News and Finance

A far-reaching Senate proposal to overhaul the financial system would create three new agencies, while wiping out existing ones, to monitor risky bank practices […]

The Senate vote unanimously on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bid to […]

Proof of the anxiety U.S. retailers are feeling this holiday season lies in a pile of new department store orders on Gene Zuckerman’s desk.
The […]

Commercial finance company CIT Group Inc and a group representing its bondholders have agreed on changes to the company’s proposed restructuring plan as it […]

New Zealand’s central bank will wait until July before starting an “aggressive” series of increases in the benchmark interest rate, said JPMorgan Chase & […]

Julius Baer, bulking up in its home market, has agreed to buy the Swiss private banking assets of Dutch financial services group ING for […]

Global finance chiefs told commercial banks at the weekend that resisting tighter regulation of the industry was futile, though bankers warned the reforms could […]

The CEO who succeeds the departing Ken Lewis at Bank of America Corp. will have plenty of work to do, including mending relationships with […]

Insurance risk assessment specialist Verisk Analytics Inc VRSK.O on Monday set the terms of its initial public offering, saying it expects the offering to […]

China’s economy will be able to achieve a growth target of 8 percent this year, but the country should not rest on its laurels […]