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Wells Fargo suspends bonuses for top executives

Associated Press
Feb 26, 2009 10:00 pm - NEW YORK -- Wells Fargo & Co.'s board has suspended its bonus policy for Chief Executive John Stumpf and its other top executives, according to a Securities and Exchange...
Hedge-fund swindler due in NY court after checkup

Associated Press
Feb 26, 2009 10:00 pm - WHITE PLAINS, New York -- Fresh from a medical checkup, a New York hedge-fund cheat is returning to court on charges that he skipped out on a 20-year prison sentence. In...
Source: Citi-gov't aid deal may come this week

Associated Press
Feb 25, 2009 10:00 pm - NEW YORK -- Citigroup Inc.'s bid to boost its equity capital could result in the federal government raising its stake in the troubled bank this week to as much as 40 per...
JPMorgan to cut 12,000 jobs related to WaMu deal

Associated Press
Feb 25, 2009 10:00 pm - NEW YORK -- JPMorgan Chase & Co. said Thursday it will eliminate about 12,000 jobs as it folds in the operations of Washington Mutual Inc. According to slides on the com...
Merrill Lynch 2008 loss revised higher by $533 mil

Associated Press
Feb 24, 2009 10:00 pm - NEW YORK -- Merrill Lynch & Co. disclosed late Tuesday its 2008 losses were about $533 million more than previously reported, according to a regulatory filing. Merrill r...
Dollar 3-month interbank lending rate inches higher

Associated Press
Feb 24, 2009 10:00 pm - LONDON -- The cost of three-month dollar loans between banks rose modestly Wednesday amid concerns about the financial health of some big U.S. banks and despite assuranc...
Northern Trust faces scrutiny for event spending

Associated Press
Feb 24, 2009 10:00 pm - NEW YORK -- Northern Trust Corp., a bank that received $1.6 billion in government funds, is facing scrutiny for hosting parties and other events connected to its sponsor...
Credit card defaults could hit banks hard

By Hugh Son Bloomberg News
Feb 19, 2009 10:00 pm - Credit-card defaults may rise beyond 10 percent this year, breaking records and wiping out more than half of annual profit for lenders including Bank of America Corp. an...
Regulators close banks in Nebraska, Florida

Associated Press
Feb 13, 2009 10:00 pm - WASHINGTON -- Regulators on Friday closed Sherman County Bank in Nebraska and Riverside Bank of the Gulf Coast in Florida, marking 11 failures this year of federally in...
Credit card protections considered by lawmakers

by Candice Choi Associated Press
Feb 12, 2009 10:00 pm - NEW YORK - Swiping your credit card would come with dramatic new protections under regulations considered by Congressional lawmakers Thursday. Among the industry practic...

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