Consumer watchdog on a shorter leashTuesday, July 19, 2011 @ 8:16AMAgency's powers curbed awaiting Senate approval of new director nominee The federal government's new agency to protect consumers from financial fraud opens Thursday with a new director nominee on deck, but it won't be quite the aggressive watchdog promised a year ago.
Nordea reports fall in profitsTuesday, July 19, 2011 @ 7:13AMSwedish-Finnish bank Nordea on Tuesday reported a 6 percent drop in net profits for the second quarter 2011, saying that improvements in banking activity had not compensated for a drop off in investments.
Bank of America Reports $8.8 Billion LossTuesday, July 19, 2011 @ 6:18AMStory updated with additional information. The bank reported a net loss of $8.8 billion, or 90 cents a share. Analysts expected a loss of 90 cents per share. Excluding mortgages, net income was $3.7 billion, or 33 cents per share The bank closed trading Monday at $9.72. NEW YORK (TheStreet) -- Bank of America earnings continued to bleed from its mortgage operations in the second quarter. The ...
Negative Interest Rates, Euro Disintegration, Fuel Gold's Historic RallyMonday, July 18, 2011 @ 1:16PMThe Federal Reserve has just ended its $600-billion Treasury bond-buying program, known as QE-2, and already, traders are trying to figure what new tricks the Fed might in the months ahead, in order counter a significant correction in the US-stock market in the second half of 2011. Including QE-1 and QE-2, the Fed pumped $2.35-trillion into the coffers of the Wall Street Oligarchs.
Banks ramping up use of mobile technologySunday, July 17, 2011 @ 11:13PMIt looks like 2011 will bring a significant increase in the number of Connecticut banks offering mobile banking technology.