Banks, Bank Bailout | featured news

Banks collecting billions of dollars in federal bailout money sought government permission to bring thousands of foreign workers to the U.S. for high-paying jobs, according to an Associated Press review of visa applications.

At least 50 banks have rejected funds from the Treasury over concerns that tougher restrictions may be imposed.

At banks that are receiving federal bailout money nearly nine out of every 10 of the most senior executives from 2006 are still on the job, according to an Associated Press analysis of  documents.

Wall Street is losing faith in Washington's efforts to fix the financial crisis.

Renewed worries about the health of the financial sector sent the broader stock market lower on Tuesday.

HONG KONG — Asian stocks rebounded today from the previous day's rout, with Tokyo's index gaining nearly 3 percent, as the U.S. bailed out Bank of America again and a weaker yen lifted exporters like Toyota Motor Corp.

Escalating credit losses drove Bank of America Corp. to report a fourth-quarter loss and slash its quarterly dividend to a penny on Friday, hours after receiving a multibillion-dollar lifeline from the federal government.