Banks will have to secure their customers' consent before charging large overdraft fees on ATM and debit card transactions, according to a new rule announced Thursday by the Federal Reserve.
Unemployment likely will remain high for the next several years because the economic recovery won't be strong enough to spur robust hiring, a Federal Reserve official warns.
Laura C. Trueman has spent much of her career promoting affordable health care. Now, she wishes she could find some herself.
- Steven Adamske, communications director, House Financial Services Committee In the era of massive bank bailouts, Democratic Rep. Barney Frank of Massachusetts and the Obama administration are trying to tackle the problem of what to do about financial...
A draft bill before Congress seeks to protect taxpayers from having to bail out big financial institutions by giving vast powers to a new regulatory council.
SUZANNE PRATT: In late December, it was a big deal. Tonight there are still big questions about just how it happened. Was Bank of America forced into buying Merrill Lynch or did the bank make the move on its own?
SUSIE GHARIB, NIGHTLY BUSINESS REPORT ANCHOR: A big stock market rally today as the Dow surged to a new high for the year. The blue chips rose 203 points with 29 of the Dow's 30 components in the green, except for Kraft Foods.
In the era of massive bank bailouts, Democratic Rep. Barney Frank of Massachusetts and the Obama administration are trying to tackle the problem of what to do about financial firms that become "too big to fail."
The head of a key House committee unveiled legislation Wednesday that would grant the federal government sweeping new powers to police giant financial firms. Jim Lehrer talks to two financial analysts about the debate over "too big to fail"
SUSIE GHARIB: Too big to fail, those four words stirred up lots of anxiety for American taxpayers during the financial crisis.
From the LA Times Hot Properties: --A 13,500-square-foot home in Tarzana with a tennis court and koi pond, an underground garage that fits 16 cars is being put up for auction. Full Article at Luxist
Trophy buildings, including One Market Plaza, Bank of America Center, Crocker Galleria, the Marriott Marquis, the Westin St. Francis and One Sansome Street, lead the list of more than 1,000 commercial properties in San Francisco asking to have their... Full Article at San Francisco Chronicle
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Short sales, or homes sold for less than the mortgage balance, comprised 16 percent of October home sales, compared with 8 percent in the first quarter, Robin Camacho of Realty One Group in Las Vegas said. Full Article at Las Vegas Review-Journal | LVRJ.com
Steve Rose, a public relations executive in New York, spent a year weighing whether to keep his money at Morgan Stanley Smith Barney or switch to an independent adviser. Last month he decided to make a move. Full Article at Worcester Telegram & Gazette
These donations are a blessing to these families ... The money reflects the generosity of companies like Lockheed Martin, BAE Systems, Bank of America and Wells Fargo, as well as very caring individuals. Operation Homefront is honored to be able to help facilitate getting the assistance to the families ...
The technology sector could come under fire, as Bank of America Merrill Lynch downgraded eight microchip companies, including Intel Corp and Texas Instruments, citing concerns that inventories are too high unless there's a sharp upturn from the global economy.
They're creating a fund where the benefit is going to go to the... biggest financial firms in the country, yet they're asking lots of other companies, much much smaller in size... to pay a tax into this fund, but we get no benefit ... The United States government is not going to let them fail. The notio...
When Bank of America offered $29 a share on Sunday afternoon, it was clear to me that was the best thing for our shareholders
After four days of hearings, hours of testimony, and a review of half a million documents, it looks like the answer is pretty clear. The facts show that Bank of America -- one of the largest banks in the United States -- was able to manipulate federal regulators to obtain billions of dollars in taxpayer...