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Finance

FDIC insurance plan is no long-term solution

Associated Press
Sep 29, 2009 11:00 pm - WASHINGTON -- A plan that regulators proposed Tuesday to have banks prepay $45 billion in insurance premiums won't provide a long-term fix for the shrinking fund that i...
BofA sells some asset management ops to Ameriprise

Associated Press
Sep 29, 2009 11:00 pm - NEW YORK -- Bank of America Corp. said Wednesday it is selling the long-term asset management business of one of its units to Ameriprise Financial Inc. Ameriprise, a fin...
Hedge fund COO Vellanti dies in fall from escalator

Bloomberg News
Sep 28, 2009 11:00 pm - James Vellanti, chief operating officer of hedge fund JNF Asset Management LLC in New York, died after accidentally falling from an escalator at The Pier Shops at Caesar...
Report: Citigroup to scale back U.S. footprint

Associated Press
Sep 23, 2009 11:00 pm - NEW YORK -- Citigroup Inc., one of the biggest recipients of government bailout funds, is looking to scale back its U.S. retail footprint to just six major metropolitan ...
Where will banks make up lost overdraft fees?

Associated Press
Sep 22, 2009 11:00 pm - NEW YORK -- Banks are backing off harsh overdraft fees and policies. That's the good news. The bad news is they'll probably look to make up that lost profit elsewhere. I...
Bank of America, JPMorgan overhaul overdraft fees

Associated Press
Sep 22, 2009 11:00 pm - NEW YORK -- As lawmakers prepare to implement sweeping credit card reforms, Bank of America Corp. and JPMorgan Chase & Co. are moving to overhaul overdraft fees and pra...
Proposed federal agency has consumer groups, chambers at odds

By Anna Marie Kukec
Sep 21, 2009 11:00 pm - In the shadow of the health care reform controversy, President Obama's legislation to create a federal agency to oversee financial companies and their loan products sold...
Report: U.S. investigating BofA's Merrill deal

Associated Press
Sep 18, 2009 11:00 pm - CHARLOTTE, North Carolina -- The FBI and Department of Justice are conducting a criminal probe into Bank of America Corp.'s purchase of Merrill Lynch last year, the Cha...
Fund managers: The old ways won't work anymore

Associated Press
Sep 17, 2009 11:00 pm - BOSTON -- There are plenty of lessons to be learned from last year's financial meltdown, whether you're an individual investor building a retirement nest egg or a mutua...
SEC proposes new rules for credit rating agencies

Associated Press
Sep 17, 2009 11:00 pm - WASHINGTON -- Regulators on Thursday proposed rules designed to stem conflicts of interest and provide more transparency for credit rating companies. They also proposed ...

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