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Singapore's Temasek defended its money-losing exit from Bank of America , saying the U.S.-centric bank did not fit its investment criteria and the risk was perceived to be greater than the expected return.

The U.S. Treasury Department said on Thursday it has put another $7.5 billion into auto lender GMAC to enable it to support both Chrysler LLC , and General Motors Corp Corp car buyers and partly meet a shortage of capital.

U.S. banks have been able to raise many billions of dollars in the past few weeks by selling shares to investors, but the jury is still out on whether this is the savviest of smart money -- or just plain dumb.

Treasury secretary Timothy Geithner on Wednesday said major banks have raised $56 billion since the results of the stress tests were released reflecting a need for more capital.

Regions Financial Corp and Fifth Third Bancorp announced plans on Wednesday to sell stock, the eighth and ninth of the 10 large U.S. banks ordered by federal regulators to bolster their finances to announce capital-raising plans.

Bank of America Corp wants to pay back $45 billion in bail-out funds by the end of the year, accelerated by a program to raise capital, the Financial Times reported on its website late on Wednesday.

President Barack Obama was expected to sign into law on Friday a package of sweeping new limits on credit card interest rates and fees that won final approval from the U.S. Congress on Wednesday .

The U.S. Congress on Tuesday sent President Barack Obama a housing rescue bill that aims to save 400,000 homeowners from foreclosure and will spend $2.2 billion on programs to aid the homeless.

Bank of America Corp Chief Executive Kenneth Lewis, whose bank sold $13.47 billion of common stock this month, on Wednesday said the worst of the economic downturn has likely passed and that conditions will not worsen as much as feared.

Bank of America Corp Chief Executive Kenneth Lewis said the worst of the economic downturn has likely passed and conditions will not worsen as much as feared, a day after his bank raised $13.47 billion in a common stock offering, .

JPMorgan Chase & Co and several other banks eager to escape the restrictions and stigma linked to government bailout funds may get the chance to do so in the next few weeks.

Bank of America Corp raised $13.47 billion through a share sale, marking a major step toward meeting the U.S. government's requirements for capital-raising following the recent stress testing of the bank.

JPMorgan Chase & Co and several other banks eager to escape the restrictions and stigma linked to government bailout funds may get the chance to do so in the next few weeks.

Stocks rose on Monday as solid results from the No. 2 U.S. home improvement retailer, Lowe's Cos Inc , fueled hopes the recession was easing and consumer spending stabilizing.

U.S. stocks rose on light volume on Monday as a better-than-expected quarterly profit and upbeat outlook from Lowe's Cos Inc , the No. 2 U.S. home improvement retailer, fueled hopes the economic slump was easing and spending was stabilizing.

Stocks rose on Monday as a solid quarterly profit and raised forecast from Lowe's Cos Inc , the No. 2 U.S. home improvement retailer, fueled hopes the economic slump was easing and spending was stabilizing.

Stocks headed for a higher open on Monday as stronger-than-expected quarterly results from No. 2 U.S. home improvement chain Lowe's Cos Inc boosted hopes the recession was abating and spending was stabilizing.

Bank managers need to be evaluated to see if they are doing a good job and consideration needs to be given about possibly better qualified individuals to run the institutions, FDIC chief Sheila Bair told Bloomberg.

U.S. officials have urged Bank of America Corp to revamp its board and bring in directors with more banking experience, the Wall Street Journal said.

Singapore's Temasek sold its 3 percent stake in Bank of America in the first quarter of this year, taking a loss of around $3 billion in the process, as the state investor refocuses on emerging markets.

Stock index futures pointed to a lower open on Friday ahead of consumer price data, while some financial shares rose on news that four insurers can tap government bailout money.

U.S. Federal Officials have urged banking giant Bank of America Corp to revamp its board and bring in directors with more banking experience, the Wall Street Journal said.

U.S. regulators have recommended filing a civil fraud suit against Countrywide Financial co-founder Angelo Mozilo for insider trading, the Wall Street Journal reported on Wednesday.

A group of major banks including Citigroup Inc , JPMorgan Chase & Co and Barclays Plc has sued MBIA Inc , charging that the bond insurer illegally restructured its operations by moving $5 billion of assets and leaving a key unit effectively insolvent.

U.S. regulators have recommended filing a civil fraud suit against Countrywide Financial co-founder Angelo Mozilo for insider trading, the Wall Street Journal reported on Wednesday.

A day after saying big U.S. banks probably needed to raise only one-fourth the capital demanded by the government, Standard & Poor's said the nation's banking crisis has merely entered a new phase and might not end before 2013.

Several large U.S. banks undertook big capital-raising efforts on Tuesday, hoping to satisfy regulators who want bigger cushions against a deep recession, or proof that they have enough of a buffer already.

Several large U.S. banks undertook big capital-raising efforts on Tuesday, hoping to satisfy regulators who want to see a bigger cushion against a deep recession, or proof that they have enough of a buffer already.

Citigroup Inc said on Tuesday that the committee overseeing its use of $45 billion of taxpayer money had approved the use of nearly all of that sum to make loans.