(WASHINGTON)Regulators shut down Houston-based Franklin Bank and Security Pacific Bank in Los Angeles on Friday, bringing the number of failures of federally insured banks this year to 19.READ MORE

(WASHINGTON)Regulators shut down Houston-based Franklin Bank and Security Pacific Bank in Los Angeles on Friday, bringing the number of failures of federally insured banks this year to 19.READ MORE

(WASHINGTON)Regulators on Friday shut down Houston-based Franklin Bank, marking the 18th failure this year of a federally insured bank. The Federal Deposit Insurance Corp. was appointed receiv...READ MORE

(NEW YORK)The sector that will see the most companies added to the Russell 3000 index this year is the financial services sector. That sector will also see the most companies removed, Russel...READ MORE

(NEW YORK)Lewis Ranieri is credited with inventing mortgage-backed securities two decades ago, and recently he sounded warnings about mortgage risks. Yet he couldn't save his own company...READ MORE

(NEW YORK)At least 10 regional banks are likely to need to raise new capital or cut their dividends in the coming year, a JPMorgan Chase & Co. research analyst wrote Monday in a client note....READ MORE