Topic: Banking Services
Govt rewarded bank auditors with big bonuses
AP News
As banks binged on risky mortgages, govt rewarded regulators with taxpayer-funded bonusesAs banks gambled on the risky mortgages that helped create the worst financial crisis in generations, the U.S. government handed out millions of dollars in bonuses to regulators at agencies that missed or ignored warning signs that the ...
FTSE 100 shares in the red
AFP European Edition
FTSE 100 shares ended in the red at the close of trade on Thursday as investors took profits and digested economic data including a larger-than-expected eurozone trade deficit. London's benchmark index slipped 0.04 percent to close at 5,642.62 points. Lloyds Banking Group (LBG) was the most ...
Bank regulators may extend crisis-era guarantee
Reuters US Online Report Business News
WASHINGTON (Reuters) - U.S. bank regulators may extend a guarantee program set up at the peak of the financial crisis, fearing that ending the program could spark liquidity failures at small banks. Sheila Bair, chairman of the Federal Deposit Insurance Corp, said on Thursday that the agency is considering extending ...
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