Federal Reserve Chairman Ben Bernanke believes state and local governments ought to "revisit" their plans for building reserves against fiscal stress.
MetLife granted AIG approval to sell a big chunk of its common stock and will offer another round on its own to finalize the Alico transaction and hasten AIG's repayment of bailout funds.
Andrew Liveris informed Citi Chairman Dick Parsons that he will not stand for re-election at the bank's annual meeting in April.
Bank stocks were getting hit by ongoing legal woes, as well as signs that oil prices might hold back the nascent economic recovery.
JPMorgan Chase is reportedly leading yet another effort to provide financing for the New York Mets as the overleveraged, Ponzi-schemed baseball team's owner seeks to shore up its balance sheet.
JPMorgan Chase said in a regulatory filing that it's defending itself against more than 10,000 legal proceedings and may be $4.5 billion short of reserves needed to cover those costs.
Wells Fargo's board granted five top executives $35 million worth of restricted stock, but recently departed CFO Howard Atkins wasn't one of them.
CSLA analyst Mike Mayo questions whether Citigroup management may have violated federal accounting rules by signing off on its 2007 report and not disclosing regulators' concerns.
Berkshire Hathawa shares were touching new 52-week highs on Monday after Stifel Nicolaus upgraded the stock to hold from sell.
S&P downgraded AIG's Chartis subsidiary but lifted the outlook for AIG, saying the firm will build upon improvements since its bailout - particularly at its SunAmerica division.