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Finance

Bank of America seeks new board members

Associated Press
May 07, 2009 11:00 pm - CHARLOTTE, N.C. -- Bank of America Corp. is looking for new directors following a shareholder revolt that stripped Chief Executive Ken Lewis of his chairman's title, the...
5 regional banks must raise $8.2 bil after tests

Associated Press
May 07, 2009 11:00 pm - WASHINGTON -- Five of the nation's largest regional banks are vulnerable to a worsening recession and need to raise a total $8.2 billion in new capital based on results...
Stress tests suggest 10 banks need $75 bil more

Associated Press
May 06, 2009 11:00 pm - WASHINGTON -- The government's long-awaited "stress-test" results have found that 10 of the 19 largest U.S. banks need a total of about $75 billion in new capital to wit...
Auditors see SEC deficiencies in communication, use of resources

Associated Press
May 05, 2009 11:00 pm - WASHINGTON -- The Securities and Exchange Commission has made progress in tightening its procedures for managing its caseload of enforcement investigations but internal ...
GMAC first quarter loss widens as credit markets remain weak

Associated Press
May 04, 2009 11:00 pm - NEW YORK -- GMAC Financial Services said Tuesday that it will not be automatically be forced to file for bankruptcy protection if General Motors Corp. is unable to restr...
Mortgage rates dip, stay above record lows

Associated Press
Apr 22, 2009 11:00 pm - WASHINGTON -- Rates on 30-year mortgages fell slightly from last week but remained just ahead of record lows posted this month, Freddie Mac said Thursday. Average rates ...
Treasury seeks to keep U.S. bank stakes after buyback

Bloomberg News
Apr 16, 2009 11:00 pm - The Treasury intends to retain an ownership interest in many U.S. banks even after the lenders buy back preferred stock the government currently holds as part of its res...
Citigroup results surpass expectations

Associated Press
Apr 16, 2009 11:00 pm - NEW YORK -- Citigroup reported its smallest quarterly loss since 2007, but its problems are far from over. The bank released first-quarter results Friday that were buoye...
JPMorgan Chase posts better-than-expected profit

Associated Press
Apr 15, 2009 11:00 pm - NEW YORK -- JPMorgan Chase's first-quarter profit was not as good as last year's, but it told investors what they wanted to hear: Banking is not dead. JPMorgan said Thur...
Goldman Q1 earnings surpass Wall Street estimates

Associated Press
Apr 13, 2009 11:00 pm - NEW YORK -- Goldman Sachs, in another sign that banks may be turning around, beat Wall Street's earnings expectations as it reported a profit of $1.66 billion for the fi...

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