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Goldman earns $3.3B in 1Q as fraud case looms

Goldman Sachs said Tuesday its first-quarter earnings almost doubled to $3.3 billion as its trading business again surpassed the rest of the financial industry. A top lawyer for the bank, which is facing civil fraud charges, said Goldman would "never intentionally mislead anyone."

 

Senate leaders spar on financial reform

Senate leaders on Tuesday began their sparring over the financial reform bill, setting the tone for what is expected to weeks of debate on lawmakers' next pitched battle.

 

Citigroup earns $4.4B in 1Q as trading rebounds

Citigroup earns $4.4B in 1Q as trading rebounds

Citigroup Inc. provided more evidence that the nation's big banks may have turned a corner. The bank reported a surprise first-quarter profit Monday as trading revenue offset losses from failed loans....

 

Banks Fail in Georgia, Florida, Arizona

Four U.S. banks were seized Friday by state regulators, two in Georgia, one in Florida and one in Arizona, bringing the total number of bank failures to 41 in 2010.

 

Proposal for Bailout Tax on Banks Gains Support

Proposal for Bailout Tax on Banks Gains Support

President Obama’s proposal for a direct tax on banks to pay for future bailouts is gaining momentum in Europe.

 

Major global banks split on regulation fight

Major global banks split on regulation fight

The world's top bankers are at odds about how to fight back against a global push for tougher financial regulation, with commercial and investment banks struggling to reach agreement.

 

Financial industry's anxiety is rising over Obama's plan

The president's proposal, which includes curtailing high-risk securities trading by commercial banks, would curb practices that at some firms account for 25% of earnings.

 

Obama blasts banks for opposing financial overhaul

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....

 

NY Fed 'paid AIG banks too much'

NY Fed 'paid AIG banks too much'

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

 

Obama embraces House financial overhaul bill

President Barack Obama on Tuesday embraced a House bill that would give the government unprecedented power to seize bank holding companies and other large financial firms teetering on the brink of collapse and stick their competitors with the cost....

 

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