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Financial services

Joe Allbritton, 87, DC media, banking giant dies
Joe L. Allbritton, who became one of Washington's most influential men through a media conglomerate of newspapers and television stations and a ...
Fed links interest rates to 6.5 pct. unemployment
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 ...
Fed projects high unemployment for next 3 years
The Federal Reserve projects the unemployment rate will stay elevated until late 2015, suggesting it will keep short-term interest rates low for the ...
Egypt political crisis threatens to worsen economy
Egypt's political crisis is threatening to plunge its ailing economy even deeper into distress after the government delayed a request for a $4.
THE RESET: Fed forges ahead with easy-money policy
As President Barack Obama and Congress agonize over strengthening the economy without fattening the $16 trillion national debt, the Federal Reserve ...
Bank aid money arrives in Spain
The Spanish government said Wednesday that the €39.5 billion ($51.3 billion) in bailout funds approved by European authorities for the country's ...
Fed expected to revamp bond buying program
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 ...
Mexico: Rivera's plane hit with 'terrible' impact
The plane carrying Mexican-American music superstar Jenni Rivera plunged almost vertically from more than 28,000 feet and hit the ground in a ...
Greece to announce bond buyback results Wednesday
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 ...
Cayman Islands leader arrested in corruption case
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 ...
Egypt judges say most will boycott referendum
Most Egyptian judges rejected any role Tuesday in overseeing the country's constitutional referendum, a move likely to cast further doubt on the ...
US defends $1.9B deal with British banking giant
American authorities on Tuesday cited "astonishing" dysfunction at the British bank HSBC and said that it had helped Mexican drug traffickers, Iran, ...
Fidelity cutting fees at 8 index mutual funds
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 ...
Oil prices rise as Federal Reserve meeting starts
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 ...
Mexico tests DNA from Jenni Rivera plane crash
Mexican authorities were performing DNA tests Tuesday on remains believed to belong to Mexican-American music superstar Jenni Rivera and six other ...
HSBC to pay $1.9B to settle money-laundering case
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 ...
Egypt asks IMF to delay loan due to turmoil
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 ...
Angry bank clients push way into Cyprus parliament
Cypriot police say a group of investors and savers protesting outside parliament shoved their way past security and entered the building.
UK authorities arrest 3 in LIBOR rate probe
British police arrested three people Tuesday as part of their investigation into the manipulation of a key benchmark interest rate — the first British ...
NTSB: singer Rivera dead in Mexican plane crash
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 ...
Spaniards hope for eviction reprieve amid crisis
Irene Gonzalez is desperately waiting to hear if she'll benefit from an emergency government decree that protects Spaniards such as her from being ...
Senate bill would extend deposit insurance program
To prevent a possible run on banks at the height of the financial crisis four years ago, Congress expanded government insurance for certain bank ...
Surprise: New insurance fee in health overhaul law
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 ...
Greece extends bond buyback deadline for a day
In an attempt to generate stronger participation in its key government bond buyback program, Greece on Monday extended the deadline for banks, funds ...