Gold Prices Set To Climb In 2013 - Analysts
December 20 2012 7:28 AM
Central bank actions top a list of factors expected to extend the current gold price bull market into a 12th year.
US To Sell 32% GM Stake By March 2014 - How Many Jobs Were Saved?
December 19 2012 9:52 AM
The Treasury Department aims to conclude its bold, and expensive, investment in General Motors six years after it launched the rescue.
Critics Turn Up Heat On Ratings Agencies
December 18 2012 1:44 PM
Criticism of credit rating agencies continues after an analysis revealed their sovereign ratings lack reliability.
US Banks On Basel III Rules: No Más
December 18 2012 7:11 AM
U.S. banks are refusing to play ball on global capital rules, claiming they shouldn’t be forced to put more cash in a rainy day scheme.
The Future Under Obamacare: More Hospitals Offering Insurance
December 17 2012 3:00 PM
Healthcare providers will increasingly start providing another service under Obamacare: Insurance.
The Wait For Best Buy Buyout Offer Just Got Longer
December 14 2012 3:12 PM
The rumor a Best Buy deal was imminent turned out to be an announcement that any deal will have to wait until February.
Queen Elizabeth II To Bankers: Don't Mess Up Again
December 14 2012 2:20 PM
In a visit to the Bank of England, Queen Elizabeth II politely but firmly questioned the precise reasons why the Bank never saw the crisis coming while other regulators did little to prevent it.
Tokyo’s Status As Global Financial Center Under Threat
December 14 2012 1:56 PM
Foreign investment banks are finding it hard to generate enough revenues to cover the high costs of doing business in Japan.
One In 10 US Banks Engaging In Usury For Consumer Loans
December 14 2012 7:13 AM
In total, 11 percent of banks admitted they charge more than 36 percent annual interest on small consumer loans of less than $2,500.
Europe Holiday Gift: Banking Supervisor
December 13 2012 3:48 PM
Key players in the continuing Europe debt saga and financial crisis announced what amounted to Christmastime gifts to Greece and Britain.
S&P Cuts UK AAA Rating Outlook
December 13 2012 3:31 PM
S&P warns there is a one-in-three chance that it will strip the U.K. of its cherished AAA status within the next two years.
UBS To Fork Over $1.5 Billion Because Of Libor Scandal
December 13 2012 2:46 PM
The Swiss bank is expected to announce it will pay a $1.5 billion fine Monday in the Libor scandal.
Fed: 6.5% Unemployment Or Bust
December 12 2012 1:17 PM
The Fed Wednesday announced a new round of monetary easing and, in a historic turn, tied future actions to a numerical jobless target.
Berkshire Hathaway Pays $1.2B For Shares From Estate Of Founder Warren Buffett
December 12 2012 10:15 AM
Berkshire Hathaway's board bought 9,200 of its shares from Warren Buffett's estate for $131,000 per share.
This Week’s Economic Events: Get Ready For ‘QE4’
December 11 2012 8:45 AM
Also this week, China's policymakers are expected to meet on Dec. 12-14 for the annual Central Economic Work Conference (CEWC) to set the policy framework for 2013.
Fed Seen Easing Further As Fiscal Cliff Issue Lingers
December 11 2012 7:16 AM
As U.S. budget talks continue on Capitol Hill, the Federal Reserve is expected to announce a new round of quantitative easing Wednesday.
Megabanks Like Citi, BOA, Barclays, UBS And JPMorgan To Do Well In 2013: Fitch
December 07 2012 1:40 PM
Next year should be a good one for big banks such as Bank of America, Barclays, Citigroup, JPMorgan Chase and UBS.
Draghi: Why You No Love Me?
December 06 2012 12:32 PM
ECB President Draghi faced a hostile reception at a monthly q-and-a session, as the media pressured him on Europe's economic woes.
- Nationwide Hack Affects 1.1 Million Americans
December 06 2012 7:00 AM
The Oct.3 data breach of Nationwide Mutual Insurance Co. that led to attack on computer network and compromise of personal information has resulted in jeopardizing the interests of over 1.1 million people.
HSBC Reported Facing $1.8B Money-Laundering Fine
December 05 2012 9:22 PM
A U.S. probe of money laundering allegations could result in HSBC Holdings PLC (NYSE:HBC) paying a fine of $1.8 billion.