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By Jesse Hamilton, Bloomberg |
February 26, 2013
U.S. banks had $141.3 billion in net income last year, the second-best on record behind the $145.2 billion total reported for 2006, on non-interest income and lower loss provisions, the Federal Deposit Insurance Corp. said.
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By Jesse Hamilton, Bloomberg |
January 18, 2013
HSBC Holdings Inc. has signed a $249 million accord to settle claims of improper U.S. foreclosures, joining 12 other mortgage servicers in a deal that now exceeds $9 billion, according to banking regulators.
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By Jesse Hamilton, Bloomberg |
January 7, 2013
Ten of the largest U.S. mortgage servicers will pay a combined $8.5 billion under an agreement that will end case-by-case reviews of foreclosure-abuse claims stemming from a 2011 deal with regulators.
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By Jesse Hamilton, Bloomberg |
September 19, 2012
If big U.S. banks are not forced to sever their investment arms from traditional banking, they will return to behavior that led to the 2008 credit crisis, said FDIC's Hoenig.
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By Jesse Hamilton, Bloomberg |
March 21, 2012
CFTC Chair Gary Gensler says he needs a 50% budget increase for the CFTC to meet its duties under the Dodd-Frank Act.
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By Jesse Hamilton, Bloomberg |
March 20, 2012
The U.S. Securities and Exchange Commission is updating the technology it uses to understand operations at the financial firms it regulates and to catch wrongdoing.
