There…
U.S. investigating S&P over mortgages
(Reuters) - The Justice Department is investigating whether Standard & Poor's improperly rated dozens of mortgage securities in the years before the financial crisis, The New York Times…
SEC May Have Destroyed Papers on Bank Probes
The Securities and Exchange Commission may have destroyed documents related to investigations into major banks and hedge funds, according to Sen. Chuck Grassley (R-Iowa). "From what I've seen, it…
Wall Street tumbles on economy, bank worries
(Reuters) - Stocks tumbled more than 4 percent on Thursday after data pointed to a stalled economyand as bank shares sank on a report regulators were scrutinizing the U.S. units of big European…
Fed concerned about European banks' U.S. units
(Reuters) - The Federal Reserve Bank is taking a closer look at the U.S. units of Europe's biggest banks, concerned that a euro zonedebt crisis could spill into the U.S. banking system, the Wall…
S&P Backs French Triple-A Rating
PARIS—A senior Standard & Poor's Corp. analyst Thursday confirmed France's triple-A rating and stable outlook for the country, dispelling investor fears that the top-notch grade of the euro…
Aug. 17…Producer Prices Surge in July as Inflation Fears Ratchet Up
U.S. core producer prices rose at their fastest pace in six months in July, pushed up by higher tobacco and light truck costs, according to a government report on Wednesday that could stoke inflation…
Fed Faces Criticism as Political Season Intensifies
Don't mess with Texas, at least when it comes t0 monetary policy. Rick Perry, the latest entrant into the race for the Republican presidential nomination and already among the frontrunners, fired…