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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 ...
S&P closes above 1,500 for 1st time since 2007
Passing another milestone on the nation's long journey back from the Great Recession, the Standard and Poor's 500 index closed above 1,500 for the ...
S&P 500 in longest winning streak since 2004
The Standard & Poor's 500 index closed above 1,500 on Friday for the first time since the start of the Great Recession in 2007, lifted by strong ...
Obama picks former prosecutor to head SEC
President Barack Obama sent his strongest signal yet Thursday that he wants the government to get tougher with Wall Street, appointing a former ...
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, ...
UK judge rejects Barclays' LIBOR anonymity bid
A British court has rejected an attempt by Barclays to shield the names of more than 100 present and former employees of the bank allegedly involved ...
Big banks, under pressure, on defense at Davos
If there is one place bankers should be able to let down their guard a little, you would think it would be at the World Economic Forum in Davos, an ...
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 ...
Treasury announces sales plan for GM stock
The U.S. Treasury Department says it has come up with a plan on how it will sell the remaining 300.1 million shares of stock it owns in General Motors
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 ...
SurveyMonkey raises $800M to remain privately held
Online polling service SurveyMonkey is raising $800 million so it can buy back stock from its employees and early investors. The financing announced ...
Asia stocks rise on signs of improving US economy
Asian stock markets rose Thursday after a Federal Reserve survey found the U.S. economy improved in 2012 and earnings from a handful of big banks far ...
JPMorgan's Jamie Dimon gets big pay cut
America's best-known banker is getting a big pay cut. JPMorgan Chase said Wednesday that it will dock the pay of CEO Jamie Dimon by more than half, ...
Boeing leads Dow lower; other indexes mixed
More problems for Boeing's 787 sent the aircraft maker's stock down sharply Wednesday, dragging the Dow Jones industrial average lower. Japan's two ...
Goldman, Morgan Stanley pay $557M in mortgage case
Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who ...
US futures mixed as budget fight overshadows earns
Stock futures are mixed despite strong earnings from some of the nation's biggest financial institutions. Dow Jones industrial futures are down 58 ...
Banks say new agency's oversight is slow, costly
Bankers and financial industry leaders are criticizing the early efforts of the government's new consumer finance watchdog, saying a slow and ...
Asia stocks gain on Bernanke comments, weaker yen
Asian stocks posted modest gains Tuesday after Fed chief Ben Bernanke said the central bank's bond buying is providing crucial support for the U.S.
JPMorgan told to fix oversight tied to $6B loss
JPMorgan Chase & Co. has been ordered to take steps to correct poor risk management that led to a surprise trading loss last year of more than $6 ...
Stocks little changed on Wall Street; Apple slides
Apple held down the Standard & Poor's 500, pushing it further below the five-year high it reached last week, after the technology giant's stock sank ...
Stocks open mixed on Wall Street; Apple slides
Stocks are opening little changed ahead of a speech on monetary policy from Federal Reserve Chairman Ben Bernanke. Apple's stock slid 3 percent after ...