The Federal Deposit Insurance Corp sued 11 former executives and directors of a failed bank as it works to recover as much as $2 billion suffered by one of its funds during the financial crisis.
The FDIC filed the lawsuit in the U.S. District Court of…
A federal judge refused a request by Fabrice Tourre of Goldman Sachs (GS) to dismiss an SEC fraud lawsuit, months after Goldman settled its part in the case for $550 million.
The lawsuit accused Goldman of creating collateralized debt obligations (CD…
Banks’ losses from buying back bad mortgages won’t be as bad as previously expected, according to analysts at JPMorgan Chase, who estimate those repurchases will cost about 25% less than previously forecast.
Co…
September’s unexpected 0.5% increase in construction spending was tempered somewhat by the fact that August’s tally was revised downward, dropping considerably from the initially estimated 0.4% spending gain to a 0.2% decrease.
A Bloomberg survey had …
Wilmington Trust shares plummeted 44% in morning trading Monday as the struggling East coast institution announced M&T Bank would acquire the company in a stock transaction valued at $351 million.
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