Banking News

UBS agrees to pay $160 million in muni bond settlement

21:54:00 | 04/05/2011 - Source: Cleveland.com

Switzerland's biggest bank UBS AG has agreed to pay $160 million to settle charges that it rigged the bidding process for investment contracts with cities and towns in 36 states.

Wells Fargo CEO hears from angry America at annual meeting

17:39:12 | 04/05/2011 - Source: American City Business Journals

Wells Fargo & Co. 's annual meeting routinely draws protesters and shareholders advocating a range of social issues.

Spring homebuyers facing possible bidding wars

13:19:39 | 04/05/2011 - Source: Canada.com

Spring is here, and for some that means the hunt is on for a new home. What they might find themselves involved in, however, is a bidding war.

House prices drop by 0.2% in April

09:05:02 | 04/05/2011 - Source: Romsey Advertiser

House prices resumed their downward trend during April as the property market remained volatile, new figures show.

People getting fed up with the Fed

04:50:29 | 04/05/2011 - Source: The Albany Herald

When people in Washington start creating fancy new phrases, instead of using plain English, you know they are doing something they don't want us to understand.

US stocks dip

02:45:38 | 04/05/2011 - Source: Independent Online

Global stocks mostly slipped Tuesday as investors fretted about potential terrorist attacks following the death of Osama bin Laden and higher interest rates after India's central bank lifted borrowing costs again to fight inflation.

Police Check Suspicious Backpack At Downtowna s Criminal Courthouse

22:36:04 | 03/05/2011 - Source: KCBS-TV Los Angeles

Los Angeles police are investigating a backpack that was found in front of the downtown criminal courts building.

Feds sue Deutsche Bank, alleging mortgage fraud

17:16:38 | 03/05/2011 - Source: GoErie

The federal government has sued Deutsche Bank. It alleges the bank committed mortgage fraud by repeatedly lying so that it could join a government program that insured mortgages.

Year after Greek bailout, EU ponders rejigged package

17:16:37 | 03/05/2011 - Source: WNWN-FM Battle Creek

An influential member of Germany's governing coalition backed the possibility on Tuesday of easing the terms of Greece's euro zone bailout, a move that might help Athens better weather the debt crisis.

RBA leaves cash rate steady

13:12:13 | 03/05/2011 - Source: The Northern Rivers Echo

THE Reserve Bank of Australia has decided to keep the cash rate steady at 4.75 per cent at its regular monthly board meeting on Tuesday.

Wells Fargo opens commercial banking office

08:57:29 | 03/05/2011 - Source: NOLA.com

Wells Fargo & Co. opened a commercial banking office in New Orleans Monday to serve mid-sized businesses and large corporations in Louisiana after serving corporate and energy clients out of its Birmingham, Ala., office for many years.

Insight Communications first-round bids due by mid-May: sources

05:47:48 | 03/05/2011 - Source: WPMT-TV York

Insight Communications Co, controlled by The Carlyle Group, is expected to receive first-round bids over the next two weeks as part of its sale process, three sources familiar with the situation said.

Credit card executives see sunny days ahead

01:33:12 | 03/05/2011 - Source: WNFL-AM Green Bay

For the first time in years, credit card executives are looking beyond the losses of the financial crisis -- and they're even losing less sleep over the prospect of tighter government oversight.

Nasdaq and ICE going hostile in bid for NYSE

21:33:40 | 02/05/2011 - Source: WNWN-FM Battle Creek

Nasdaq OMX Group and IntercontinentalExchange Inc will take their $11.1 billion takeover bid for NYSE Euronext straight to the exchange operator's shareholders with a tender offer.

3 Distinct Tornadoes Struck Greene County

17:24:03 | 02/05/2011 - Source: Greeneville Sun

BY RICH JONES ASSISTANT MANAGING EDITOR National Weather Service survey teams working in Greene County over the weekend have determined that three separate tornadoes touched down here late Wednesday.