WASHINGTON - The Federal Reserve approved plans by major U.S. banks to raise dividends and buy back shares, but gave only conditional approval for Bank of America, citing weaknesses in the bank's planning processes.
COEUR D'ALENE PRESS | UPDATED 10 YEARS, 1 MONTH AGO
WASHINGTON - Former top regulator Timothy Geithner defended terms of the U.S. government's bailout of American International Group Inc., saying Wednesday that the insurance giant's exceptionally risky behavior had caused losses that called for strict treatment.
COEUR D'ALENE PRESS | UPDATED 10 YEARS, 6 MONTHS AGO
WASHINGTON - The Federal Deposit Insurance Corp. has sued 16 big banks that set a key global interest rate, accusing them of fraud and conspiring to keep the rate low to enrich themselves.
COEUR D'ALENE PRESS | UPDATED 11 YEARS, 1 MONTH AGO