Topic(s): Wells Fargo | Securities Lending | Financial Regulation
STORY & MULTIMEDIA RESULTS
SEC Sued Over 1998 Policy of Purging Files Linked to Probes September 28, 2011
The U.S. Securities and Exchange Commission was accused in a lawsuit by a government watchdog of illegally destroying documents from probes of Bernard Madoff, Bank of ...
Mirae Hoards Cash to Buy Emerging Debt When Europe Crisis Eases September 27, 2011
Mirae Asset Global Investments, South Korea’s biggest mutual fund manager, is increasing its cash holdings, preparing to buy fixed-income assets in emerging ...
TMK May Spend $3 Billion on Pipe Production in U.S., Russia September 27, 2011
OAO TMK, the world’s largest maker of oil and gas pipes by output, may spend as much as $3 billion this decade on projects in Russia, Romania and the U.S. as ...
Port Authority 40-Year Bond Defies Whitney Forecast: Muni Credit September 26, 2011
State and local governments are rushing to take advantage of borrowing rates that were unthinkable less than a year ago.
Berkshire Buyback Gives Buffett New Weapon to Face Market Slump September 26, 2011
Berkshire Hathaway Inc.’s Warren Buffett, who invested more than $15 billion in a month at the depths of the 2008 credit crunch, is now prepared to spend cash on...
Sales of New U.S. Homes Fell to Six-Month Low in August September 26, 2011
Purchases of new houses in the U.S. declined in August to a six-month low as the biggest drop in prices in two years failed to lure buyers away from even less ...
Sales of New Homes in U.S. Probably Decreased to Six-Month Low September 26, 2011
Purchases of new houses in the U.S. probably declined in August to the lowest level in six months as buyers sought cheaper distressed properties, economists said ...
Dow Falls Most Since October 2008 on Economic Growth Concerns September 24, 2011
U.S. stocks fell this week, sending the Dow Jones Industrial Average to the biggest loss since 2008, as the Federal Reserve said risks to the economy have increased ...
BofA Case May Be Followed by More Mortgage Suits by Counties September 23, 2011
Bank of America Corp. is among a group of lenders that may face a wave of new lawsuits claiming cash-strapped counties were cheated out of millions of dollars by a ...
French, German Bank CDS Bets Soar on Spreading Euro Crisis September 23, 2011
Trading in credit-default swaps insuring the biggest German and French banks’ debt is soaring as the euro-region crisis spreads.
KB Home Reports Wider Third-Quarter Loss as House Sales Drop September 23, 2011
KB Home, the Los Angeles-based homebuilder that focuses on first-time buyers, reported a wider third-quarter loss amid a decline in sales as the U.S. unemployment rate...
BofA Said to Seek $800 Million in Deal to Divest Pizza Assets September 23, 2011
Bank of America Corp., the lender divesting assets to raise capital, is in exclusive talks to sell its stake in the biggest U.S. Pizza Hut franchisee for more than ...
Groupon Operating Chief Leaves as Company Restates Revenue September 23, 2011
Groupon Inc., the largest daily- deal site, announced the departure of its second chief operating officer in six months and restated revenue figures, cutting sales to ...
European Stocks Post Weekly Drop as Fed Sees Risks to Economy September 23, 2011
European stocks had the biggest weekly drop in seven as the Federal Reserve said it sees “significant downside risks” for the economy and speculation grew ...
Banxico Rate-Cut Bets Tossed Out as Peso Plunges: Mexico Credit September 23, 2011
The Mexican peso’s longest losing streak on record is fueling concern inflation will quicken and prompting traders to scrap bets on interest-rate cuts.
Stocks Rebound, Treasuries Retreat as Silver, Gold Prices Plunge September 23, 2011
U.S. stocks rose, trimming the Dow Jones Industrial Average’s worst weekly loss since 2008, European equities rebounded and Treasuries fell amid signs policy ...
KB Home Rises After Third-Quarter Results Beat Estimates September 23, 2011
KB Home, the Los Angeles-based homebuilder that focuses on first-time buyers, climbed in New York trading after it reported order growth and a narrower-than- estimated...
Moody s Bank Downgrades Assailed as Too-Big-to-Fail Persists September 22, 2011
Moody’s Investors Service, the ratings firm that downgraded the credit of Bank of America Corp. and Wells Fargo & Co., said future U.S. bailouts of financial ...
Fed Twist to Lead to More Bond Buying, ING, Mitsubishi Say September 22, 2011
The Federal Reserve will probably increase the bond-buying program announced yesterday in coming months, said companies including ING Groep NV, Mitsubishi UFJ Asset ...
Making Workers Pay as the Cadillac Tax Looms September 22, 2011
To trim costs, more companies are offering health-savings accountsSTORY & MULTIMEDIA RESULTS
Build America Bonds Closing Treasury Gap May Rally: Muni Credit September 22, 2011
Build America Bonds, the federally subsidized securities spawned by President Barack Obama’s economic-stimulus program, are the cheapest relative to Treasuries ...
Higher Inflation: Scourge or Savior? September 22, 2011
The Federal Reserve and other central banks ponder benefits of higher prices
Global Stocks Enter Bear Market as 10-Year Yield Hits Record Low September 22, 2011
Stocks sank, dragging a gauge of global equities into a bear market, Treasury 10-year yields slid to a record low and the Dollar Index rose to a seven-month high amid ...
Drops to a Six-Week Low as Fed Sees Downside Economic Risks September 22, 2011
Oil dropped to a six-week low after the Federal Reserve cited “significant downside risks” to the economy of the U.S., the world’s biggest crude ...
German, French Bond Risk Climb to Records on Slowdown Concern September 22, 2011
The cost of insuring sovereign bonds jumped across Europe with credit-default swaps on France and Germany surging to records as the global economy slows.
Goldman Sachs May Report Third-Quarter Loss, Barclays Estimates September 22, 2011
Goldman Sachs Group Inc. will probably report a third-quarter loss as market tumult prevents the bank from generating a profit for only the second time in 12 years as ...
European Stocks Slide to Two-Year Low as Fed Sees Economic Risks September 22, 2011
European stocks tumbled to a two- year low as the Federal Reserve signaled “significant downside risks” to the world’s largest economy and ...
Yuan Slumps in Hong Kong, at Record Discount to Onshore Rate September 22, 2011
China’s yuan weakened the most on record in Hong Kong, sliding to the biggest discount to the onshore exchange rate since the currency began trading in the city ...
Fed Sees Significant Risks to Economy as It Eases Policy September 22, 2011
Federal Reserve policy makers indicated they are willing to do more to keep the economy from sliding into another recession as they made their second move in as many ...
Japan Stocks Drop as Fed, EU Watchdog Highlight Risks to Banks September 22, 2011
Japanese stocks fell the most in more than a week after the Federal Reserve pointed to “significant downside risks” to the U.S. growth outlook and ...
Korean Won Slumps to One-Year Low on U.S. Outlook; Bonds Rise September 22, 2011
South Korea’s won sank to a one- year low after the Federal Reserve said there are “significant downside risks” to the U.S. economy, dimming the ...
BofA, Wells Fargo Cut by Moody s on Waning U.S. Support September 21, 2011
Bank of America Corp. and Wells Fargo & Co. had long-term credit ratings downgraded by Moody’s Investors Service, which said U.S. support has become less likely ...
BofA, Citigroup Credit Swaps Jump After Moody s Cuts Debt Grades September 21, 2011
The cost to protect debt from Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. rose after Moody’s Investors Service cut credit ratings at the banks ...
U.S. Stocks Fall as Fed Plans Bond Purchases, Sees Economic Risk September 21, 2011
U.S. stocks slumped, giving the Standard & Poor’s 500 Index its biggest decline in a month, as the Federal Reserve announced plans to buy $400 billion of long- ...
Stocks Drop as Treasuries, Dollar Gain on Fed s Plan to Twist September 21, 2011
U.S. stocks slid, while Treasuries and the dollar rallied, after the Federal Reserve announced plans to buy $400 billion of long-term debt in an effort to combat ...
Treasury 30-Year Bonds Rally on Fed Plan to Buy Longer-Term Debt September 21, 2011
Treasury 30-year bonds surged, pushing the yields below 3 percent for the first since 2009, after the Federal Reserve said it will purchase longer-term debt and sell ...
Goldman Sachs Closes Below $100 for First Time Since March 2009 September 21, 2011
Goldman Sachs Group Inc., the fifth-biggest U.S. bank by assets, closed below $100 for the first time since March 2009 as financial stocks fell amid concerns about the...
Treasury 10-Year Yields Touch Record Low Before Fed Statement September 21, 2011
Treasury 10-year note yields touched a record low on speculation the Federal Reserve will announce plans to buy longer-maturity debt under what is known as Operation ...
Savers Flooding Stable Value Funds May Have Limited Access September 21, 2011
Galliard Capital Management Inc.’s stable-value funds, designed to preserve principal in tumultuous times, drew more than four times the usual inflows in August ...
Japanese, Australian Stock Futures Fall on Fed s Bond Buying September 21, 2011
Japanese and Australian stock futures fell after the Federal Open Market Committee pledged to buy $400 billion of long-term debt and cited risks to the economic ...
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