Bailouts, Financial Industry | featured news

President Barack Obama singled out financial institutions for causing much of the economic tailspin and criticized their opposition to tighter federal oversight of their industry....

Federal regulators involved in the rescue of insurer AIG may have overpaid other banks when cutting a deal, a report says.

Uncertainty of working for companies closely overseen by Washington drives many away.

AP - Morgan Stanley said Wednesday it lost more than $1.2 billion in the second quarter as it took charges to cover continuing losses in its real estate investments and its repayment of government bailout money.

With the wiring of nearly $10 billion to the Treasury, U.S. Bancorp and BB&T became the first large financial institutions to announce that they have repaid the government in full.