Former Fed Chairman Volcker calls for overhaul of financial oversight system.
...most of the costs of the settlement with the FDIC, the Consumer Financial Protection Bureau and the Office of Comptroller of the Currency.? Associated Press
WASHINGTON - The financial penalty is staggering. JPMorgan Chase & Co. will pay $920 million for trading losses that shook the financial world last year.
MILWAUKEE - A virus never before seen in the U.S. has killed millions of baby pigs in less than a year, and with little known about how it spreads or how to stop it, it's threatening pork production and pushing up prices by 10 percent or more.
The European Central Bank withheld the stimulus of an interest rate cut Wednesday, keeping up the pressure on eurozone politicians to take decisive action - even as growth predictions worsened and fears intensified that Spain may need help bailing out its banks.
Raising pressure on banks, the Federal Reserve is wading into the investigation of whether mortgage lenders cut corners and used flawed documents to foreclose on homes.
...who will benefit, and that they will benefit more quickly and in a more direct manner," Thomas Curry, the comptroller of the currency, said in a statement.Charles Wanless, a homeowner in the Florida Panhandle, is among those who question...
The Agriculture Department will require many meat labels to include the number of calories and other nutritional information starting in 2012 so that consumers can make healthier decisions about what they eat.
WASHINGTON - Two former high-ranking executives at JPMorgan Chase faced tough questions from senators Friday about why the bank played down risks and hid losses from regulators when it was losing billions of dollars.
WASHINGTON --- The federal government on Wednesday ordered 16 of the nation's largest mortgage lenders and servicers to reimburse homeowners who were improperly foreclosed upon.