Freddie Mac said Wednesday it will ask the government for nearly $31 billion in additional aid after posting a gargantuan loss of more than $50 billion last year as the U.S. housing market worsened.
Citigroup, its stock trading under $1 just a week ago, cleared $1.50. Other bank stocks rallied, too.
Andrew Cuomo filed another appeal seeking the release of the names of Merrill Lynch's top earners last year, and the court filing contains transcripts of the depositions John Thain, Ken Lewis, and other ...
Financial stocks closed below their best levels of the session Wednesday, but the group on the whole was in the green by the time trading ended.
Analysis and discussion with Arthur Levitt, Senior adviser of Carlyle Group, on his viewpoint of the regulation of the financial market.
Mar. 11 - Britain's central bank starts quantitative easing to help pull the economy out of recession.
Nine people arrested over a suspected 40 million mortgage fraud have been released on bail.
The Bank of England opens a new front in its effort to ward off deflation today as it prepares to buy government bonds with newly created money.
ZURICH : UBS AG revised its annual loss for 2008 upward by 1.2 billion Swiss francs Wednesday because of legal settlements and write-downs. The Swiss bank said a previously announced $780 million fine and ...
The TSX rose Tuesday after sinking to a five-year low the day before. Photograph by: Reuters, Reuters Canadian stocks rallied more than 4% on Tuesday after Citigroup Inc.
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