Financial Service Industry News

De Molina Leaves GMAC CEO Post

By Michael Baron

• Tickers in this article:
• BAC
• C

Alvaro de Molina abruptly resigned as CEO of GMAC Financial Services, fueling speculation he could be moving to the front of the line of candidates to assume the top job at Bank of America.

11/16/09 - 05:28 PM EST

Frank Floats Loan Plan For Unemployed Homeowners

By The Associated Press

Frank floats plan to give TARP-related loans to unemployed homeowners who can't pay mortgage

11/16/09 - 03:01 PM EST

TD Ameritrade Shares Reach New High

By Michael Baron

• Tickers in this article:
• AMTD
• ETFC

TD Ameritrade shares climbed to a new 52-week high after the company reported strong client trading activity in October and got a vote of confidence from Moody's.

11/16/09 - 02:54 PM EST

Redwood Trust Names Diane L. Merdian As CFO

By The Associated Press

• Tickers in this article:
• RWT

Redwood Trust names Diane L. Merdian chief financial officer, effective in March

11/16/09 - 01:59 PM EST

Financial ETFs for Playing M&A Wave

By Michael Johnston

• Tickers in this article:
• BRKA
• C
• GS
• IYF
• IYG
• MS

Four ETFs offer a range of exposure to the giant investment banks.

11/16/09 - 12:24 PM EST

GE Deals Smartly With Uncle Sam

By Dan Freed

• Tickers in this article:
• AIG
• BAC
• C
• CITG.PK
• GE
• GS

General Electric has been deft in the handling of its dealings with the federal government, a contrast to a number of other large U.S. corporations.

11/16/09 - 11:25 AM EST

TARP's Fate Coming Up for Debate

By Lauren Tara LaCapra

• Tickers in this article:
• BAC
• C
• GS
• JPM
• MS
• WFC

With the bailout program's expiration drawing near, and hundreds of billions of dollars' worth of unused funds, the government is once again encountering the question, What to do about TARP?

11/16/09 - 09:33 AM EST

China Bank Deal Might Have Saved $1.7B

By Dan Freed

• Tickers in this article:
• BAC
• C
• CATY
• EWBC
• UCBH
• USB

U.S. regulators reportedly spurned an offer by a China-based bank to acquire UCBH Holdings, which later failed, costing taxpayers an estimated $1.7 billion.

11/16/09 - 08:59 AM EST

JPMorgan in Talks to Buy Out British Broker

By TheStreet Staff

• Tickers in this article:
• JPM

JPMorgan Chase is in talks to buy out its remaining stake in British stockbroker Cazenove, a report says.

11/16/09 - 02:10 AM EST

Stocks Market Only As Strong As Latest Data

By The Associated Press

• Tickers in this article:
• ANF
• HD
• JPM
• TGT
• TJX
• WMT

Investors varying view on the economic recovery is pushing market into more volatile period

11/15/09 - 03:51 PM EST

Mitsubishi UFJ Ponders Stock Sale

By TSC Staff

Japan's Largest Bank reportedly is considering raising $11 billion in fresh capital by selling common shares.

11/15/09 - 02:15 PM EST

Two Banks, One Thrift Fail Friday

By Philip van Doorn

• Tickers in this article:
• IBKC

The year's tally of failed U.S. banks and thrifts rises to 123.

11/14/09 - 11:54 AM EST