Citigroup pays new CEO Corbat $12.4M in 2012
Citigroup awarded its new CEO, Michael Corbat, a total of $12.4 million last year. That's 17 percent less than the $14.9 million his predecessor, ...
Japan's parliament clears Kuroda to head BOJ
Japan's parliament on Friday endorsed Haruhiko Kuroda, a finance ministry veteran and president of the Asian Development Bank, to become central bank ...
Fed: JPMorgan, Goldman need better capital plans
JPMorgan Chase and Goldman Sachs need better plans for coping with a severe recession, the Federal Reserve said Thursday, giving the banks until ...
'Bucket List Bandit' pleads guilty to bank heists
A man nicknamed the "Bucket List Bandit" after he allegedly told a Utah bank teller that he had just four months to live pleaded guilty Wednesday to ...
Fed says 17 of 18 top US banks have strengthened
All but one of the nation's 18 largest banks are more prepared to withstand a severe U.S. recession and a global downturn than at any time since the ...
Stocks gain for fifth day on unemployment report
The Dow pushed further into record territory Thursday, having surpassed its previous all-time high two days ago. The catalyst was the latest evidence ...
Content Partners buys 50 pct. stake in 'CSI'
Entertainment finance firm Content Partners has purchased a 50 percent stake in the "CSI" television franchise from a Goldman Sachs affiliate.
AP Photos: A look at key moments in Dow history
The Dow Jones industrial average often makes headlines. But let's not forget everything else that happened as the Dow has twisted and turned — from ...
JPMorgan to scale back troubled-mortgage jobs
JPMorgan will trim about 19,000 jobs over the next two years but cast a positive spin on the news: It is shrinking the unit it had beefed up to handle ...
US 4Q bank earnings up 37 pct as lending rises
Profits at U.S. banks jumped almost 37 percent for the October-December period, reaching the highest level for a fourth quarter in six years as banks ...
5 big US banks have cut mortgage debt by $19B
Five of the biggest U.S. banks have cut struggling homeowners' mortgage balances by $19 billion, part of a total $45.8 billion in relief provided ...
Dow closes at highest level of year, nears record
The Dow rose to its highest close of the year, putting it within 1 percent of its record. Stocks gained after impressive results from two big consumer ...
Lender Processing paying $121M to resolve claims
One of the biggest U.S. mortgage processing companies has agreed to pay $121 million to resolve states' claims that it wrongfully foreclosed on ...
Report: States force jobless to pay needless fees
Jobless Americans are paying millions in unnecessary fees to collect unemployment benefits because of state policies encouraging them to get the money ...
US economy gets lift from housing, other tailwinds
The U.S. economy is a study in contrasts. The housing, banking and auto industries are surging back to health and that has helped push the stock ...
Top white-collar crime prosecutor to lead SEC
President Barack Obama on Thursday nominated Mary Jo White, a former U.S. attorney who built a reputation prosecuting white-collar criminals, ...
Morgan Stanley's profit surges, stock soars
Profits roared back at the investment bank Morgan Stanley in the fourth quarter, reversing a loss in the same period a year ago, when its results were ...
HSBC to pay $249M to settle foreclosure-abuse case
British bank HSBC will pay $249 million to settle federal complaints that its U.S. division wrongfully foreclosed on homeowners who should have been ...
Asia stocks rise as US, China economies improve
Asian stock markets rose Friday after signs that the U.S. economic recovery is gaining traction and a rebound in China's growth emboldened investors ...
Legal expenses drag down Citigroup 4Q earnings
Citigroup's fourth quarter earnings fell short of Wall Street's expectations as the bank's legal expenses rose and it released less money from its ...
Lessons learned, BofA makes a new mortgage push
Bank of America wants a bigger slice of the mortgage market. This time, the bank is being more careful about how to get it. On Thursday, the bank ...
Taxpayers will ease banks' costs in mortgage deal
Consumer advocates have complained that U.S. mortgage lenders are getting off easy in a deal to settle charges that they wrongfully foreclosed on many ...
S&P 500 surges on housing starts, jobless claims
The Standard and Poor's 500 index climbed to another five-year high after strong reports on housing starts and unemployment claims made investors more ...
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