Royal Bank of Scotland loses $5.5 billion in 2009
(AP)
AP - Royal Bank of Scotland Group PLC, government-owned after being bailed out, reported a loss of 3.6 billion pounds for 2009 but beat expectations and said the peak of bad loans from the economic crisis may have passed.
[ Published on :
Thu, 25 Feb 2010 11:37 ]
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Bernanke to wage fresh battle for Fed powers
(AP)
 AP - Federal Reserve Chairman Ben Bernanke plans to wage a fresh battle against Senate efforts to scale back the Feds role in supervising the nations banks.
[ Published on :
Wed, 17 Mar 2010 10:12 ]
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Oil prices lose ground
(AFP)
 AFP - World oil prices weakened on Thursday as a stronger dollar sapped investors enthusiasm for crude, traders said.
[ Published on :
Thu, 25 Feb 2010 05:21 ]
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American Equity execs to pay $1M in SEC probe deal
(AP)
AP - American Equity Investment Life Holding Co. on Wednesday said two top executives will pay more than $1 million in penalties as part of a settlement of a Securities and Exchange Commission inquiry into disclosures on a company proxy statement.
[ Published on :
Fri, 05 Mar 2010 02:43 ]
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Toyota receives grand jury subpoena for documents
(AP)
 AP - Toyota said Monday it received a subpoena from a federal grand jury seeking documents related to unintended acceleration in its vehicles and the braking system of its Prius hybrid.
[ Published on :
Mon, 22 Feb 2010 05:58 ]
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Fed to look into insurance contracts on Greek debt
(AP)
 AP - Federal Reserve Chairman Ben Bernanke told lawmakers Thursday that the central bank is looking into Goldman Sachs and other Wall Street firms use of a sophisticated investment instrument to make bets that Greece will default on its debt.
[ Published on :
Thu, 25 Feb 2010 05:21 ]
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Senate talks close in on deal for Wall Street regs
(AP)
 AP - More than a year after Lehman Brothers collapse set off a financial panic, Senate negotiators appear close to resolving a narrow dispute that was holding up broad legislation to set new rules for Wall Street.
[ Published on :
Tue, 02 Mar 2010 10:37 ]
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Housing: Time to Pull the Plug on Government Support
(BusinessWeek)
BusinessWeek - Americas housing market implosion was the epicenter of the Great Recession. Its hardly surprising that the federal government directed enormous resources at the market. Besides bailing out vulnerable banks, the federal government nationalized mortgage behemoths Fannie Mae and Freddie Mac, opened the lending spigot at the Federal Housing Administration (FHA), passed a first-time home buyers tax credit, and established a mortgage modification program for troubled homeowners. The Federal Reserve embarked on a $1. ...
[ Published on :
Tue, 02 Mar 2010 10:37 ]
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Nationwide strike in Greece against austerity plan
(AP)
AP - Greek unions staged a nationwide strike Wednesday, grounding flights, shutting schools and crippling public services, in a show of strength against government austerity measures aimed at pulling the debt-ridden country out of financial crisis.
[ Published on :
Wed, 24 Feb 2010 11:16 ]
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Sen Dodd boosts Fed in new financial reforms
(Reuters)
Reuters - The Federal Reserve would take on a greatly expanded role in financial regulation under new legislation unveiled on Monday by a top Senate Democrat, in a push to move ahead with the regulatory reform that has been a top priority of President Barack Obama.
[ Published on :
Tue, 16 Mar 2010 09:40 ]
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