Wrong Number: Mayo Not Shut Out of BofA Earnings Call
Analyst Mike Mayo issued a note claiming Bank of America had shut him out of its earnings conference call, but sources say Mayo didn't call the special line reserved for analysts.
Steve Wynn Unbound
Once again, Steve Wynn didn’t hold back as he discussed the state of the U.S. economy, the President’s handling of economic issues and the Occupy Wall Street protest movement on Wynn Resorts' third-quarter earnings call with analysts.
Mayo Concedes He Dialed Wrong Number
Banking analyst Mike Mayo is now privately conceding that a wrong number was dialed last week that made it impossible for him to participate in a BofA conference call for analysts.
The Treasury Bank Behind Solyndra -- And Mortgage Bailouts
The Federal Financing Bank has been abused by federal agencies to finance pet projects.
BofA Plays Defense Over Debit Card Fees
Exclusive: Bank of America has launched a lobbying effort to defuse a PR firestorm over its decision to charge customers debit-card fees.
Banks Launch Internal Reviews to Prevent Rogue Trading
Fallout from the UBS rogue-trading scandal has prompted U.S. banks to launch probes of their compliance procedures that monitor trading activities.
Foreclosure Settlement Imminent, Bank Sources Say
Sources at Citigroup and Bank of America tell FOX Business that a potential $20 billion settlement could come as early as this week or next over improper mortgage practices and robosigning. A number of sticking points could still hang up the deal, these sources add.
Exclusive: Congress Plans Hearings on Volcker Rule
Congressional leaders plan to hold hearings on one of the more controversial parts of the Dodd-Frank financial reform known as the Volcker Rule.
CEO Confidence Declines Again, At Two-Year Low
The Conference Board’s measure of chief executive confidence declined further in the third quarter.
Dept. of Energy's SunPower Loan Guarantee Under Fire
Here’s why people should be outraged at yet another Dept. of Energy guaranteed loan to a solar company.
Bank Failures to Drain $19 Billion From FDIC Through 2015
The Federal Deposit Insurance Corporation's fund covering deposits in bank failures will lose another $19 billion from 2011 through 2015.
Dept. of Energy's SunPower Loan Guarantee Under Fire
Here’s why people should be outraged at yet another Dept. of Energy guaranteed loan to a solar company.
The Solyndra Bankruptcy
The failed solar company which got $528 million in guaranteed loans from the government wants to fast-track the bankruptcy auction of its assets. But will US taxpayers get all of their money back--given that scared buyers need more time to see what’s there?
The Solyndra Bankruptcy
The failed solar company which got $528 million in guaranteed loans from the government wants to fast-track the bankruptcy auction of its assets. But will US taxpayers get all of their money back--given that scared buyers need more time to see what’s there?
Nasdaq, ICE Talks Cool, But Joint Bid for NYSE Still on the Table
It appears less likely that a merger between Nasdaq OMX Group and IntercontinentalExchange Inc. will get done, but a combined bid for NYSE Euronext is still being discussed.
EXCLUSIVE: 'Robo Signing' Settlement Hits a Snag
State attorneys general are having difficulty agreeing on a settlement for the big banks involved in the so-called robo-signing of foreclosures.
Congress Wants to Hear from Meredith Whitney on Muni Call
A congressional subcommittee investigating the recent implosion of the $3 trillion municipal bond market wants analyst Meredith Whitney to come clean and explain her doomsday prediction of hundreds of billions of dollars in muni defaults over the next year.
Senator Moves to Stop Federal Pay Abuse
Senator Susan Collins, Ranking Member of the Senate Homeland Security and Governmental Affairs Committee, this week introduced a bill to stop what the Republican from Maine says are "the costly and escalating abuses of the federal workers' compensation system."
JetBlue Goes High Tech
The U.S. Department of Transportation’s Federal Aviation Administration (FAA) and JetBlue have signed a NextGen deal that will let the budget airline fly more precise, satellite-based flights from Boston and New York to Florida and the Caribbean beginning in 2012.
Hate Your Boss? Call the Government
The White House has launched a new program to refer workers who have complaints about their bosses to the American Bar Association, where they can get a lawyer to work on their case on a contingency fee basis.