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WASHINGTON | The U.S. government is expected to file civil charges against Standard & Poor's Ratings Services, alleging it improperly gave high ratings to mortgage debt that later plunged in value and helped fuel the 2008 financial crisis.
WASHINGTON | As signs emerge that holiday sales this year grew at the weakest pace since 2008, investors are dumping retail stocks. Analysts are crowing about the missing "consumer engine" without which the economy may stagnate.
Waterlogged from Superstorm Sandy and unmoved by a solid October jobs report, U.S. stocks fell sharply Friday. The Dow Jones industrial average dropped 139 points as details about the storm's costs began to trickle out.
WASHINGTON | The government's consumer finance watchdog is in talks to settle charges that a California businessman falsely promised to help lower homeowners' monthly mortgage payments.
Big, round numbers are hard to ignore. That's why we pay attention when the odometer clicks over to 100,000 miles, and why the world threw a party at the dawn of 2000 instead of the technical start of the millennium in 2001.
In the latest sign that the economy is surging at year's end, unemployment claims have dropped to the lowest level since April 2008, long before anyone realized that the nation was in a recession.
Stock futures fell early Monday amid reports that a key congressional committee will fail to reach an agreement this week on how to cut the U.S. government's budget deficit.
WASHINGTON | Just as the U.S. economy is making progress despite Europe's turmoil, here come two new threats.
WASHINGTON | Millions of poor Americans who use prepaid debit cards could soon face higher fees.
NEW YORK (AP) — Stock futures are pointed higher as traders await economic reports that could signal the relative strength of the U.S. economic recovery.
WASHINGTON (AP) - Unsafe consumer loans for mortgages and credit cards were at the heart of the financial crisis. Banks handed out loans to people who couldn't afford them. The banks ended up with trillions in bad debt.
WASHINGTON | The head of the Securities and Exchange Commission told a congressional panel Tuesday that regulators need more time to figure out what caused last week's stock market plunge.
WASHINGTON | Republicans are stepping up their criticism of the Securities and Exchange Commission following reports that senior agency staffers spent hours surfing pornographic websites on government-issued computers while they were supposed to be policing the nation's financial system.
NEW YORK | Goldman Sachs stepped up its defense against civil fraud charges Monday, telling clients it did not withhold information in a complex transaction involving risky mortgage securities. But a big question was: Will other big investment banks face similar charges?
WASHINGTON | A former mortgage executive from Citigroup Inc. has accused bank executives of violating their own risk management policies and ignoring his warnings about the coming financial crisis.
WASHINGTON | Industrial production edged up 0.1 percent in February, beating expectations and marking the eighth straight monthly increase. The manufacturing sector -- for months a rare bright spot in the economy -- produced less due to winter storms but is expected to rebound in March.
American International Group Inc. is selling a cornerstone of its business, Asia-based life insurer AIA Group, in a government-approved $35.5 billion deal. The sale to British insurer Prudential PLC could reduce by nearly one-fifth the amount of federal bailout money still invested in strugg…
NEW YORK | President Barack Obama's latest broadside against big banks may have more bark than bite.
WASHINGTON | A fitful economic recovery is drawing strength from a stabilizing job market and signs that manufacturing will contribute to the rebound.
WASHINGTON | More than a million American households lost access to basic banking services like savings accounts last year, bank regulators say.
WASHINGTON | Regulators have approached big banks about borrowing billions to shore up the dwindling fund that insures regular deposit accounts.
WASHINGTON | Federal Deposit Insurance Corp. Chairman Sheila Bair is pushing back against key pillars of the Obama administration's financial overhaul plan, saying they wouldn't survive in Congress and calling her own alternatives more viable.
WASHINGTON | Interest rates on short-term Treasury bills fell in Monday's auction. The rate on six-month bills dropped to the lowest level since late December, while three-month bills also dipped.
WASHINGTON | Ten of the nation's largest banks were given the green light Tuesday to repay $68 billion in government bailout money, freeing them from restrictions on executive compensation that they say are making it hard to keep their top-performing executives.
WASHINGTON | The Treasury Department will allow 10 of the nation's largest banks to repay $68 billion in government bailout money.
WASHINGTON | The government's long-awaited "stress-test" results have found that 10 of the nation's 19 largest banks need a total of about $75 billion in new capital to withstand losses if the recession worsened.
WASHINGTON | The Federal Reserve on Friday said the government is prepared to rescue any of the banks that underwent "stress tests" and were deemed vulnerable if the recession worsened sharply.
WASHINGTON | The government's "stress tests" of 19 large banks take a harsher view of loans than of other troubled assets, according to a Federal Reserve document obtained by the Associated Press. That approach favors a few Wall Street banks while potentially threatening major regional players.
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