http://www.mail.com/subjects/1644-financial-services.html Mail.com - the best personalized free web-based Email en en http://sec-s.uicdn.com/mail.com/2.20/img/mailcom_logo_rss.png http://www.mail.com/subjects/1644-financial-services.html http://www.mail.com/business/markets/1765160-europe-takes-step-toward-stable-banks.html FRANKFURT, Germany (AP) — The European Union has taken its big first step toward keeping busted banks from costing taxpayers billions and dragging down government finances. After another marathon meeting, finance ministers from the 27 EU member countries agreed Thursday to give the European Central Bank the power to act as a banking watchdog for the 17 EU... Thu, 13 Dec 2012 20:27:00 GMT http://www.mail.com/business/markets/1765160-europe-takes-step-toward-stable-banks.html 2012-12-13T20:27:00Z http://www.mail.com/business/economy/1765178-imfs-lagarde-praises-euro-deal-bank-oversight.html SANTIAGO, Chile (AP) — IMF chief Christine Lagarde is praising a deal signed by European Union governments to create a single supervisor for their banks. The managing director of the International Monetary Fund said on Thursday that "very significant progress" has been made toward creating banking unity and reinforcing the Euro zone. She spoke at a news c... Thu, 13 Dec 2012 20:20:00 GMT http://www.mail.com/business/economy/1765178-imfs-lagarde-praises-euro-deal-bank-oversight.html 2012-12-13T20:20:00Z http://www.mail.com/business/economy/1763892-top-central-banks-extend-dollar-lending-program.html FRANKFURT, Germany (AP) — Major central banks acted Thursday to try to shore up confidence in the global financial system by extending a program that makes it easier for banks to borrow U.S. dollars. Thursday's move renews for a year a program that was expanded in November 2011 in response to Europe's debt crisis. It had been set to expire in February. Th... Thu, 13 Dec 2012 16:26:00 GMT http://www.mail.com/business/economy/1763892-top-central-banks-extend-dollar-lending-program.html 2012-12-13T16:26:00Z http://www.mail.com/business/economy/1760584-eu-backs-banking-supervisor-greece-bailout.html BRUSSELS (AP) — In one whirlwind morning, the European Union nations agreed Thursday to two key measures vital to the financial security of the region. As well as laying the groundwork for a full-fledged banking union, Greece's euro partners approved billions in bailout loans that will prevent the country from going bankrupt. The measures, approved by Eur... Thu, 13 Dec 2012 16:08:00 GMT http://www.mail.com/business/economy/1760584-eu-backs-banking-supervisor-greece-bailout.html 2012-12-13T16:08:00Z http://www.mail.com/business/markets/1764522-integration-ideas-eu-leaders-mulling.html European Union leaders, seeking to avoid a repeat of the crisis that has dogged the 27-country bloc for the past three years, are debating plans for an unprecedented shift of national financial policy powers to the EU. Here are the main points they are discussing: — The broad terms of a banking union: This will provide a single rulebook for banks and set ... Thu, 13 Dec 2012 16:01:00 GMT http://www.mail.com/business/markets/1764522-integration-ideas-eu-leaders-mulling.html 2012-12-13T16:01:00Z http://www.mail.com/news/us/1762516-joe-allbritton-87-dc-media-banking-giant-dies.html McLEAN, Va. (AP) — Joe L. Allbritton, who became one of Washington's most influential men through a media conglomerate of newspapers and television stations and a financial empire that once included Riggs Bank, died Wednesday. He was 87. He was suffering from heart ailments and died at a hospital in Houston, where he lived, said Frederick J. Ryan Jr., pre... Thu, 13 Dec 2012 01:42:00 GMT http://www.mail.com/news/us/1762516-joe-allbritton-87-dc-media-banking-giant-dies.html 2012-12-13T01:42:00Z http://www.mail.com/business/economy/1761584-fed-links-interest-rates-to-65-pct-unemployment.html WASHINGTON (AP) — The Federal Reserve said Wednesday that it plans to keep interest rates ultra-low even after unemployment falls close to a normal level — which it thinks could take three more years. For the first time, the Fed made clear to investors and consumers that it will link its actions to specific economic markers. As long as inflation remains t... Wed, 12 Dec 2012 23:50:00 GMT http://www.mail.com/business/economy/1761584-fed-links-interest-rates-to-65-pct-unemployment.html 2012-12-12T23:50:00Z http://www.mail.com/business/economy/1761858-fed-projects-high-unemployment-3-years.html WASHINGTON (AP) — The Federal Reserve projects the unemployment rate will stay elevated until late 2015, suggesting it will keep short-term interest rates low for the next three years. The latest economic forecasts released Wednesday after the Fed's final meeting of the year were little changed from September. But they coincided with a new communication s... Wed, 12 Dec 2012 20:51:00 GMT http://www.mail.com/business/economy/1761858-fed-projects-high-unemployment-3-years.html 2012-12-12T20:51:00Z http://www.mail.com/business/markets/1762234-egypt-political-crisis-threatens-to-worsen-economy.html CAIRO (AP) — Egypt's political crisis is threatening to plunge its ailing economy even deeper into distress after the government delayed a request for a $4.8 billion loan from the International Monetary Fund that would have eased a ballooning budget deficit and reassured foreign investors. Fear of stoking the street unrest over a disputed Islamist-oriente... Wed, 12 Dec 2012 19:45:00 GMT http://www.mail.com/business/markets/1762234-egypt-political-crisis-threatens-to-worsen-economy.html 2012-12-12T19:45:00Z http://www.mail.com/news/politics/1761738-reset-fed-forges-ahead-with-easy-money-policy.html As President Barack Obama and Congress agonize over strengthening the economy without fattening the $16 trillion national debt, the Federal Reserve chugs steadily along on its own course of keeping interest rates low and printing money to stimulate growth. The central bank's impact on the economy is huge. Yet it doesn't get as much attention as the fiery ... Wed, 12 Dec 2012 17:48:00 GMT http://www.mail.com/news/politics/1761738-reset-fed-forges-ahead-with-easy-money-policy.html 2012-12-12T17:48:00Z http://www.mail.com/business/markets/1760534-bank-aid-money-arrives-spain.html MADRID (AP) — The Spanish government said Wednesday that the €39.5 billion ($51.3 billion) in bailout funds approved by European authorities for the country's troubled banks has arrived. A spokeswoman for the Economy Ministry said the money is now in the hands of a state-run fund set up to help those banks worst hit by the property market collapse in 200... Wed, 12 Dec 2012 10:49:00 GMT http://www.mail.com/business/markets/1760534-bank-aid-money-arrives-spain.html 2012-12-12T10:49:00Z http://www.mail.com/business/markets/1760256-fed-expected-to-revamp-bond-buying-program.html WASHINGTON (AP) — The Federal Reserve is wrapping up 2012 the way it began the year, searching for ways to help a U.S. economy that is still struggling with high unemployment and sub-par growth. The expectation is that the Fed will announce a revamped bond-buying plan at the conclusion of their second day of discussions on Wednesday. The Fed's policy stat... Wed, 12 Dec 2012 10:30:00 GMT http://www.mail.com/business/markets/1760256-fed-expected-to-revamp-bond-buying-program.html 2012-12-12T10:30:00Z http://www.mail.com/news/us/1759814-mexico-riveras-plane-hit-with-terrible-impact.html MEXICO CITY (AP) — The plane carrying Mexican-American music superstar Jenni Rivera plunged almost vertically from more than 28,000 feet and hit the ground in a nose-dive at a speed that may have exceeded 600 miles per hour, Mexico's top transportation official said Tuesday. In the first detailed account of the moments leading up to the crash that killed ... Wed, 12 Dec 2012 01:23:00 GMT http://www.mail.com/news/us/1759814-mexico-riveras-plane-hit-with-terrible-impact.html 2012-12-12T01:23:00Z http://www.mail.com/business/economy/1757830-greece-to-bond-buyback-wednesday.html ATHENS, Greece (AP) — Greece will reveal the results of a key debt buyback deal Wednesday, after an extended deadline for private investors to decide whether they will sell back their Greek bond holdings at a discount expired without any official announcements. Finance ministers from the 17 European Union countries that use the euro held a conference call... Tue, 11 Dec 2012 22:46:00 GMT http://www.mail.com/business/economy/1757830-greece-to-bond-buyback-wednesday.html 2012-12-11T22:46:00Z http://www.mail.com/news/politics/1758290-cayman-islands-leader-arrested-corruption-case.html KINGSTON, Jamaica (AP) — The leader of the Cayman Islands' government was arrested Tuesday on suspicion of theft, abuse of office and breach of trust in the famed Caribbean tax haven. Premier McKeeva Bush was detained Tuesday morning at his home in the West Bay section of Grand Cayman island by officers from the financial unit of the Royal Cayman Islands ... Tue, 11 Dec 2012 22:39:00 GMT http://www.mail.com/news/politics/1758290-cayman-islands-leader-arrested-corruption-case.html 2012-12-11T22:39:00Z http://www.mail.com/news/world/1757742-egypt-judges-will-boycott-referendum.html CAIRO (AP) — Most Egyptian judges rejected any role Tuesday in overseeing the country's constitutional referendum, a move likely to cast further doubt on the legitimacy of the disputed charter. The nation's worst crisis since Hosni Mubarak's ouster nearly two years ago also forced the government to put off a crucial deal with the International Monetary Fu... Tue, 11 Dec 2012 22:38:00 GMT http://www.mail.com/news/world/1757742-egypt-judges-will-boycott-referendum.html 2012-12-11T22:38:00Z http://www.mail.com/business/markets/1759400-us-defends-19b-deal-with-british-banking-giant.html NEW YORK (AP) — American authorities on Tuesday cited "astonishing" dysfunction at the British bank HSBC and said that it had helped Mexican drug traffickers, Iran, Libya and others under U.S. suspicion or sanction to move money around the world. HSBC agreed to pay $1.9 billion, the largest penalty ever imposed on a bank. The U.S. stopped short of chargin... Tue, 11 Dec 2012 20:37:00 GMT http://www.mail.com/business/markets/1759400-us-defends-19b-deal-with-british-banking-giant.html 2012-12-11T20:37:00Z http://www.mail.com/business/economy/1758984-fidelity-cutting-fees-8-mutual-funds.html BOSTON (AP) — Fidelity Investments is trimming fees at its largest index mutual funds and making some of its lowest-cost options accessible to a larger number of fund shareholders, including those with as little as $2,500 to invest. The moves announced Tuesday follow recent investment fee cuts involving mutual funds or exchange-traded funds at rivals such... Tue, 11 Dec 2012 20:31:00 GMT http://www.mail.com/business/economy/1758984-fidelity-cutting-fees-8-mutual-funds.html 2012-12-11T20:31:00Z http://www.mail.com/business/economy/1758282-oil-prices-rise-federal-reserve-meeting-starts.html Oil moved a little higher as a meeting of the Federal Reserve got under way Tuesday. Benchmark oil rose 23 cents to finish at $85.79 per barrel in New York. It was the first time crude closed higher after falling for five straight sessions. The Fed holds a two-day policy meeting and is expected to unveil a new bond-buying program designed to perk up the s... Tue, 11 Dec 2012 19:13:00 GMT http://www.mail.com/business/economy/1758282-oil-prices-rise-federal-reserve-meeting-starts.html 2012-12-11T19:13:00Z http://www.mail.com/entertainment/lifestyle/1757460-mexico-tests-dna-jenni-rivera-plane-crash.html MONTERREY, Mexico (AP) — Mexican authorities were performing DNA tests Tuesday on remains believed to belong to Mexican-American music superstar Jenni Rivera and six other people killed when her plane went down in northern Mexico. Investigators said it would take days to piece together the wreckage of the plane carrying Rivera and find out why it went dow... Tue, 11 Dec 2012 18:32:00 GMT http://www.mail.com/entertainment/lifestyle/1757460-mexico-tests-dna-jenni-rivera-plane-crash.html 2012-12-11T18:32:00Z http://www.mail.com/business/markets/1757606-hsbc-to-pay-19b-to-settle-money-laundering-case.html NEW YORK (AP) — British bank HSBC has agreed to pay $1.9 billion to settle a New York based-probe in connection with the laundering of money from narcotics traffickers in Mexico, U.S. authorities announced Tuesday. The move avoids a legal battle that could further savage the bank's reputation and undermine confidence in the global banking system. The anno... Tue, 11 Dec 2012 16:38:00 GMT http://www.mail.com/business/markets/1757606-hsbc-to-pay-19b-to-settle-money-laundering-case.html 2012-12-11T16:38:00Z http://www.mail.com/business/economy/1758130-egypt-asks-imf-to-delay-loan-to-turmoil.html CAIRO (AP) — Egypt has asked for a one-month delay for a $4.8 billion loan it had agreed with the International Monetary Fund because of the current political turmoil gripping the country, the prime minister said Tuesday. The IMF confirmed its reception of the request in a statement, saying it stood ready to continue supporting the country and would consu... Tue, 11 Dec 2012 15:42:00 GMT http://www.mail.com/business/economy/1758130-egypt-asks-imf-to-delay-loan-to-turmoil.html 2012-12-11T15:42:00Z http://www.mail.com/business/economy/1758284-angry-bank-clients-push-way-cyprus-parliament.html NICOSIA, Cyprus (AP) — Cypriot police say a group of investors and savers protesting outside parliament shoved their way past security and entered the building. The protesters claim the Cypriot banks sold them investment products under false pretenses to raise desperately-needed cash. Cypriot banks lost billions on their holdings of Greek debt during the ... Tue, 11 Dec 2012 15:08:00 GMT http://www.mail.com/business/economy/1758284-angry-bank-clients-push-way-cyprus-parliament.html 2012-12-11T15:08:00Z http://www.mail.com/business/economy/1757902-uk-authorities-arrest-3-libor-rate-probe.html LONDON (AP) — British police arrested three people Tuesday as part of their investigation into the manipulation of a key benchmark interest rate — the first British arrests in a scandal that's had global ramifications. The three men — aged 33, 41 and 47 — were not named by officials. Search warrants were executed at the homes of all three, who are British... Tue, 11 Dec 2012 14:26:00 GMT http://www.mail.com/business/economy/1757902-uk-authorities-arrest-3-libor-rate-probe.html 2012-12-11T14:26:00Z http://www.mail.com/entertainment/music/1755760-ntsb-singer-rivera-dead-mexican-plane-crash.html MONTERREY, Mexico (AP) — U.S. authorities confirmed Monday that Jenni Rivera, a U.S.-born singer whose soulful voice and openness about her personal troubles made her a Mexican-American superstar, was killed in a plane crash in northern Mexico. The National Transportation Safety Board said it was sending a team to help investigate the crash, and the board... Tue, 11 Dec 2012 01:47:00 GMT http://www.mail.com/entertainment/music/1755760-ntsb-singer-rivera-dead-mexican-plane-crash.html 2012-12-11T01:47:00Z http://www.mail.com/news/world/1756152-spaniards-hope-eviction-reprieve-amid-crisis.html MADRID (AP) — Irene Gonzalez is desperately waiting to hear if she'll benefit from an emergency government decree that protects Spaniards such as her from being evicted for failing to make their mortgage payments. Gonzalez, 45, has had her full-time job reduced to part time at the small air-conditioning company she works for. She's a single mother caring ... Mon, 10 Dec 2012 19:16:00 GMT http://www.mail.com/news/world/1756152-spaniards-hope-eviction-reprieve-amid-crisis.html 2012-12-10T19:16:00Z http://www.mail.com/business/markets/1756610-senate-bill-would-extend-deposit-insurance-program.html WASHINGTON (AP) — To prevent a possible run on banks at the height of the financial crisis four years ago, Congress expanded government insurance for certain bank deposits to include totals above the usual $250,000 limit. Now that the ceiling is about to be re-imposed, community banks fear they'll lose customers to bigger banks and want Congress to come to their rescue. ... Mon, 10 Dec 2012 19:12:00 GMT http://www.mail.com/business/markets/1756610-senate-bill-would-extend-deposit-insurance-program.html 2012-12-10T19:12:00Z http://www.mail.com/business/markets/1756442-surprise-insurance-fee-health-overhaul-law.html WASHINGTON (AP) — Your medical plan is facing an unexpected expense, so you probably are, too. It's a new, $63-per-head fee to cushion the cost of covering people with pre-existing conditions under President Barack Obama's health care overhaul. The charge, buried in a recent regulation, works out to tens of millions of dollars for the largest companies, e... Mon, 10 Dec 2012 18:47:00 GMT http://www.mail.com/business/markets/1756442-surprise-insurance-fee-health-overhaul-law.html 2012-12-10T18:47:00Z http://www.mail.com/business/markets/1755286-greece-extends-bond-buyback-deadline-day.html ATHENS, Greece (AP) — In an attempt to generate stronger participation in its key government bond buyback program, Greece on Monday extended the deadline for banks, funds and investors who own its debt to declare whether they will sell their holdings back at a heavy discount. The public debt management agency, PDMA, said bondholders now have until 1200 GM... Mon, 10 Dec 2012 11:27:00 GMT http://www.mail.com/business/markets/1755286-greece-extends-bond-buyback-deadline-day.html 2012-12-10T11:27:00Z