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Updated: 43 weeks 4 days ago

Fed's energy cost worries could mean rate hike

Wed, 04/06/2011 - 09:55

Notes released from March 15 meeting show growing worries about inflation WASHINGTON - Federal Reserve officials raised concerns last month that a big jump in energy prices could weaken the economy and unleash inflation, prompting a few to suggest the possibility of tightening credit this year.

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Boneta joins 'Rock of Ages' cast

Wed, 04/06/2011 - 05:39

Actor Diego Gonzalez Boneta arrives at 'Abel' screening during AFI FEST 2010 presented by Audi at Grauman's Chinese Theatre on November 7, 2010 in Hollywood, California.

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M&I bank name goes away after Canadian acquisition

Wed, 04/06/2011 - 01:30

The Marshall & Ilsley Corp. name has been a fixture in Wisconsin since 1847. But the name is now going away as part of the bank's acquisition by Toronto-based BMO Financial Group.

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Markets brace for a quarter-point increase, wonder how far European Central Bank will go

Tue, 04/05/2011 - 21:20

The spotlight will fall on the European Central Bank on Thursday as markets look to see how aggressively the bank follows up an expected interest rate increase as it seeks to snuff out rising inflation.

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SEC charges Wachovia over CDOs

Tue, 04/05/2011 - 17:10

The Securities and Exchange Commission on Tuesday charged Wachovia Corp. with overpricing mortgage-bond deals, in the first of what could be several suits the regulator brings to clamp down on Wall Street practices.

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Judge rejects injunction in SD debit fee lawsuit

Tue, 04/05/2011 - 13:06

A federal judge in South Dakota declined Monday to issue a preliminary injunction against the Federal Reserve and agreed to consider the agency's request to dismiss a lawsuit that challenges the constitutionality of regulations limiting the fees a bank can charge retailers for debit card transactions.

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Given chances, Pritchard holds out for right 1

Tue, 04/05/2011 - 08:56

Ever since Lauren Pritchard was a teenager, she dreamed of becoming a singer-songwriter - a goal she pursued with almost singular determination, even passing up a coveted opportunity to achieve it.

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London Markets: Barclays, National Grid weigh on FTSE index

Tue, 04/05/2011 - 06:57

U.K. stocks slipped Tuesday, paced by Barclays PLC after a report that the bank is struggling to reach its profitability targets and as sovereign-debt worries weighed on the sector, while National Grid PLC fell after a broker downgrade.

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SEC sought information from BofA on loan-loss reserves: filing

Tue, 04/05/2011 - 02:47

The Securities and Exchange Commission sought information from Bank of America Corp last year about the loan-loss reserves used to repurchase faulty home loans, company filings showed.

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Hedge Funds: Hedge funds had 'challenging' March

Mon, 04/04/2011 - 22:33

Hedge funds struggled to avoid losses in March as the $2 trillion industry was hit by the mid-month market slump triggered by Japan's massive earthquake and tsunami.

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Currencies: Dollar falls to five-month low against euro

Mon, 04/04/2011 - 18:28

The U.S. dollar fell for a fifth day Monday, touching a five-month low against the euro, as investors awaited this week's meetings of key monetary-policy makers.

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MidSouth moving into Dallas-Fort Worth

Mon, 04/04/2011 - 14:07

MidSouth Bancorp Inc. has agreed to acquire five branches of Jefferson Bank and First Bank & Trust Co.

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Banks, Retailers Warn Customers After Email Database Hacked

Mon, 04/04/2011 - 09:57

Some of the largest companies in the U.S. are warning customers about a potential wave of fraudulent emails headed for their inbox after a security breach at a national online marketing firm.

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Vodafone shares gain after deal with Vivendi

Mon, 04/04/2011 - 08:57

Shares of Vodafone Group PLC rose on Monday after the U.K. mobile giant said it will sell its 44% stake in SFR to France's Vivendi for around $11.3 billion.

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Deutsche Boerse awaits reactions before further NYSE move

Mon, 04/04/2011 - 04:40

Deutsche Boerse won't make a decision on a higher bid for NYSE Euronext until the U.S. exchange's board reacts to last week's counter-offer from Nasdaq and IntercontinentalExchange, sources said.

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Citi hires Emmanuel from UBS as MD for Asia FIG

Mon, 04/04/2011 - 00:29

Citigroup Inc has hired Jeff Emmanuel from UBS AG as managing director of its Asia-Pacific financial institutions group , Citigroup said in a statement on Monday.

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Huntington Bank took 15 emergency loans in 2008, Federal Reserve records show

Sun, 04/03/2011 - 20:10

Published: Saturday, April 02, 2011, 11:05 PM Updated: Sunday, April 03, 2011, 12:23 AM The Huntington Bank building on East Ninth Street in downtown Cleveland.

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King Soopers, Chase Bank warn of customer data breach

Sun, 04/03/2011 - 00:23

The Kroger Co. , parent of Colorado's King Soopers and City Market grocery chains, and JPMorgan Chase & Co., parent of Chase Bank, have warned their customers of a breach of a third-party vendor's database that stores customer email addresses.

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Noonan denies breaking bank promise

Sat, 04/02/2011 - 19:36

Ireland's Finance Minister has denied reneging on election commitments to force major European bank lenders to take a hit on losses.

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Bank is unable to raise capital

Sat, 04/02/2011 - 15:26

Mt. Clemens-based Community Central Bank said Friday that its efforts to raise capital have not been successful so far and warned that 'substantial doubt exists as to our ability to continue as a going concern.' The update on the bank's condition was part of a filing submitted Friday to the U.S. Securities and Exchange Commission.

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