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Finance News Archives October 2012
Oct 31, 2012
Wall Street Scrambles to Raise Cash After Sandy
Oct 31, 2012
Banks Show Signs of Humanity in Wake of Sandy
Oct 31, 2012
Mortgage Applications Down, Refinancing Demand Slows
Oct 31, 2012
Fed: Banks See Rising Demand for Auto, Real-Estate Loans
Oct 31, 2012
Fed Economists: Facebook Banks Spent $66 Million Buoying IPO
Oct 31, 2012
US to Force Wall Street to Disclose Muni-Bond Campaign Giving
Oct 31, 2012
Wall Street Scrambles to Raise Cash After Hurricane Sandy
Oct 31, 2012
Walter Mix to Moneynews: US Tax Policies Might Hurt US Citizens
Oct 31, 2012
Spain: Pressure to Demand a Bailout Is Easing
Oct 31, 2012
Insurers Face ‘Wild Cards’ in Assessing Superstorm Sandy Costs
Oct 31, 2012
Greece Outlines New Austerity as Debt Load Rises
Oct 31, 2012
Rival Banks Face Hard Decisions After UBS Retreat
Oct 31, 2012
Treasury Expects US to Hit Debt Limit Before 2013
Oct 31, 2012
MasterCard Net Income Rises on Global Growth
Oct 31, 2012
Fed's Kocherlakota: Central Bank Might Have to Do More to Boost Jobs
Oct 31, 2012
IMF Delegation in Egypt for Talks on Crucial Loan
Oct 30, 2012
Accused UBS Rogue Trader: "I Lost Control"
Oct 30, 2012
Fannie, Freddie Give Relief to Borrowers Hit by Hurricane Sandy
Oct 30, 2012
Flood Insurance Still Relatively Rare in Northeast
Oct 30, 2012
Robert Feinberg: What Will Cause the Next Financial Crisis?
Oct 30, 2012
Levitt: No Backup at NYSE to ‘Shake Image’ for Exchange
Oct 30, 2012
Bank of Japan Expands Stimulus as GDP Poised to Decline
Oct 30, 2012
Greece Delays Austerity Vote, Warns of 'Chaos'
Oct 30, 2012
Germany's Merkel to Meet Global Finance Chiefs
Oct 30, 2012
Swiss Bank UBS to Cut as Many as 10,000 Jobs
Oct 30, 2012
WSJ’s O’Grady: Fed a Currency Manipulator
Oct 30, 2012
Hurricane Sandy's Damage Toll Poised to Top $20 Billion
Oct 29, 2012
Global Regulators Probe How Banks Calculate Risks
Oct 29, 2012
Treasury Lowers Borrowing Estimate for Current Quarter
Oct 29, 2012
Robert Feinberg: Dodd-Frank: Too Far or Not Far Enough?
Oct 29, 2012
Analysts: Insurers Could Withstand $10 Billion Sandy Hit
Oct 29, 2012
Blair Warns Euro-Area Crisis Could Lead to Whole EU Breaking Up
Oct 29, 2012
Spain's Rajoy Rules out Imminent Request for Help
Oct 29, 2012
UBS Shares Jump at Prospect of 10,000 Job Cuts
Oct 29, 2012
Citigroup Joins Goldman in Partial NYC Shutdown for Storm
Oct 29, 2012
Bill Clinton: Simpson-Bowles Is the Way to Go
Oct 28, 2012
Moody's Possibly Downgrading Five Big Canadian Banks
Oct 28, 2012
China Construction Bank Profit Growth Slows on Weaker Fee Income
Oct 28, 2012
ECB's Draghi Backs Plan for Euro-Region Budget Commissioner
Oct 28, 2012
KKR Falls Short of $8 Billion Goal for Buyout Fund
Oct 26, 2012
UBS Said to Plan 10,000 Job Cuts as Investment Bank Shrinks
Oct 26, 2012
Robert Feinberg: SEC's Schapiro Speaks at Dodd-Frank Conference
Oct 26, 2012
Allstate, Travelers Among Insurers Pressured by ‘Frankenstorm’
Oct 26, 2012
Citi Fined $2 Million Over Facebook IPO, Fires Two Analysts
Oct 26, 2012
Mobius: Yuan Not Ready for Prime Time as World's Reserve Currency
Oct 26, 2012
Japan Adds Stimulus as Ministry Holds Emergency Bond Talks
Oct 26, 2012
Buffett’s Berkshire Wins ResCap Auction With $1.5 Billion Offer
Oct 26, 2012
Eurozone Official: Greek Debt to Miss Target by Wide Margin
Oct 26, 2012
Pimco's El-Erian: 'No Doubt' That Fed Plans More Stimulus
Oct 26, 2012
Fed’s Lacker: New Bond Buying Won’t Work and Risks Fueling Inflation
Oct 26, 2012
Report: Obama Sees Executive Pay Rules as Next Financial Reform
Oct 26, 2012
Wilbur Ross: CEOs Back Deficit Deal Because Obama Has Failed
Oct 25, 2012
Fed's Low-Rate Tactics Seen Slowing Recovery by Hurting Savers
Oct 25, 2012
Robert Feinberg: The Fateful History of Fannie Mae
Oct 25, 2012
The Germans Are Coming to Count Their Gold
Oct 25, 2012
Steve Forbes: Bernanke Should Resign at Year's End
Oct 25, 2012
US CEOs Call for Higher Taxes to Reduce Federal Deficit
Oct 25, 2012
BOJ Minds Its Words as Emerging Nations Eye Global Easing Warily
Oct 25, 2012
Rate on 30-Year Mortgage Rises to 3.41%, Hovers Near Record Lows
Oct 25, 2012
Credit Suisse to Cut $1 Billion More Costs as Profits Fall
Oct 25, 2012
Watchdog Faults Treasury, Fed for Libor Use, Wants Alternatives
Oct 25, 2012
Aetna Posts Higher Profit, Gives Bullish Outlook
Oct 24, 2012
Moody’s: More US City, Town Ratings Headed for Junkville
Oct 24, 2012
Fed Vows to Keep Stimulating Economy Until Job Market Improves
Oct 24, 2012
Pimco Sours on Financial Bonds in Record Rally
Oct 24, 2012
US Sues Bank of America for $1 Billion, Alleges Mortgage Fraud
Oct 24, 2012
Buffett: I’m Still Buying Wells Fargo Shares
Oct 24, 2012
Buffett: I Support Bernanke, Would Probably Oppose QE3
Oct 24, 2012
Greece Celebrates Bailout Extension but EU Denies Deal Reached
Oct 24, 2012
B&N: PIN Pad Tampering Was 'Sophisticated' Crime
Oct 24, 2012
Buffett 'Salivating' to Make Big Acquisition for Berkshire
Oct 24, 2012
Mortgage Lenders See Tighter Credit in Wake of New US Rules
Oct 24, 2012
Mortgage Applications Slump as Borrowing Rates Rise
Oct 24, 2012
Fed Expected to Keep Buying Bonds Despite Firmer US Growth
Oct 23, 2012
Trade Group: Business Borrowing for Equipment Jumps 16%
Oct 23, 2012
Pimco Exiting Bank Debt as Rally Is 'Mostly Over'
Oct 23, 2012
Fair Housing Group Adds to Its BofA Discrimination Complaint
Oct 23, 2012
EU Commission Backs 10 Countries' Transaction Tax Plan
Oct 23, 2012
RBC Agrees to Buy Ally’s Canada Unit in $4.1 Billion Deal
Oct 23, 2012
Billionaire Ross Interested in Buying Spanish Banking Assets
Oct 23, 2012
Target to Sell Credit-Card Business to TD Bank for $5.9 Billion
Oct 23, 2012
Housing Rules May Curb Bernanke's Efforts to Bolster Economy
Oct 23, 2012
Fed Likely to Send Wait-and-See Signal at Meeting
Oct 23, 2012
Bernanke Seeks More Market Exuberance With Stimulus
Oct 23, 2012
NYT: Fed's Bernanke Unlikely to Seek Third Term
Oct 22, 2012
New York Life Hedges Against a Spike in Interest Rates
Oct 22, 2012
S&P: Volcker Rule May Cut Big Bank Profits by $10 Billion
Oct 22, 2012
Ally Financial Near Deal to Sell Canadian Operations to RBC
Oct 22, 2012
US Stocks Beat All Other Assets for First Time Since 1995
Oct 22, 2012
Germany Grumbles as UK Waffles on EU Integration
Oct 22, 2012
Behind-Scenes Talks Start on Ways to Avert Fiscal Cliff
Oct 22, 2012
Corzine, Banks Push to End MF Global Fraud Lawsuit
Oct 22, 2012
Source: Bank of Japan Leaning Toward Easing Again
Oct 22, 2012
Bloomberg Survey: Big Traders See Fed Buying Treasurys in QE3
Oct 22, 2012
Saudi Prince Alwaleed: Citigroup Has Great Potential After Pandit Exit
Oct 21, 2012
Fannie's Mortgage Limits Help Banks, Confound Fed
Oct 21, 2012
Fearing New Rule, Swiss Banks Shut Out Americans
Oct 19, 2012
Surging Mortgage Demand Overwhelms Big US Banks
Oct 19, 2012
Fed Expected to Stand Pat Next Week as Election Nears
Oct 19, 2012
Merkel Raises New Hurdles on EU Bank Union
Oct 19, 2012
Verizon Unloads $7.5 Billion Pension Burden to Prudential
Oct 19, 2012
AT&T Seeks to Contribute $9.5B in Wireless Stock to Pension Fund
Oct 19, 2012
Morgan Stanley’s Gorman Set to Lose $2.9 Million in Pay
Oct 19, 2012
Presidential Tax Plans Could Bruise US Muni Market
Oct 18, 2012
Military Sounds Alarm over Mounting Student Loan Debt
Oct 18, 2012
Pimco’s MacLean: Loans Won’t Repeat 2012 Performance
Oct 18, 2012
Feinberg: Volcker Regrets US, UK Didn’t Adopt Same Bank Rules
Oct 18, 2012
'Muppet' Banker Quit Goldman After ‘Unrealistic’ Pitch for $1 Million
Oct 18, 2012
UBS Says It Found 3 More Unauthorized Trading Incidents
Oct 18, 2012
Mortgage Rates Decline, With 30-Year Near Record at 3.37%
Oct 18, 2012
Violence Erupts at Greek Anti-austerity Protests
Oct 18, 2012
Merkel, Hollande Clash on EU Budget Tsar Before Summit
Oct 18, 2012
Student Debt Owed by Class of 2011 Borrowers Rises to $26,600
Oct 18, 2012
Travelers Posts Record Operating Profit as Storm Costs Decline
Oct 18, 2012
Morgan Stanley Beats Estimates on Rise in Fixed-Income Revenue
Oct 17, 2012
Pimco: US Will Be Downgraded Again Amid Fiscal ‘Theater'
Oct 17, 2012
Spain Banks Face More Losses as Worst-Case Scenario Turns Real
Oct 17, 2012
Sallie Mae Swings to Profit as Originations Jump 25%
Oct 17, 2012
Germany's Schaeuble, Merkel Push for Crisis Cure on Summit Eve
Oct 17, 2012
FBI Break Ups Plot to Blow Up New York Fed Building
Oct 17, 2012
Cyprus Expects Swift Bailout as S&P Cuts Deeper to Junk
Oct 17, 2012
Some Mortgage Investments Face Risk of ‘Disruptive Shocks’
Oct 17, 2012
Wilbur Ross: Banks Have Gotten ‘Too Complex to Manage’
Oct 17, 2012
IMF Urges Aid for Italy, Spain as Rome Refuses
Oct 17, 2012
Bartlett: Romney Would Use Appointments to End QE
Oct 17, 2012
BlackRock Profit Rises 8% on ETF Gains
Oct 17, 2012
BNY Mellon Profit Rises 11% on Money Management Fees
Oct 17, 2012
Bank of America Posts Slim Profit Despite Settlement, Charges
Oct 17, 2012
Bank of England: UK Banks Must Prepare for ‘End of World’ Risks
Oct 17, 2012
After Pandit, a Smaller Citi Could Get Smaller Yet
Oct 16, 2012
SEC Probes Finances in Bankrupt San Bernardino, Calif.
Oct 16, 2012
Moody's Affirms Spain's Investment-Grade Rating
Oct 16, 2012
Bankrupt San Bernardino Skips $1 Million Pension-Bond Payment
Oct 16, 2012
Fed’s Raskin: ‘Operational Risk’ Is Rising in Banking System
Oct 16, 2012
Citigroup Expanded Shadow Banking as Pandit Urged Regulation
Oct 16, 2012
Citigroup Board Said to Oust Vikram Pandit Over Poor Execution
Oct 16, 2012
Foreign Holdings of US Debt Hit Record $5.43 Trillion
Oct 16, 2012
NY Fed’s Dudley: Big Banks Preventing Recovery, Lower Rates
Oct 16, 2012
Analyst: There Was 'Always Turmoil' at Citi Under Pandit
Oct 16, 2012
Citi CEO Pandit Unexpectedly Quits After Reported Board Clash
Oct 16, 2012
Ex-FDIC Chair Bair’s 5 Bank Recommendations for Next President
Oct 16, 2012
Goldman Revenue More Than Doubles on Investment Gains
Oct 16, 2012
Monty Agarwal to Moneynews: Fed Policies Good for Gold, Bad for Bonds
Oct 16, 2012
Soros: 'Nightmare' Crisis Could Destroy Eurozone
Oct 15, 2012
Fed Officials Offer Divergent Views on Inflation Risks
Oct 15, 2012
Royal Bank of Scotland Said to Suspend Trader in Libor Probe
Oct 15, 2012
Top Court Rejects Workers' 401(k) Stock Drop Appeals
Oct 15, 2012
Civil Liberties Group Sues Morgan Stanley for Mortgage Bias
Oct 15, 2012
Dudley: Fed Won’t Make ‘Hasty’ Exit When Growth Accelerates
Oct 15, 2012
Citigroup Profit Drops After it Writes Down Brokerage Unit
Oct 15, 2012
Homeowners Sue 12 Banks Over Mortgage Rate Rigging
Oct 14, 2012
EU Leaders Gird for Summit as Nobel Glow Fades
Oct 14, 2012
German Finance Minister: Greece Will Not Default
Oct 14, 2012
Rise in Spain Bond Prices Suggests Improved Bailout Prospects
Oct 14, 2012
China Central Bank: Currency near Equilibrium
Oct 14, 2012
Bernanke Defends Fed Stimulus as China, Brazil Raise Concerns
Oct 14, 2012
Federal Reserve Flirting With Higher Inflation
Oct 14, 2012
Pew: Banks Still Raising Fees — and Hiding Them
Oct 12, 2012
Investors Turn Wary as Earnings Picture Dims
Oct 12, 2012
Mortgage Boom Leads to Profit Surge for JPMorgan, Wells Fargo
Oct 12, 2012
CBO Lowers Estimated TARP Costs by 25%
Oct 12, 2012
FT: BlackRock CEO Is Geithner’s Go-To Guy
Oct 12, 2012
Dick Bove: US Economy Needs Big Banks, Don’t Break Them Up
Oct 12, 2012
Long Shadow of Financial Crisis Continues to Haunt Big Banks
Oct 12, 2012
St. Louis Fed Chief: Banks Must Become Smaller to Manage Failure
Oct 12, 2012
EU Said to Consider Delay in Basel Rules for Up to a Year
Oct 12, 2012
Wells Fargo Posts Record Quarterly Profit but Revenue Disappoints
Oct 12, 2012
G-7 Discusses Potential Fiscal Measures If Growth Falters
Oct 12, 2012
JPMorgan’s Profit Rises 34% on Mortgage-Lending Surge
Oct 11, 2012
S&P Cuts Insurer Genworth’s Rating to Near Junk
Oct 11, 2012
Greece’s Largest Company Flees Homeland for U.K.
Oct 11, 2012
Blackstone, KKR, Bain Accused in Suit of Agreeing Not to Compete
Oct 11, 2012
Fed's Plosser Sees Risk in Bank's Pledge on Low Rates
Oct 11, 2012
NYT: JPMorgan's Trading Loss Could Lead to Arrests Soon
Oct 11, 2012
Fiscal Cliff, Europe Dampening What Should Be Busy M&A Year
Oct 11, 2012
Mortgage Rates Rise From Record Lows With 30-Year at 3.39%
Oct 11, 2012
Fed’s Stein: Benefits of Mortgage Debt Buying Outweigh Risks
Oct 11, 2012
Foreclosure Filings Hit 5-Year Low in September
Oct 11, 2012
S&P Rating Cut Piles Pressure on Spain to Seek Aid
Oct 11, 2012
IMF Urges Europe to Put Brake on Deep Budget Cuts
Oct 10, 2012
S&P Downgrades Spain's Debt to One Level Above Junk
Oct 10, 2012
Gross Cuts Holdings of Treasurys to Lowest Level Since Last October
Oct 10, 2012
Fed Beige Book: Economy Grows 'Modestly' as Housing Improves
Oct 10, 2012
Cash Pulled From Stock Funds for Seventh Month in Row
Oct 10, 2012
Lieberman: Cyber Attacks Threaten the US
Oct 10, 2012
Author Terri Duhon to Moneynews: Big Banks Should Be Broken Up
Oct 10, 2012
Mortgage Applications Fall 1.2% as Rates Inch Higher
Oct 10, 2012
IMF Chides EU for 'Critically Incomplete' Crisis Response
Oct 09, 2012
IMF Says European Banks May Have to Sell $4.5 Trillion in Assets
Oct 09, 2012
NY Mortgage Trial Could Have Broad Impact on Wall Street
Oct 09, 2012
US Sues Wells Fargo Over Claims It Falsely Certified FHA Loans
Oct 09, 2012
Bogle to Moneynews: Low Returns Vex Pension Funds
Oct 09, 2012
US to Allow Smaller Banks More Time for Stress Tests
Oct 09, 2012
Group of Eight Senators Meets to Work on Fiscal Cliff Plan
Oct 09, 2012
Treasury Watchdog Investigates Solar Tax Grant Program
Oct 09, 2012
WSJ: Goldman Sachs Employees Throw Support Behind Romney
Oct 09, 2012
Merkel Tells Angry Greeks that Austerity Will Pay Off
Oct 09, 2012
US Downgrade Seen as Upgrade Amid Borrowing Slowdown
Oct 09, 2012
Eurozone, IMF Consider 2-Year Extension for Greek Bailout
Oct 09, 2012
Draghi: Europe Needs Single Bank Bailout Fund
Oct 09, 2012
Consultant McKinsey: Global Banks Require Massive Makeovers
Oct 09, 2012
Merkel Lands in Greece as Protesters Mass on Streets
Oct 09, 2012
Libor Bid-Rigging Scandal Hits States, Localities With $6 Billion Loss
Oct 08, 2012
IMF: ECB May Need to Cut Rates Further on Deflation Risk
Oct 08, 2012
S&P: 'Garvee' Debt at Risk as Fiscal Cliff Looms
Oct 08, 2012
KKR’s Roberts: Energy Deals Are 'Huge Opportunity'
Oct 08, 2012
Solar Venture Funding Falls to Lowest Since ’08
Oct 08, 2012
Libor, Set by Fewer Banks, Losing Status as a Benchmark
Oct 08, 2012
Bank Profit Leading S&P 500 as US Earnings Growth Sputters
Oct 08, 2012
IMF's Lipton Urges US to ‘Lower Uncertainty’ Over Fiscal Cliff
Oct 08, 2012
Wal-Mart, Amex Take on Banks with Low-Cost Credit Card
Oct 08, 2012
IMF Vote Reform Bogged Down by Delays, Deadlock
Oct 07, 2012
Cato's Allison: Deficit Ills are Treatable if We Act Soon
Oct 07, 2012
UK's Cameron Tells Europe: I Can Veto EU Budget
Oct 07, 2012
Anti-austerity Protests Grip 56 Spanish Cities
Oct 07, 2012
Greeks Expected to Greet Merkel with Protests Tuesday
Oct 07, 2012
Europe Moves to Contain Spanish Trouble as Chiefs Meet
Oct 05, 2012
CBO: US Deficit Ends Fourth Fiscal Year Above $1 Trillion
Oct 05, 2012
Fed: Consumer Credit Jumps $18.12 Billion in August
Oct 05, 2012
Germany's Merkel to Visit Greece as Money Running Out
Oct 05, 2012
Lehman Brokerage, Europe Unit Settle $38 Billion in Claims
Oct 05, 2012
Morgan Stanley CEO: Wall Street Pay ‘Is Way Too High’
Oct 05, 2012
ECB Planning Heavy Bond Buying for Up to 2 Months
Oct 05, 2012
World Bank Chief Kim Signals Big Changes to Come
Oct 05, 2012
Draghi Says Next Move Isn’t His as Spain Resists Bailout Request
Oct 05, 2012
Greek Premier: Country Will Run Out of Money Without Aid Payout
Oct 05, 2012
Fed's Bullard: Inflation Won't Ease US Debt Burden
Oct 04, 2012
Reuters: Credit Suisse Probed by US over Mortgages
Oct 04, 2012
Mortgage Rates for 30-Year Loans Fall to Record-Low 3.36%
Oct 04, 2012
Romney: Cuts in Tax Breaks for Oil, Gas 'on the Table'
Oct 04, 2012
Romney Stresses He Wants Bank Regulation, but Slams Obama Reforms
Oct 04, 2012
Lenders Seize Fewer Homes as Owners Find Foreclosure Alternatives
Oct 04, 2012
CNNMoney: Fed Shouldn’t Do More QE, as Rates Aren’t Problem
Oct 04, 2012
Draghi: ECB Is Ready to Start Buying Government Bonds
Oct 04, 2012
Romney’s $17,000 Deduction Limit Part of 3-Cap Tax Plan Concept
Oct 04, 2012
ECB Holds Interest Rates as Inflation Offsets Growth Concerns
Oct 04, 2012
Bank of England Maintains Bond-Buying Plan Size
Oct 04, 2012
Bankers: US Consumer Credit Delinquencies Near 6-Year Low
Oct 03, 2012
No Joy on Wall Street Despite Six Biggest Banks Earning $63 Billion
Oct 03, 2012
Mortgage Prepayment Rate Hits Highest Level Since 2005
Oct 03, 2012
Research Group: Fed Risks Credibility Loss With 2015 Rate Pledge
Oct 03, 2012
Economist Apoteker: Treasury Yields Might Spike Next Year
Oct 03, 2012
SocGen: Global Currency Debasement Might Spark ‘Social Disorder’
Oct 03, 2012
Mortgage Applications Jump as Low Rates Spur Refinance Demand
Oct 03, 2012
IMF Chief Economist: Global Crisis Will Last a Decade
Oct 03, 2012
WSJ: China's Banks Pull Out of IMF's Tokyo Meeting Amid Island Row
Oct 02, 2012
Greece Pushes for Austerity Deal as Time Runs Short
Oct 02, 2012
Bove: Banks Should Leave New York for Greener Pastures
Oct 02, 2012
EU Advisers: High-Risk, Retail Banking Should Be Separated
Oct 02, 2012
Spain Prime Minister Rajoy: Bailout Request Isn't Imminent
Oct 02, 2012
US Officials See More Financial Crisis Cases After JPMorgan Suit
Oct 02, 2012
Banks Face Worst Equities Trading Since 2006 as Stocks Rally
Oct 02, 2012
Sources: Spain Ready to Request Bailout, Germany Signals ‘Wait’
Oct 02, 2012
Volcker to Appear Before UK Bank Commission
Oct 02, 2012
CNNMoney: Lawyers Getting Rich off New Consumer Bureau
Oct 01, 2012
Moody’s: Spanish Banks Need More Capital Than Tests Find
Oct 01, 2012
NY Sues JPMorgan over Bear Stearns Mortgage Securities
Oct 01, 2012
GOP Rep. Price: Republicans Hesitant to Alter Muni Tax Status
Oct 01, 2012
Fed's Bernanke Doesn't See Recession, but Warns Growth Too Slow
Oct 01, 2012
American Express Paying $112.5 Million in Late-Fee Settlements
Oct 01, 2012
US Households Face $3,446 Tax Increase From 2013 Fiscal Cliff
Oct 01, 2012
Loan Rates Plunging to Lows Drives US Car Sales
Oct 01, 2012
Top Morgan Stanley Broker Departs for JPMorgan
Oct 01, 2012
Small Business Lending Rises as Owners Turn More Confident
Oct 01, 2012
Chicago Fed Warned on High-Frequency Trading, SEC Slow to Respond
Oct 01, 2012
Stephen Roach: Fed Policy Is Wrong Medicine for Ailing Economy
Oct 01, 2012
CBI Survey: UK Financial Services May Have Cut 9,000 Jobs
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