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Finance News Archives May 2012
May 31, 2012
Union Lawyer: Stockton, Calif., Bankruptcy ‘Inevitable’
May 31, 2012
Student Loan Debt Climbed to $904 B in First Quarter
May 31, 2012
Mortgage Rates in Fall to Record Lows With 30-Year at 3.75%
May 31, 2012
Morgan Stanley Will Buy More of Smith Barney From Citigroup
May 31, 2012
JPMorgan CEO Dimon to Appear Before Senate Panel June 13
May 31, 2012
ECB, EU Officials Warn Euro's Survival at Risk
May 31, 2012
Merkel: ‘No Taboos’ on Euro-Reform Steps to Calm Markets
May 31, 2012
US Sales of Foreclosure Homes Rose in First Quarter
May 31, 2012
U.S. 10-Year Yield Reaches Record Low for Second Day on Europe
May 31, 2012
Fed's Bullard Says More Easing Unlikely, Warns About Europe
May 30, 2012
Moody’s Downgrades Nine Danish Financial Firms
May 30, 2012
Bank Fears Send Spain Bond Yields into Danger Zone
May 30, 2012
Trade Insurer Halts Coverage for Exports to Greece
May 30, 2012
Colleges' Bank Deals Saddle Students with Big Fees
May 30, 2012
Economists: US May Avert Plunging Over 'Fiscal Cliff' in 2013
May 30, 2012
Obama Signs Export-Import Bank Bill, Lifts ‘Cloud’ Over Business
May 30, 2012
Rasmussen: Disdain Continues for Bernanke and Fed
May 30, 2012
Eurozone Economic Confidence Declined More Than Forecast in May
May 30, 2012
EU Throws Spain Two Potential Lifelines
May 30, 2012
EU Calls for Banking Union, Direct Recapitalization of Banks
May 30, 2012
Spain's Woes Rattle Global Markets as Greeks Warned of Catastrophe
May 30, 2012
NY Times: ID Thieves Use Bogus Tax Returns to Loot US Treasury
May 29, 2012
Greek Poll Shows Majority Want to Revise Bailout Terms
May 29, 2012
Biggest Greek Bank Warns of Dire Euro Exit Fallout
May 29, 2012
Egan-Jones Cuts Spain’s Debt Rating
May 29, 2012
Spain's Central-Bank Chief Calls It Quits
May 29, 2012
Greek Euro Exit Would Halve Incomes, Report Warns
May 29, 2012
Eurozone-Bank Safety Net Leaves Holes Unplugged
May 29, 2012
Spain to Go to Market to Fund Banks, Regions
May 29, 2012
Greece's Caretaker Government Vows to Do All Needed to Keep Solvent
May 29, 2012
Pimco’s Bosomworth Sees Beginnings of Bubble in Bunds Market
May 29, 2012
Fed’s Plosser: US Can Handle European Meltdown
May 29, 2012
Spain's Rajoy Backtracks on Bankia Bailout Plan
May 29, 2012
Japan’s Insider Probe Targets JPMorgan
May 28, 2012
Spanish Debt Costs Spiral Higher as Crisis Deepens
May 28, 2012
Greek Stability Fund Provides Bank Capital Boost
May 27, 2012
New Polls Show Greek Pro-Austerity Parties Gaining
May 25, 2012
Spain's Bankia Seeks $23.8 Billion in State Support
May 25, 2012
S&P Downgrades Bankia, Other Spanish Banks, to Junk
May 25, 2012
Spain Region, Greek Exit Warnings Rattle Eurozone
May 25, 2012
Reuters: French Banks Plan for Greek Exit from Euro
May 25, 2012
Spain's Wealthiest Region Seeks Government Aid on Debt
May 25, 2012
German, French Consumers Resilient in Crisis
May 25, 2012
Moody's Downgrades Big Nordic Banks
May 25, 2012
Fed’s Plosser: Central Banks Need Crisis Lending Rules
May 25, 2012
Merkel Opens Door to Euro Debt-Sharing Plan
May 24, 2012
Italy's Monti: Most Leaders at EU Summit Backed Euro Bonds
May 24, 2012
Greek Poll Shows Anti-bailout Faction Still Leading
May 24, 2012
Weaker China Bank Loans Reveal Severity of Slowdown
May 24, 2012
More Eurozone Governments Gird for Greek Exit
May 24, 2012
Moody’s Affirms Negative View on France
May 24, 2012
FDIC: US Banks' Profits Climbed 23% in 1st Quarter
May 24, 2012
UK Revises GDP Figures to Show Deeper Contraction
May 24, 2012
German Business Sentiment Turns Gloomier
May 23, 2012
Spain Bails Out Bankia, Seeks Plan for Troubled Regions
May 23, 2012
ECB: Greek Bank Recapitalizations to Finish ’Shortly’
May 23, 2012
Fitch Downgrades New York's Suffolk County
May 23, 2012
Spain Wrestles with Regions' 36 Billion Euros of Debt
May 23, 2012
Morgan Stanley to Adjust Prices on Facebook Trades
May 23, 2012
Bundesbank: Eurozone Can Handle Greek Reform Halt
May 23, 2012
Facebook IPO Scrutiny Grows as Morgan Stanley Defends Role
May 23, 2012
EU Urges Greece to Stay in Euro, but Plans for Possible Exit
May 23, 2012
France's Hollande Challenges German Crisis Handling
May 23, 2012
Massachusetts Subpoenas Morgan Stanley in Facebook Probe
May 23, 2012
Facebook, Banks Sued Over Pre-IPO Analyst Calls
May 23, 2012
European Banks Unprepared for Pandora’s Box of Greek Exit
May 23, 2012
Facebook Investor Sues Nasdaq Over ‘Mishandled’ Stock Offering
May 22, 2012
Hollande Set for EU Summit Showdown with Merkel
May 22, 2012
Morgan Stanley: Facebook IPO Followed the Rules
May 22, 2012
Egan-Jones Cuts Spain Rating Further on Weak Banks
May 22, 2012
Japan World's Top Creditor in 2011, for 21st Straight Year
May 22, 2012
Senators Seek to Remove Bankers From Fed Boards
May 22, 2012
JPMorgan Employee Sues Over Trading Losses to Retirement Funds
May 22, 2012
FT: Secret Central Bank Aid Props Up Greek Banks
May 22, 2012
SEC Looking at JPMorgan's Financial Reporting
May 22, 2012
Facebook Flop Prompts Finger-Pointing Blame Game
May 22, 2012
Nasdaq Seen Struggling With Aftermath of Facebook IPO
May 22, 2012
Morgan Stanley Cut Facebook Estimates Just Before IPO
May 22, 2012
IMF Calls on UK to Do More to Boost Economy
May 22, 2012
BofA Chief: Dimon Will Do What’s Needed to Stanch Loss
May 22, 2012
Fitch Cuts Japan Rating on Tame Deficit Reduction Effort
May 21, 2012
Hollande Wants Frank Talk on Growth at EU Summit
May 21, 2012
German Finance Minister Open to Growth Measures
May 21, 2012
Finance Prof: Treasury Overstates Benefits of Bailouts
May 21, 2012
FDIC Sues Over Mortgage-Backed Securities Sold to Failed Banks
May 21, 2012
JPMorgan Suspends Stock Buybacks in Face of Loss
May 21, 2012
Morgan Stanley Said to Be Still Working on Facebook IPO Orders
May 21, 2012
Nasdaq Alters IPO Procedures After Facebook Glitch
May 21, 2012
Nasdaq CEO Blames Software Design for Delayed Facebook Trading
May 21, 2012
Barclays Plans to Sell Entire $6.1 Billion BlackRock Stake
May 21, 2012
Nasdaq May Be on $100 Million Hook for Botched Facebook Debut
May 21, 2012
Lockhart: Fed Shouldn’t Rule Out New Easing Amid European Risks
May 21, 2012
Facebook Faces Crucial Week After Modest Debut
May 20, 2012
German Central Bank Warns of Greek Risk Exposure
May 20, 2012
Fat Pay Raise for German Union May Ease Euro Tensions
May 20, 2012
Merkel Increasingly Isolated as Austerity Falls from Favor
May 20, 2012
Experts: Thank Greece for Record-Low Treasury Yields
May 20, 2012
G-8 Presses Greece to Stay in Euro; Merkel Firm on Austerity
May 20, 2012
World Leaders Back Greece, Vow to Combat Financial Turmoil
May 18, 2012
SEC Will Review Facebook Trade Reporting Problems at Nasdaq
May 18, 2012
Facebook Wins Few Friends After Rough First Day of Trading
May 18, 2012
Facebook Investors Left Guessing After Nasdaq Glitch
May 18, 2012
Facebook Gets Early Brokerage 'Sell' Rating
May 18, 2012
Fed May Prefer Another Twist to Adding Assets Should Growth Slow
May 18, 2012
Banks' Rising Bad Loans Add to Spanish Troubles
May 18, 2012
Facebook May Charge to Ensure Friends See Postings
May 18, 2012
Ex-ECB Chief Trichet Unveils Bold Plan to Save Eurozone
May 18, 2012
FT: JPMorgan Unit Holds $100 Billion of Risky Bonds
May 18, 2012
Facebook Set for Public Debut After IPO Seals $104 Billion Value
May 18, 2012
Facebook's Saverin Vows to Pay 'Hundreds of Millions' in Tax
May 17, 2012
Greek Leaders: Nation Must Choose Between Nightmare and Hell
May 17, 2012
Spain Beset by Bank Crisis, Recession, Bond Pressure
May 17, 2012
Moody's Downgrades Ratings of 16 Spanish Banks
May 17, 2012
Facebook Prices IPO at $38; Traders Await First-Day 'Pop'
May 17, 2012
Fed's Bullard: Break Up JPMorgan, Other Big Banks
May 17, 2012
Senate Calls JPMorgan CEO Dimon to Testify
May 17, 2012
Fed Said to Study How Banks Manage Deposits After JPMorgan Loss
May 17, 2012
Fed Dealer Survey Sees Rate Increase in Third Quarter of 2014
May 17, 2012
Fitch Downgrades Greece, Cites Euro Exit Risk
May 17, 2012
Senate Confirms Nominees Powell and Stein to Seats on Fed Board
May 17, 2012
Spain Banks Face Moody’s Downgrades as Bankia Denies Deposit Run
May 17, 2012
Goldman Plans to Sell $1 Billion of Facebook Holdings in IPO
May 17, 2012
IMF to Review Greek Progress After June Elections
May 17, 2012
Greece Heads to New Election With Euro, Bailout at Stake
May 17, 2012
Fitch: World's Top 29 Banks May Need $566 Billion to Meet Capital Rules
May 17, 2012
NYT: JPMorgan Loss Rises by at Least $1 Billion
May 17, 2012
Experts: Greek Crisis Pushing Down U.S. Interest Rates
May 17, 2012
Greece Gets Caretaker PM Until Next Vote in June
May 17, 2012
Greek Exit Could Cost Eurozone Hundreds of Billions
May 16, 2012
IMF's Lagarde: Greece Must Stick to Bailout Terms
May 16, 2012
World Bank Chief: Greece Euro Exit Could Hit Spain, Italy
May 16, 2012
Pimco Strategist Crescenzi: Greece Likely to Exit Euro
May 16, 2012
Several Fed Members May Favor More Easing if Economy Falters
May 16, 2012
JPMorgan Still Employs 'Whale' Trader at Center of Trading Loss
May 16, 2012
ECB Stops Lending to Some Greek Banks as Draghi Talks of Exit
May 16, 2012
FBI's Mueller Confirms JPMorgan Preliminary Probe
May 16, 2012
Euro Crisis Leaves Door Open for More BoE Easing
May 16, 2012
JPMorgan Shareholders Sue Dimon Over $2 Billion Trading Loss
May 16, 2012
Judge to Lead Greece to Fateful June 17 Election
May 16, 2012
GE Finance Unit to Resume Dividend to Parent Halted in 2009
May 16, 2012
Frightened Greeks Pull Nearly $1 Billion From Banks
May 16, 2012
White House: Obama Has Assets in JPMorgan Accounts
May 16, 2012
Obama’s Disclosure Shows Mortgage Refinance Not High on Agenda
May 16, 2012
Facebook Boosts Size of IPO by 25%, Could Total $16 Billion
May 15, 2012
Senate Leaders Move Toward Vote on Fed Nominees
May 15, 2012
Merkel, Hollande Extend Olive Branch to Greece
May 15, 2012
ResCap to Stop Funding $1.7 Billion in Home Loans
May 15, 2012
Facebook Increases IPO Price Range to Raise $12.1 Billion
May 15, 2012
FBI Launches Probe of JPMorgan's $2 Billion Trading Loss
May 15, 2012
JPMorgan CEO Wins Shareholder Vote on Pay, Stays Chairman
May 15, 2012
Wiedemer: Fed to Print More Money If Stock Market Drops 15%-20%
May 15, 2012
Geithner: Regulators to Take Close Look at JPMorgan Loss
May 15, 2012
Obama: JPMorgan ‘One of Best Managed Banks’
May 15, 2012
Merkel Critics Urge Growth Before Talks With Hollande
May 15, 2012
Trump: More Laws Wouldn't Have Stopped JPMorgan Loss
May 15, 2012
Greek Government Talks Collapse; New Vote Planned
May 15, 2012
JPMorgan CEO Dimon to Face Calls to Split Top Roles
May 15, 2012
JPMorgan Said to Weigh Bonus Clawbacks After $2 Billion Loss
May 15, 2012
JPMorgan’s Trades Probed by U.S. National Bank Agency After Loss
May 14, 2012
Facebook to Raise IPO Price as Demand Surges
May 14, 2012
Eurozone Ministers: Talk of Greek Exit 'Propaganda'
May 14, 2012
JPMorgan's New Investment Chief Shakes Up Unit Leadership
May 14, 2012
Moody's Cuts Credit Ratings on 26 Italian Banks
May 14, 2012
No Sign of Shareholder Revolt Against Dimon
May 14, 2012
JPMorgan Investment Chief Drew to Retire After Huge Trading Loss
May 14, 2012
Fed Regulators in Hot Seat Over JPMorgan Loss
May 14, 2012
SunTrust CEO: JPMorgan Loss Is ‘Black Eye’ Arming Critics
May 14, 2012
JPMorgan Unit’s Whole London Staff May Be at Risk Amid Exits
May 14, 2012
Big Trading Loss Raises Pressure on JPMorgan CEO
May 14, 2012
Ally Hopes to End Mortgage Woes With ResCap Bankruptcy
May 14, 2012
Sources: JPMorgan Executives to Leave Over Trading Loss
May 14, 2012
Greece Hits Political Stalemate as Euro Exit Fears Grow
May 14, 2012
Moody’s Said to Delay Bank Downgrades Amid Crisis, JPMorgan Loss
May 14, 2012
Facebook Said Set to Finish Taking Orders for IPO Tomorrow
May 13, 2012
WSJ: Three JPMorgan Executives to Resign in Wake of Huge Loss
May 13, 2012
China's Growth Risks Signal Need for Fiscal Action
May 13, 2012
Fears About Spain Linger Despite Banking Plan
May 13, 2012
Ally Financial's Mortgage Unit Said to Near Bankruptcy
May 13, 2012
Greece Faces 'Moment of Truth' as Coalition Talks Stall
May 13, 2012
ECB’s Honohan: Greece Exit Can Be Managed
May 13, 2012
Elizabeth Warren Calls for Dimon to Resign From New York Fed
May 12, 2012
China Moves to Boost Loans, Bolster Flagging Economy
May 12, 2012
Big Banks Under Fire After JPMorgan Fiasco
May 11, 2012
Fitch Downgrades JPMorgan Chase After Trading Blunder
May 11, 2012
Greek Govt Talks Fail, Country Closer to New Vote
May 11, 2012
Fitch Warns Eurozone of Downgrades if Greeks Exit
May 11, 2012
SEC Chief: Regulators 'Focused' on JPMorgan
May 11, 2012
Spain to Force Banks to Raise $38 Billion
May 11, 2012
Dallas Fed’s Fisher: Texas Banks Lead U.S. in Profitability
May 11, 2012
Banks Prepare for the Return of Greek Drachma
May 11, 2012
Senator Questions Fed Move to Let Chinese Banks Buy U.S. Lenders
May 11, 2012
Dennis Gartman: JPMorgan Fiasco Not Due to Only Rogue Trader
May 11, 2012
JPMorgan CEO Dimon Admits 'Egg on Face' After $2 Billion Trading Loss
May 10, 2012
Fannie Mae Stops Racking Up Debt at US Treasury
May 10, 2012
Spain's Potential Bank Losses Seen as Fivefold Greater
May 10, 2012
Goldman Sachs May Owe $2.21 Billion If Rating Falls Two Levels
May 10, 2012
EU Increase Pressure on Athens Before Repeat Vote
May 10, 2012
Bernanke: US Banking System Healthier After Crisis
May 10, 2012
Spain Takes Over Bankia to Steady Ailing Sector
May 10, 2012
Bank of England Stops Easing as Inflation Fears Mount
May 10, 2012
Whalen: More EU Bank Bailouts Are Inevitable
May 10, 2012
Germany's Merkel: 'Growth on Credit' Would Deepen Crisis
May 10, 2012
Dutch Central Bank: Europe Faces a 'Lost Decade'
May 10, 2012
Greek Socialist Makes Last-Ditch Attempt at Government
May 09, 2012
Spain Nationalizes No. 4 Bank as Crisis Deepens
May 09, 2012
Fed Clears 1st Purchase of US Bank by Chinese Lender
May 09, 2012
China Sovereign Wealth Fund Stops Buying Europe Debt
May 09, 2012
House Clears Contentious Bill to Extend Ex-Im Bank
May 09, 2012
Europe Keeps Greece Afloat With More Bailout Money
May 09, 2012
BofA Chief Moynihan Faces Shareholder Ire as Protests Swirl
May 09, 2012
Moody’s Bank-Downgrade Threat Risks Choking Europe Recovery
May 09, 2012
New Greek Vote Looms Amid Fight Over Bailout
May 09, 2012
IRS Can't Catch Identity Thieves
May 09, 2012
Volcker: Prop Trading Poses Bank Conflicts of Interest
May 09, 2012
Spain to Demand Banks Recognize More Losses
May 09, 2012
Fannie Mae Won’t Seek Aid After Reporting $2.7 Billion Profit
May 09, 2012
Greece in Crisis Again as Coalition Talks Seem Doomed
May 09, 2012
Peter Schweizer: Obama Doesn’t Have 'Will' to Go After Financial Crimes
May 08, 2012
Europe's Big Banks Face Risks of Moody’s Downgrades
May 08, 2012
IBM Sells $1.5 Billion of Debt as Corporate Yields Fall
May 08, 2012
Greek Outlook Darkens as Leader Disavows Austerity
May 08, 2012
Credit Suisse: US Treasurys' 'Haven Demand' to Persist
May 08, 2012
Bank of America May Cut $150,000 off Some Customers' Mortgages
May 08, 2012
France's Hollande May Roll Back Spending Promises
May 08, 2012
Ex-Sen. Bill Bradley: DC Paralysis Could Bring 'Another Meltdown'
May 08, 2012
Trump: French Election Could Sink Euro, Help US
May 08, 2012
Anti-bailout Party Rejects Greek Austerity Pledge
May 08, 2012
Wall Street Banks Depressed in Secular Shift
May 08, 2012
Billion-Dollar Traders Quit Wall Street for Hedge Funds
May 08, 2012
Investment Bank, Cost Cuts Help HSBC Top Forecasts
May 08, 2012
Congressional Watchdog: US Could Make $15.1 Billion on AIG Bailout
May 08, 2012
Fund Manager Noronha: Fed-Manipulated Rally Will Bring 'Taxmageddon'
May 07, 2012
Italians Show Austerity Anger in Local Elections
May 07, 2012
Greeks Fail in Attempt to Form New Government
May 07, 2012
Perry Capital Takes Over Barneys New York in Debt Swap
May 07, 2012
White House Pressures GOP on Student Loan Bill
May 07, 2012
Pimco: Wells Fargo Mortgage Share Soars as Rivals Cut
May 07, 2012
Volatility at ‘07 Low Means Treasurys Steady Into Election
May 07, 2012
Counting Costs Slows Dodd-Frank After Wall Street Lawsuits
May 07, 2012
Time Running Out for Ally Financial's Restructuring
May 07, 2012
Merkel Rejects Stimulus in Challenge to Hollande’s Growth Plans
May 07, 2012
Spain to Unveil New Bank Cleanup Measures as Public Funds Loom
May 07, 2012
UBS Bets on Toxic Debt Demand After Fed’s Sale
May 07, 2012
Buffett: I'm Buying U.S. Stocks Despite Global Market Tumble
May 07, 2012
Cal Professor Eichengreen: 'Fed Could Do More' to Spur Growth
May 07, 2012
Treasury Sells $5 Billion of AIG Stock, Reducing Stake to 63%
May 07, 2012
Buffett: US Banks Are 'In Fine Shape,' Unlike Europe’s
May 06, 2012
Greek, French Voters Reject German-led Austerity
May 04, 2012
Fitch CEO: US Downgrade Unlikely Before Election
May 04, 2012
Fitch: Indian Banks May Need $50 Billion Under Basel Rules
May 04, 2012
BofA: Ratings Downgrade Could Cost the Bank Billions
May 04, 2012
Trio of Fed Officials Says No to QE3
May 04, 2012
Facebook at 99 Times Profit Exceeds 99% of S&P 500 Index
May 04, 2012
Facebook Backers Accel, Goldman Sachs Among Sellers in IPO
May 04, 2012
Einhorn: Fed Policy is Too Loose, I'm Sticking with Gold
May 04, 2012
Buffett: Fed 'Did Right Thing' to Fight Crisis
May 04, 2012
Zuckerberg’s Facebook IPO to Make Him Richer Than Microsoft CEO
May 03, 2012
Bailed-out Insurer AIG's Profit More Than Doubles
May 03, 2012
Federal Reserve Officials at Odds on Jobs Outlook
May 03, 2012
Philadelphia Fed President 'Optimistic' With 3% Growth Forecast
May 03, 2012
Rate on 30-Year Mortgage Hits Record Low 3.84%
May 03, 2012
ECB’s Draghi: Eurozone Needs Growth, Fiscal Discipline
May 03, 2012
Freddie Mac Asks Taxpayers for $19 Million After $1.2 Billion Loss
May 03, 2012
Societe Generale Profit Drops 40% on Investment Banking
May 03, 2012
Canadians Dominate World's 10 Strongest Banks
May 03, 2012
US Presses China Over Currency in Economy Talks
May 03, 2012
Sen. Corker: 'Reform' Fannie and Freddie 'Out of Business'
May 03, 2012
EU Finance Chiefs Fall Short of Accord on Bank Capital Rules
May 02, 2012
NYC Cites Wall Street for $352 Million Tax Shortfall
May 02, 2012
Fed's Lacker: More Easing Could Raise Prices, Not Growth
May 02, 2012
US Treasury Still Mulling Floating-Rate Debt Sales
May 02, 2012
Fed's Tarullo: More Must be Done on 'Shadow' Banking
May 02, 2012
ECB's Hands Tied as It Faces Weak Economy, Protests
May 02, 2012
Bank Errors Cited in Fannie Mae Principal-Reduction Test Failure
May 02, 2012
MasterCard Profit Jumps 25% on Overseas Gains
May 02, 2012
Mortgage Applications Rise on Strong Purchase Demand
May 02, 2012
Greenspan: Obama's 'Worst Mistake' Was Rejecting Simpson-Bowles
May 02, 2012
S&P Raises Greek Rating, Lifting It Out of Default
May 02, 2012
Flood of Americans Give Up Citizenship to Dodge Tax Probe
May 02, 2012
Fed Stimulus Odds Drop on Policy Maker Doubts
May 01, 2012
Treasury Considers Issuing Floating-Rate Bills, Notes
May 01, 2012
Treasury’s Wolin: Dodd-Frank Rollback Effort Will Fail
May 01, 2012
Fed's Plosser Weighs In: Focus on Long-Term Inflation Risk
May 01, 2012
Lockhart, Evans Differ Over Fed Allowing Inflation to Reach 3%
May 01, 2012
Bonds Prove to Be Only Investment Winners for the First Time Since 2008
May 01, 2012
Fed’s Williams Sees Two-Track Economy With Moderate Expansion
May 01, 2012
Fed Officials Clash on Need for More Easing
May 01, 2012
Dallas Fed Urges Removal of CEOs, Boards of Bailed-Out Banks
May 01, 2012
WSJ: Bank of America Planning to Cut 400 More Jobs
May 01, 2012
Fed Said to Criticize Banks for Risk Models Used in Stress Tests
May 01, 2012
Fed Officials, Hawk and Dove, Agree: No More Easing
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