-
By Cheyenne Hopkins |
April 24, 2013
More legislation is needed to rein in biggest U.S. banks because the Dodd-Frank Act has failed to guard taxpayers, the bill’s sponsors said.
-
By Craig Torres and Cheyenne Hopkins, Bloomberg |
February 4, 2013
Top U.S. bank regulators and lawmakers are pushing for action to limit the risk that the government again winds up financing the rescue of one or more of the nation’s biggest financial institutions.
-
By Heather Perlberg and Dakin Campbell, Bloomberg |
January 22, 2013
Mortgage revenue at the four largest U.S. lenders is surpassing the costs of faulty home loans and foreclosures from the housing boom as Federal Reserve and government policies help fuel the recovery.
-
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.
-
By Donal Griffin and Jesse Hamilton, Bloomberg |
January 16, 2013
Goldman Sachs Group Inc. and Morgan Stanley agreed to offer a $557 million package of cash and other assistance for mortgage borrowers to settle a federal probe into allegations that the banks improperly seized homes.
-
By Eleni Himaras, Bloomberg |
January 14, 2013
Investment banks are cutting jobs in equities faster than any other division as revenue recovers at a slower pace than the rest of their businesses and more trading is automated.
-
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.
-
By Claudia Carpenter and Inyoung Hwang, Bloomberg |
December 27, 2012
U.S. stocks retreated for a fourth day, while Treasuries gained, as Senate Majority Leader Harry Reid said nothing is happening in budget talks and the nation appears to be headed toward the fiscal cliff.
-
By Cordell Eddings and Daniel Kruger, Bloomberg |
August 20, 2012
The gap between U.S. bank deposits and loans is growing at the fastest pace in two years, providing lenders with more funds to buy bonds and temper the biggest sell-off in Treasuries since 2010.
-
By Bob Van Voris and Martin Braun |
July 30, 2012
Peter Ghavami, former co-head of UBS AG’s municipal-derivatives group, goes on trial today with two ex-colleagues in a bond bid-rigging probe.
