FILE - In this Oct. 6, 2008 file photo, Lehman Brothers Holdings Inc. Chief Executive Richard S. Fuld Jr., front center, is heckled by protesters as he leaves Capitol Hill in Washington after testify before the House Oversight and Government Reform Committee ...
FDIC chairman says loopholes must be filled in Senate overhaul bill to end 'too-big-to-fail' A key senator has agreed with the head of the Federal Deposit Insurance Corp. to change new Senate legislation to ensure an end to the "too-big-to-fail" approach that ...
Regulators shut banks in Alabama, Georgia, Minnesota, Ohio and Utah; makes 37 this year Regulators on Friday shut down seven banks in five states, bringing to 37 the number of bank failures in the U.S. so far this year. The closings follow ...
Real estate trust Boston Properties votes to pay dividend of 50 cents Real estate investment trust Boston Properties Inc. said Friday its board declared a quarterly dividend of 50 cents. The dividend is payable April 30 to shareholders of record at the ...
NEW YORK (Reuters) - In a significant victory for news media, a federal appeals court said the Federal Reserve must disclose records on emergency lending programs to banks bailed out by the government in the financial crisis. The Second Circuit Court of ...
WASHINGTON (Reuters) - Republicans in the House of Representatives on Friday recommended the country's top two mortgage finance companies, the recipients of a massive government bailout during the height of the financial crisis, be phased out in four years in order to ...
WASHINGTON (Reuters) - Gary Gensler, who once supported market deregulation blamed for the recent financial meltdown, has been winning over members of Congress who had been skeptical of his ability to rein in Wall Street as the top U.S. futures regulator. A ...
Over 1,000 rich Germans with accounts at Swiss bank Credit Suisse found themselves under investigation Friday following the purchase by authorities of a CD containing the names of tax dodgers. "State prosecutors have launched 1,100 investigations against customers and staff of Credit ...
Partly-nationalised Lloyds Banking Group forecast on Friday that it will return to profitability in 2010 and reported strong trade in the first few months of the year. "In the first 10 weeks of 2010, the group's trading performance has been strong and ...
German insurer Allianz sees 2010 operating profit around 2009 level of $9.7 billion German insurer Allianz SE expects its 2010 operating profit to be around last year's level of euro7.2 billion ($9.7 billion) as the global economy comes out of a long ...
