Stories by Marcy Gordon

Wednesday, June 29, 2016

Most major US banks pass Fed's stress tests

WASHINGTON - The Federal Reserve on Wednesday gave the green light to plans by major banks in the U.S. to raise their dividends and buy back shares, judging their financial foundations sturdy ...
By Marcy Gordon

Wednesday, April 6, 2016

Brokers facing stricter rules for providing advice on retirement

The Obama administration has unveiled rules requiring brokers who recommend investments for retirement savers to meet a stricter standard that now applies to investment advisers.
By Marcy Gordon

Wednesday, March 30, 2016

MetLife wins bid to strip 'systemically important' label

WASHINGTON - MetLife has won a major legal challenge to the government's policy for preventing another financial crisis, with a federal judge tossing out its designation by regulators that its ...
By Marcy Gordon

Thursday, Feb. 4, 2016

Drug executive takes the Fifth at Capitol Hill hearing over raised prices

A smirking Martin Shkreli has taken the Fifth at a Capitol Hill hearing when asked about his practice of jacking up drug prices.
By Marcy Gordon

Monday, Feb. 1, 2016

Chipotle E. coli cases appear over, CDC says

Although the CDC closed its investigation, the source of the illness that spread to 14 states is still unknown. Chipotle executives say they might never be able to identify what made people sick.
By Marcy Gordon

Thursday, Nov. 5, 2015

Fannie Mae posts $2B profit for 3Q; paying $2.2B dividend

WASHINGTON — Mortgage giant Fannie Mae reported net income of $2 billion for the July-September period, down from $3.9 billion a year earlier.
By Marcy Gordon

Friday, Oct. 30, 2015

New SEC rules allow startup crowdfunding

WASHINGTON — A new form of crowdfunding is coming soon that will allow startups to raise money by selling stock to Main Street investors.
By Marcy Gordon

Fed looks at way to shift big-bank losses to investors

WASHINGTON — In their latest bid to reduce the chances of future taxpayer bailouts, federal regulators are proposing that the eight biggest U.S. banks build new cushions against losses that would ...
By Marcy Gordon

Thursday, Aug 6, 2015

Fannie Mae posts $4.6B profit in 2Q; paying $4.4B dividend

WASHINGTON — Mortgage giant Fannie Mae reported net income of $4.6 billion from April through June, up from $3.7 billion a year earlier. 
By Marcy Gordon

Tuesday, Aug 4, 2015

SEC rules public companies will have to reveal CEO vs worker pay gap

CEOs make a lot more than the average working Joe or Jane. And in the near future, Americans will find out how big the disparity actually is in publicly traded companies.
By Marcy Gordon

Freddie Mac posts $4.2B profit in 2Q; paying $3.9B dividend

Mortgage giant Freddie Mac posts $4.2B profit in 2Q; paying $3.9B dividend to government.
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
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Augusta man sues city, sheriff officers over alleged tasing
An Augusta man who said he suffered a skull fracture after being tased in jail has filed suit against Augusta and two Richmond County sheriff's officers.