UNITED STATES

Panel says regulators sparred while WaMu burned

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In the summer of 2008, just months before giant mortgage lender Washington Mutual Bank flamed out and became the biggest bank failure in U.S. history, the thrift's regulators were squabbling over its financial condition.
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Fewer Americans falling behind on credit cards

Credit card delinquency rates fell last month at most major U.S. lenders, with the exception of Citigroup Inc, in the latest sign that Americans are starting to climb out of the recession.
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Mortgage rates fall for 1st time in 5 weeks

U.S. mortgage rates have fallen for the first time in five weeks, retreating from an eight-month high and remaining near historically low levels, a closely watched mortgage survey showed on Thursday.
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U.S. auto safety regulator to test Lexus SUV

U.S. regulators will run safety tests on a new Lexus SUV and take action if the Toyota Motor Corp vehicle does not meet government standards, the top U.S. auto safety official said on Thursday.
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Fed's Bullard: no timeframe on low rate pledge

The Federal Reserve's pledge to keep interest rates low for an extended period should reflect more conditionality on the state of the economy, a top official of the U.S. central bank said on Thursday.
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How to Volunteer at an Animal Shelter Abroad

One item that won't fit in your backpack or your carry-on when you're trekking through numerous countries is the pet you're leaving back home. If you're missing your little loved one or just looking for a way to help animals around the world, an optimal option is to volunteer at an animal shelter while traveling abroad.
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Schwab profit drops, says worst has now passed

Sluggish trading and low interest rates led to a 45 percent drop in profit at Charles Schwab Corp , matching its own worst-case-scenario forecast, but the brokerage said the worst has passed.
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Quadrangle, Cuomo in kickback accord; Rattner eyed

Private equity firm Quadrangle Group LLC settled its part of a long-running pay-to-play probe involving the state's $129.4 billion pension fund, but the accord excludes co-founder Steve Rattner, who remains under scrutiny.
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Quadrangle deal revives plans for new fund-source

Private equity firm Quadrangle Group is to spend the coming months laying the groundwork for raising a new fund, now that a long-running pay-to-play probe has been settled, a source familiar with the situation said on Thursday.
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Home builder confidence rises in April

U.S. home-builder sentiment rose faster than expected to a seven-month high in April as consumers rushed to take advantage of the home buyer tax credit, the National Association of Home Builders said on Thursday.
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Regulator warns on future bank stress tests

The regulator for the largest U.S. banks warned on Thursday against using industry-wide stress tests as a cornerstone of bank supervision going forward -- a view that diverges from a top Federal Reserve official.
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Fed best placed to prevent future crises: Bullard

The U.S. Federal Reserve's political independence may make it better suited than a council of regulators to spot and act upon behavior that could threaten the entire financial system, a senior Federal Reserve official said on Thursday.
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Seven UBS clients charged with tax evasion

Seven former U.S. clients of UBS AG were charged with failing to pay taxes for assets held offshore in Swiss accounts, with one attempting to evade tax on $20 million, according to court documents on Thursday.
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Apache dives deep in Gulf with Mariner buy

Apache Corp said it will buy oil and natural gas explorer Mariner Energy Inc for $2.7 billion, diving into the deepwater Gulf of Mexico with its second major acquisition this week.
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Quadrangle in pay-to-pay accord, Cuomo eyes Rattner

Private equity firm Quadrangle Group LLC settled its part of a long-running pay-to-pay probe involving the state's $129.4 billion pension fund, but the accord excludes co-founder Steve Rattner, who remains under scrutiny.
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Market near flat; UPS drives transports higher

U.S. stocks were little changed on Thursday as an upbeat profit forecast from United Parcel Service pushed up transportation shares, offsetting concerns about a rise in weekly jobless claims.
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Fed will not monetize deficit: Fisher

The U.S. Federal Reserve has made clear it will not monetize federal budget deficits by printing money, a senior U.S. Federal Reserve official said on Thursday.
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Foreclosures drop 2nd straight month in February

U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a report released on Thursday showed.
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Wall Street higher as UPS, transports offset Greece

U.S. stocks edged higher on Thursday as a strong profit forecast from United Parcel Service Inc propelled transportation shares, offsetting worries that debt-plagued Greece was ready to use an emergency bailout package.

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