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Florida's Office of Financial Regulation has reached a $4.8 million settlement with Banc of America Securities LLC and Banc of America Investment Services. ...more
July 31, 2009
Citigroup Inc. and Bank of America Corp. will need to raise more capital based on preliminary results of their government-run "stress tests" - unless they succeed in appealing the findings, according to two people familiar with the matter. ...more
April 29, 2009
Chrysler LLC's largest banks reached a tentative agreement with the U.S. government to exchange $6.9 billion in secured debt for $2 billion cash, say three people with knowledge of the negotiations. ...more
April 29, 2009
Citigroup Inc. plans to spend about $10 million on new offices for Chief Executive Officer Vikram Pandit and his lieutenants, after the U.S. government injected $45 billion of cash into the bank. ...more
March 20, 2009
Oh yes, the temptations are here again. So far in life I have only been penalized a small bit by the temptation of getting into trying to make money with money, much like our government is doing by printing money and giving it to the banks. ...more
March 19, 2009
Seattle Paper Goes Online Hearst Corp. announced Monday that the Seattle Post-Intelligencer will print its last newspaper edition today and become exclusively Web-based as www.seattlepi.com, making it the nation's largest daily newspaper to move to online only. ...more
March 17, 2009
A stunning about-face in bank shares handed the stock market its best week since November. ...more
March 14, 2009
It's always great to see the stock market come back from the dead. But I am deeply worried that our political system doesn't grasp how much our financial crisis can still undermine everything we want to be as a country. ...more
March 13, 2009
Wall Street has had its best day of 2009, storming higher on good news from Citigroup. ...more
March 10, 2009
Investors fled Wall Street again Thursday, driven by worries about the stability of the nation's big banks and General Motors Corp. ...more
March 6, 2009
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