The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for August, were $351.4 billion, an increase of 2.7% from the previous month, the biggest monthly... Read »

Bank of New York Mellon may restart trade-finance lending to Russia as a part of an out-of-court settlement of a $22.5 billion lawsuit against the bank, Kommersant business daily and the Wall Street... Read »

The U.S. Treasury Dept. and Citigroup Inc. have begun discussing how to sell the 34% stake that the government acquired in the rescue of the bank, people familiar with the matter said. The Treasury, which... Read »

The U.S. economy is starting to climb out of a “deep hole” but with a tepid recovery likely it will remain vulnerable to shocks, a top Fed’s Yellen said on Monday.  Read More →

American Express Co announced on Monday a new line of certificates of deposit as part of the largest U.S. credit card company’s plan to diversify funding sources as the financial crisis tightened... Read »

New York Attorney General Andrew Cuomo is preparing charges against “several high-ranking” Bank of America Corp. executives over Merrill Lynch bonuses, The Associated Press reported Monday,... Read »

Since 2007 about 2.5 million homes have been converted into rentals, according to an analysis performed for The Huffington Post by Foresight Analytics, a real estate market research firm based in Oakland,... Read »

The bailouts have largely stabilized the financial system, but regulatory reform is needed to prevent a similar crisis from happening again, said President Obama in a speech delivered Monday on Wall Street.  Read More →

Gold prices may rise to $1,050 an ounce by the end of this year, helped in part by a weaker U.S. dollar, said BofA/Merrill Lynch analysts in a report, made public Monday, entitled “Gold is breaking... Read »

Federal District Judge Jed S. Rakoff rejected a proposed $33 million settlement of allegations by the SEC at Bank of America Corp. “materially lied” in shareholder communications about bonuses... Read »