Columns

A Senate panel voted 16-7 in favor of reconfirming Federal Reserve chairman Ben Bernanke, despite the fact that many Americans feel the Fed has waded beyond what is safe in rescuing the markets.

It makes perfect sense that Bank of America is pursuing Robert Kelly, chief executive of Bank of New York Mellon, to replace Ken Lewis as CEO.

It should come as no small surprise that the threat of a downgrade to the US's triple-A rating, which the country has had since World War I, comes at the same time the White House and Congress are allowing TARP mission creep.

Did you know that Wells Fargo (WFC) is running the equivalent of a Bank of America (BAC) in Enron-style, off balance sheet vehicles?

FOX Business has confirmed that Citigroup is in talks with the government over a $15 billion equity offering to pay back $20 billion of its Troubled Asset Relief Program obligations, possibly as early as this week. It is aiming to close out the TARP funding before year-end.

Expect dismal fourth-quarter numbers from Fannie Mae (FNM) and Freddie Mac (FRE), as the Treasury moves to pacify the markets by lifting their total credit facilities beyond $400 billion.

When the housing bubble burst, it flattened investor portfolios across the country. From the start of 2008 to the spring of this year, the economic crisis has knocked $30 trillion off the value of global shares and $11 trillion off the value of homes, says Goldman Sachs.

There's been enough budget tricks to avoid puffing out the deficit in the Senate health care bill to stuff a magician's hat full. But one budgetary piece of legerdemain trumps the rest.

Federal Reserve chairman Ben Bernanke faced withering criticism from Republican senators James Bunning and Richard Shelby, as well as Democratic Senator Christopher Dodd, today at his re-confirmation hearing for another four years as head of the U.S.central bank.

Exclusive: John Mack, who is giving up the reins after a storied and at times controversial career at Morgan Stanley, revealed some surprising facts about himself at a company retirement party.  

The shortened-week between Christmas and New Years is typically a slow one, but a good one, for the stock market.

This is the last full trading week of 2011, and it’s been a good one.

The Dow Industrials are up 2.5% this year, but the Nasdaq and the S&P 500 are lower. Still, there is hope for a Santa Claus rally.

S&P’s warning of a downgrade to the credit ratings of 15 nations in the euro zone will get worse if the European leaders don't hammer out a grand plan by Friday’s big summit in Germany.  Evolution of Europe's Debt Crisis  |  S&P May Cut Rating on Europe's Bailout Facility

The Obama Administration has finally found something it can agree on with the nation’s big banks: The need for the 50 state attorneys general to finally reach a deal to end the year-long investigation into faulty mortgage foreclosure practices and reach a long-awaited settlement, the FOX Business Network has learned.

Exclusive: The mortgage and foreclosure settlement between state attorneys general and the nation's banks is likely to expand outside the top five mortgage servicers.