Stories by Marcy Gordon

Monday, July 20, 2015

Fed orders top 8 banks to hold extra capital

Federal regulators are directing the eight biggest U.S. banks to hold capital at levels above industry requirements to cushion against unexpected losses and reduce the chances of future taxpayer ...
By Marcy Gordon

Monday, June 15, 2015

Judge's ruling in AIG bailout says it was in part punitive

A federal judge handed a partial victory to the former CEO of American International Group, who claimed the government's bailout of the insurance giant in the heat of the financial crisis was ...
By Marcy Gordon

Friday, June 5, 2015

Yellen denies some documents to House leak investigator

WASHINGTON - Federal Re­ser­ve Chairwoman Janet Yellen is balking at turning over some of the documents ordered by a key House lawmaker in his investigation of a possible leak of ...
By Marcy Gordon

Wednesday, May 27, 2015

US bank earnings up 6.9 percent in Q1

WASHINGTON — U.S. banks’ earnings rose 6.9 percent in the first quarter from a year earlier as revenues increased, delinquent loans continued to fall and the number of “problem” banks reached a ...
By Marcy Gordon

Tuesday, May 5, 2015

Freddie Mac posts $524M profit in 1Q; paying $746M dividend

Mortgage giant Freddie Mac posts $524M profit in 1Q; paying $746M dividend to government.
By Marcy Gordon

Monday, April 20, 2015

Volcker says US bank oversight ineffective, seeks overhaul

Former Fed Chairman Volcker calls for overhaul of financial oversight system.
By Marcy Gordon

Friday, Dec. 19, 2014

T-Mobile settles 'cramming' case

T-Mobile US will pay at least $90 million, mostly in refunds, for billing customers for cellphone text services they didn't order, under a settlement with federal regulators.
By Marcy Gordon

Tuesday, Dec. 9, 2014

Fed proposing big US banks boost capital cushions

Federal Reserve proposing 8 biggest US banks boost capital cushions; goal is to cut risk.
By Marcy Gordon

Friday, Oct. 17, 2014

Plan to tighten security for debit cards used for federal benefits

WASHINGTON - Saying more must be done to stop data breaches affecting consumers, President Barack Obama announced on Friday a plan to tighten security for the debit cards that transmit federal ...
By Marcy Gordon

Wednesday, Sept. 24, 2014

Treasury still approving 'excessive' pay raises for top executives

WASHINGTON - The U.S. Treasury Department continued to approve "excessive" pay raises for top executives at General Motors and its former consumer finance arm, both of which received ...
By Marcy Gordon

Wednesday, Aug 27, 2014

SEC adopts rules on loan-backed securities

WASHINGTON - Financial firms that sell securities backed by loans, such as the kind that fueled the financial crisis, will have to give investors details on the borrowers under action taken by ...
By Marcy Gordon

Thursday, Aug 7, 2014

Fannie, Freddie post profits in 2Q; pay dividends

WASHINGTON — Government-controlled mortgage companies Fannie Mae and Freddie Mac posted profits for the April-June period as the U.S. housing market continued to recover.
By Marcy Gordon

Thursday, July 17, 2014

Senators call for GM to fire top lawyer

WASHINGTON - Lawmakers on Thursday demanded General Motors fire its chief lawyer and open its compensation plan to more potential victims as a Senate subcommittee delved deeper into GM's problems.
By Marcy Gordon

Wednesday, June 18, 2014

GM's response under scrutiny in Washington

WASHINGTON - Law­makers expressed disbelief Wednesday at General Motors' explanation for why it took 11 years to recall millions of small cars with defective ignition switches.
By Marcy Gordon

Wednesday, May 28, 2014

US bank earnings decline 7.7 percent in first quarter

WASHINGTON - U.S. banks' earnings declined 7.7 percent in the January-March quarter from a year earlier, as higher interest rates dampened demand for mortgage refinancing and reduced banks' ...
By Marcy Gordon

Tuesday, April 8, 2014

Regulators push for stronger bank capital

MILWAUKEE - A virus never before seen in the U.S. has killed millions of baby pigs in less than a year, and with little known about how it spreads or how to stop it, it's threatening pork ...
By Marcy Gordon

Wednesday, March 26, 2014

Federal Reserve bars Citigroup, 4 other big banks from moves

WASHINGTON - Citigroup cannot raise its dividend or buy back its own stock because it needs better plans to cope with a severe recession, the Federal Reserve ruled Wednesday, a disappointing ...
By Marcy Gordon

Friday, March 21, 2014

U.S. appeals court upholds Fed's cap on 'swipe' fees

WASHINGTON - A federal appeals court has handed a defeat to a coalition of retail groups that challenged as too high the Federal Reserve's cap on how much banks can charge businesses for handling ...
By Marcy Gordon

Thursday, March 20, 2014

Nearly all major US banks pass Fed 'stress tests'

WASHINGTON - All but one of the nation's 30 largest banks are better able to withstand a severe U.S. recession and global downturn than at any time since the financial crisis, the Federal Reserve ...
By Marcy Gordon

Friday, March 14, 2014

FDIC suit says 16 big banks rigged key rate

The Federal Deposit Insurance Corp. has sued 16 big banks that set a key global interest rate, accusing them of fraud and conspiring to keep the rate low to enrich themselves.
By Marcy Gordon
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