The Federal Reserve said that Ally Financial Inc.'s GMAC Mortgage will pay a total of USD 230 million to borrowers as settlement for handling foreclosures improperly.
Finance/Venture
U.S. Government battles insider trading to level investment playing field
The U.S. government cracks into the insider trading world by weeding out suspects one by one but is it enough?
Obama, likely to postpone Federal Reserve Chairman appointment until fall
President Barack Obama remains undecided on Federal Reserve chairman pick and will most likely extend consideration of the matter until the fall.
Dexia wants to avoid further capital injection
Dexia CEO Karel De Boeck said he wants to avoid further capital injection from taxpayers. CEO of Dexia Karel De Boeck said he does not want any more capital boost.
Cohen Hedge Fund pleads not guilty; SAC Re's future reconsidered
Billionaire Steven Cohen's hedge fund pleaded not guilty to five separate criminal charges in federal court.
Latest News
SAC Capital Advisors' CEO Steven A. Cohen's lawyers will contend he does not have time to look into each of his employees activities to argue his lack of liability over a civil complaint.
JPMorgan announced that it will no longer be trading in physical commodities. JPMorgan Chase & Co announced that it will no longer be trading in physical commodities.
Local governments that filed for Chapter 9 did not exactly have happy endings. Detroit officials may be hopeful that their Chapter 9 bankruptcy filing will ultimately strengthen their economy, but history has shown otherwise.
President Francois Hollande to face challenges in reform programs for France's pension system. French President Francois Hollande may manage a lightweight reform regarding the country's indebted pension system.
After a sleepy first half this year, capital goods spending arose last month, bolstering hopes of faster economic growth.
Swiss banking giant UBS settled with the US Federal Housing Finance Agency to pay USD 885 million to Fannie Mae and Freddie Mac.
The recent cyber attack on Regions Bank provides a new opportunity for venture capitalists. Regions Bank was attacked Friday, leading customers confused and worried.
Japanese Prime Minister Shinzo Abe to maintain his platform "Abenomics" to push progress in the world's third largest economy.
Regions Bank was “attacked” Friday and it is not clear who will pay the losses. Regions Bank experienced a "Distributed Denial of Service" (DDoS) attack.
