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Fitch Ratings said Monday that regional mid-sized and small banks face much greater risk from the commercial real estate slump than bigger rivals.
Not many stories this year have touched a nerve with readers as much as executive compensation.
The head of the Federal Deposit Insurance Corp. said Tuesday she's "very worried" that the nation's biggest banks aren't lending enough and warned the economy could take another turn for the worse without increased access to credit.
All but one of the 19 largest banks have raised the extra capital cushion regulators said they'd need to withstand a deeper recession — a sign, the Treasury secretary said, of how much the financial system has improved since the crisis began.
Two banks which have repaid their bailout funds said Monday they no longer need to take advantage of a special program that offers government insurance on certain deposits, like checking account funds, over $250,000.
The British government moved Tuesday to break up the country's two biggest retail banks, imposing a major shakeup on the financial sector as it exacts payback for last year's massive state bailout at the height of the financial crisis.
Treasury Secretary Timothy Geithner (GYT'-nur) says the U.S. banking system is "dramatically more stable" because of the government bailout.
The head of Canada's central bank said Monday the global financial industry is in danger of becoming arrogant by resisting regulatory change and handing out bonuses that wouldn't be there if governments hadn't intervened during the financial crisis.
SunTrust Banks Inc. on Thursday posted a big third-quarter loss as it set aside more money to cover bad loans, but said the rate at which mortgages were slipping into delinquency slowed for the first time in a year.
That big whoosh you're hearing is the air rushing out of a commercial real estate bubble.
The earnings reports from Wells Fargo & Co., Morgan Stanley and a handful of regional banks show there's a formula for prospering in a weak economy: a strong retail or investment banking operation and plenty of money on hand.
President Barack Obama wants smaller community banks to have greater access to the government's $700 billion financial rescue fund as the administration refocuses the bailout money on small businesses and homeowners and winds down programs aimed at big banks.
The big banks are showing they can still make money, even as Main Street struggles — though not from lending, refinancing homes or other bread-and-butter business.
With regulators warning that rising losses on commercial real estate loans pose risks for U.S. banks, senators asked Wednesday for greater attention to be focused on vulnerable smaller banks.
If the nation's major banks report big third-quarter profits, don't take the numbers at face value.
A downgrade of Goldman Sachs Group Inc. by influential bank analyst Meredith Whitney rattled financial stocks Tuesday, a day before major banks start reporting their earnings.
The stalled pace of the government's effort to head off home foreclosures has left families looking for other ways to save their homes. There are people out there who can help. But you have to pick very carefully.
Several firms that received large taxpayer bailouts have adjusted executive compensation to trim cash payouts before the Obama administration's pay czar issues new rules. Some fear those rules will go too far, preventing them from attracting the talent they need to remain competitive.
The credibility of the government's $700 billion financial rescue program was damaged by claims a year ago that all of the initial banks receiving support were healthy, a new report contends.
The International Monetary Fund is considering how the world's banks can pay more to help insure the financial system from another crisis and possibly assist poorer countries in the battle against climate change.
Bank of America Corp. is suspending its work with the housing affiliate of embattled community organizing group ACORN. The decision comes as three Republicans in Congress ask Bank of America and 13 other financial institutions to give Congress a complete accounting of their dealings with the Association of Community Organizations for Reform Now or its affiliates.
The recent drop in the value of the dollar has been a good thing for U.S. exporters. But if the currency falls too far, the consequences could be serious. The Answer Desk, by John W. Schoen.
Brandon Banks of Kansas State has become the 12th player in NCAA history to return two kickoffs for touchdowns in a game.
U.S. commercial banks earned $5.2 billion trading derivatives in the second quarter, as the level of risk eased in the global market for the complex financial instruments, according to a government report released Friday.
Treasury officials and regulators are weighing a fresh round of bailouts for banks that were deemed too risky to qualify for earlier aid.
Fed Beaten: Bill to Audit Federal Reserve Passes Key Hurdle"In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed offi …
FED Banks May have salted the United States Fort Knox American gold Reserve with Millions of FAKE gold Bars.In October, the Hong Kong bankers discovered some gold bars shipped from the United States were actually tungsten with gold plating. This is the exact same Modus Operandi as the silver clad zinc dimes from 45 years ago.
Société Générale tells clients how to prepare for potential 'global collapse'Yet another signal that things are going to continue to get worse.
Wall Street Journal says, The FED is transparent! You Know like Sanskrit!Under the banner of increasing Federal Reserve transparency, Congressman Ron Paul has sponsored a bill that would subject the Fed's monetary policies to an audit by the Government Accountability Office (GAO). The bill is a veiled attempt to undermine the Fed's independence.
Wall Street Journal comes to the Feds Rescue only to discover the Attackers are the Congress..OOps!The Fed in the past has resisted calls to release information, only to relent. In the 1990s, for instance, after pressure from Congress, the Fed began releasing transcripts of its interest-rate deliberations after a five year lag.
Why Won't Obama Give You a Job?"But while caution's prevailed in Washington when it comes to bailing out "Main Street," Wall Street's enjoyed a degree of socialism that would make Hugo Chavez blush.
Why Can't Prosecutors Even Come Close to Taking Down Wall Street Thugs?"The bankers at Goldman Sachs, Goldman's CEO pronounced last week, are doing "God's work." God, these days, must truly be working in strange ways. Take what happened a few short years ago, right before the bubble burst on the market for subprime-backed securities."
Confessions of a credit card telemarketer - The Red Tape Chronicles - msnbc.com"I hate flat-out lying to someone, but that's exactly what we do, 150 calls a day. I have seen so many people ripped off that I had to attempt to let people know." "Honestly, the little old ladies are the people who buy the most."
Bailed Out Banks Fund Cluster BombsYep, they do. The headline is for the benefit of the more liberal folks.
It's been reported that out of the 12.2 trillion dollars committed, 2.5 trillion dollars or so has been injected into the U.S. economy during last 18 months by the federal government.
Small businesses struggling as unemployment goes higher Reasons they're struggling:
Reflections on Glass-Steagall and Maniacal Deregulation"Today marks the 10-year anniversary of the passage of the repeal of the 1933 Glass-Steagall Act and related legislation.
Fannie Mae's 'Deed for Lease': Solution to Foreclosures? What if people who lost their homes to foreclosure could rent their houses back from the lenders that repossessed them? That idea, which has lingered on the outskirts of the housing-crisis debate, got a boost last week when the federal housing agency Fannie Mae said it would star …
Is Bank Of America Of Trying To Skirt The CARD Act With New Annual Fees?WalletBlog has accused Bank of America of breaking the spirit of its "no new fees" promise and of potentially breaking the law next year, after it announced it will introduce annual fees on some existing credit card accounts in 2010.
Not much detail here folks. There is another thread going on regarding the article in the NY Times entitled, "Credit card issuers share their pain with users." Reading through the multitude of responses it made me quite angry.
Stricter credit card terms likelyBanks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate increases, the Federal Reserve said Monday.
Geithner: need stimulus, not financial transactions tax: Thomson Reuters Business News - MSN MoneyGeithner says that the US favors stimulus over financial transaction taxes, whereas Britain says that a transaction fee should be charged and the funds used for future bank failures and bail outs. Canada is supporting the US position at the G20.
Britain's Channcellor, Alistair Darling, backs Gordon Brown's 'Tobin tax' despite cold shoulder from US | Business | guardian.co.uk Alistair Darling pledged today that the government would step up its fight for a new international tax on banking despite an initially frosty response to the plan from Washington.
The American economy is a happy place. The stock market is above 10,000. Corporate profits have improved. Productivity in the work place has surged.
Banks H1N1 curiosity for getting in priorityIt is shameful.It should first go the people who need them and are needy.
The Most Important Supreme Court Decision for Homeowners and Our Economy In DecadesAnd if we don't let our elected representatives know that we are watching and will not tolerate our elected officials blindly voting according to the wishes of the banking lobby, then our economy will not begin the recovery we're hoping for, and frankly, we will deserve every …
Credit-card rates up before new lawHave you checked the interest rates on your credit cards lately? Odds are they're going way up.
Senate acts to extend unemployment benefits, expand home-buyer tax credit - USATODAY.comWASHINGTON — Recognizing that a weak economy still needs a government boost, the Senate voted overwhelmingly Wednesday to provide the jobless with up to 20 weeks in additional unemployment benefits and expand a first-time homebuyer tax credit to include a far larger pool of peo …
Some Wall St. Bonuses May Hit Pre-Crisis Highs - DealBook Blog - NYTimes.comNow is the time of year when a Wall Streeter's fancy turns to thoughts of bonuses.
Ex-Goldman Sachs Partner Kaplan Expects Populist Rage to Swell Nov. 5 (Bloomberg) -- Robert S. Kaplan, a former Goldman Sachs Group Inc. partner who now teaches management at Harvard Business School, predicted that public anger at Wall Street will continue to grow as joblessness gets worse.
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