The U.S. housing market is rebounding faster than expected. The question is, can it last? Home resales in…
Signs of life are emerging but the crisis is far from over.
A former financial adviser has been sentenced to 10 years for bilking clients out of at least $6.5 million in the first fraud case related to the federal bank bailout program.
Deutsche Bank AG has reported a 67 percent rise in second-quarter net profit due to stronger corporate and investment banking and one-time charges that lowered the year-ago results. Shares slumped, however, due to write-downs and a cautious outlook.
Fifth Third Bancorp today posted a profit for the second quarter because of a $1.1 billion gain from the sale of a controlling interest in its processing business.
Florida has settled with Morgan Stanley Capital Group Inc. and a subsidiary, Transmontaigne Product Services Inc., for $2.3 million, resolving a price-gouging investigation into price increases for fuel last September in the aftermath of Hurricane Ike.
Trading information services company Markit Group Ltd., said today it is being investigated by the U.S. Justice Department in relation to the market for credit default swaps.
