirate.
Video: How Trillions of Dollars Were Stolen From U.S. Taxpayers An offshore corporate cartel is bankrupting the U.S. economy -- by design. Could it be that a worldwide regime, controlled by an unelected corporate elite, is implementing a system that will dominate all human activity and establish a system of neo-feudal slavery?
BBC News - Dubai's main investment fund seeks debt payment delayThe government-owned investment company behind Dubai's rapid development drive has asked its creditors for a six-month delay on repaying its debts.
NY Times to Goldman Sachs: Pay up to cut public debtA New York Times editorial slammed Goldman Sachs for its role in the financial crisis and said that instead of paying big bonuses to its employees it should make a multibillion-dollar gift to help reduce the U.S. national debt.
As pensions dried up, four firms paid top execs $49.5M The Government Accountability Office (GAO) reports that pensions at the companies, United Airlines, US Airways, Polaroid and Reliance Insurance, were underfunded by more than $11 billion when the companies turned them over to a government-backed insurance fund.
How To Catch A FraudWhen former HealthSouth Chief Executive Richard Scrushy was being tried on fraud charges in 2005, federal prosecutors asked why he wasn't alarmed by the fact that the company's sales were increasing while the number of its facilities was decreasing.
Paterson Paints Grim Picture of N.Y. Budget CrisisNew York Gov. David A. Paterson took the rare step Monday afternoon of addressing a joint session of the Legislature during its traditional off-season and used the speech to underscore the increasing grimness of New York's financial outlook. Mr.
"There is not a single successful regulator giving him (President Obama) advice" William Black ( government lawyer in the 1980's, helped secure more than 1000 felony convictions resulting from the S&L; scandal ) _______________________________________
BBC NEWS | South Asia | 'Fashion Week' first for PakistanPakistan is hosting its first ever fashion week in the city of Karachi against a backdrop of heavy security. Around 30 Pakistani designers are taking part in the event which ends on Saturday.
Wiccan Employee Files Sexual Religious Discrimination Lawsuit Against GoogleAmerican Express was one of these Corporate discriminators as well against several Wiccans. None of those tech workers in Phoenix sued, although they did engage the EEOC. We were given the the authenticated documentation to prove this so it's fact and not fiction!
Financial Terrorism in AmericaThe Taliban is no threat to the security and well being of this Nation, yet we will spend trillions to try to suppress them. The greatest threat facing this nation (as with all great threats) is from within our nations borders.
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