Vikram Pandit, who steered Citigroup through the 2008 financial crisis and the choppy years that followed, abruptly left the bank on Tuesday, stepping down as CEO and as a director.
COEUR D'ALENE PRESS | UPDATED 12 YEARS, 1 MONTH AGO
WASHINGTON - The Obama administration's consumer watchdog agency flexed its enforcement muscles for the first time Wednesday and ordered Capital One Bank to repay millions of credit card customers allegedly tricked into buying costly add-on services.
COEUR D'ALENE PRESS | UPDATED 12 YEARS, 4 MONTHS AGO
Crisis-weary investors scoffed Monday at what had appeared to be a hopeful turn in the European debt crisis: a victory for pro-Europe parties in a Greek election. U.S. stocks were little changed, and borrowing costs for Spain surged to alarming levels.
COEUR D'ALENE PRESS | UPDATED 12 YEARS, 5 MONTHS AGO
Fearing a financial rupture in Europe, investors around the world fled from risk Wednesday. They punished stocks and the euro and flocked to bonds, driving the yield on the benchmark 10-year U.S. Treasury note to its lowest point since World War II.
COEUR D'ALENE PRESS | UPDATED 12 YEARS, 5 MONTHS AGO
WASHINGTON - As many as 900 colleges are pushing students into using payment cards that carry hefty costs, sometimes even to get to their financial aid money, according to a report released Wednesday by a public interest group.
COEUR D'ALENE PRESS | UPDATED 12 YEARS, 5 MONTHS AGO
The young banker whose dramatic public resignation stung Goldman Sachs this week joins officials from every corner of the government in questioning whether the august investment house deals honestly with all its clients.
COEUR D'ALENE PRESS | UPDATED 12 YEARS, 8 MONTHS AGO
Optimism about a European debt-crisis summit this week rose and fell on Wednesday, but U.S. stock indexes barely budged. The Dow Jones industrial average closed 46 points higher; the Nasdaq composite index fell a fraction of a point.
COEUR D'ALENE PRESS | UPDATED 12 YEARS, 11 MONTHS AGO
Europe's spreading debt woes and slower manufacturing in China pushed stocks sharply lower Wednesday. The Dow Jones industrial average fell 200 points in afternoon trading.
COEUR D'ALENE PRESS | UPDATED 12 YEARS, 11 MONTHS AGO
A broad rally swept through the stock market Friday after McDonald's and several other large companies reported solid earnings. The Standard & Poor's 500 index closed higher for the third straight week, its best run since February, as hope builds that a weekend meeting will bring European leaders closer to …
WASHINGTON - Investors got a chance this week to weigh in on the government's odds of recouping the full $182 billion bailout of American International Group Inc.
COEUR D'ALENE PRESS | UPDATED 13 YEARS, 5 MONTHS AGO
WASHINGTON - Treasury Secretary Timothy Geithner has decided to let companies continue to trade certain contracts used to guard against swings in currency values outside regulators' view.
COEUR D'ALENE PRESS | UPDATED 13 YEARS, 6 MONTHS AGO
WASHINGTON - The Obama administration wants to shrink the government's role in the mortgage system - a proposal that would remake decades of federal policy aimed at getting Americans to buy homes and would probably make home loans more expensive across the board.
COEUR D'ALENE PRESS | UPDATED 13 YEARS, 9 MONTHS AGO
WASHINGTON - Top forecasters say the economy will grow this year and next at a slower pace than previously thought, weakened by governments and consumers spending less so they can pay down debt.
COEUR D'ALENE PRESS | UPDATED 14 YEARS, 1 MONTH AGO
WASHINGTON - Lawmakers rewriting financial regulations took aim Friday at credit rating agencies, whose analysts often gave safe ratings to risky investments that fueled the financial crisis.
COEUR D'ALENE PRESS | UPDATED 14 YEARS, 6 MONTHS AGO