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While big U.S. banks assured investors they were financially healthy during the financial crisis, they also quietly approached the Federal Reserve for more bailout money. As of March 2009, the Fed committed $7.77 trillion to rescue the financial system, which is more than half the value of everything produced in the U.S. that year. The amount dwarfed the Treasury Department's better-known $700 billion Troubled Asset Relief Program, or TARP.

Carl Huttenlocher, former Asia head of JPMorgan Chase & Co's Highbridge Capital, said he will launch a hedge fund with more than $300 million on December 1 after a delay in obtaining regulatory approval.

Bank of New York Mellon Corp , which was derided for a plan to charge some of its large corporate and investment management clients for holding their deposits, appears to have flinched.

JP Morgan has dramatically boosted its influence in the battle to acquire the London Metal Exchange by increasing its stake this week to become the biggest shareholder.

J.P. Morgan has agreed to buy all of defunct U.S. brokerage MF Global's shareholding in the London Metal Exchange after a competitive bidding process, KPMG, the administrators for MF Global's UK unit, said on Wednesday.

The Federal Reserve plans to stress test six large U.S. banks against a hypothetical market shock, including a deterioration of the European debt crisis, as part of an annual review of bank health.

Former customers of MF Global Holdings Ltd got some good news on Tuesday, as the bankruptcy trustee secured more assets and the CME Group Inc expanded a guarantee to speed the return of frozen funds.

A judge approved the appointment of a bankruptcy trustee for MF Global Holdings Ltd , wresting control of the remains of the futures brokerage once run by Jon Corzine from its current management.

States are crafting a scaled-back mortgage abuses settlement with top U.S. banks that would exclude California, one of the states hardest hit by foreclosures and falling home prices.

The U.S. Department of Justice said it is reviewing statements and actions by big banks and their trade associations to see if they have violated antitrust laws through coordinated action to raise consumer debit card fees. But experts say an actual investigation is fairly unlikely.

The Federal Reserve plans to stress test six large U.S. banks against a hypothetical market shock, including a deterioration of the European debt crisis.

America may seem to be at the forefront of innovation and technology, but when it comes to credit card payment systems, we're still a step behind.

After being blacklisted by Fannie Mae and Freddie Mac, troubled foreclosure firm Steven J. Baum PC announced on Monday that it would be closing.

Financial-related issues are taking the worst beating in the session.

A raft of bidders -- JPMorgan Chase & Co. among them -- is lining up for failed brokerage MF Global Holdings Ltd.'s stake in the London Metals Exchange, two sources familiar with the situation said, providing some solace for creditors.

Seven banks that helped MF Global Holdings Ltd. sell bonds were sued by pension funds who said the bonds' offering prospectuses concealed problems that led to the futures brokerage's collapse.

Two Romanians recoded Dunkin' Donut gift cards with stolen bank account details and used them to withdraw money in New York City.

Shares of Dell feel 2 percent despite the company's report of higher-tha-expected results.

Stock index futures pointed to a higher open on Wall Street Wednesday, with futures for the S&P 500 up 0.4 percent, Dow Jones futures up 0.3 percent and Nasdaq 100 futures up 0.4 percent at 1007 GMT.

Dell, the No. 2 PC maker, reported third-quarter net income rose nine percent, or 49 cents a share, ahead of estimates largely due to stronger sales to enterprise clients.

A U.S. regulator ordered JPMorgan Chase & Co to pay $3.62 million in fines and reimbursement for recommending investments linked to junk bonds to unsophisticated customers who might not have been able to take on the risks.

It is important, before opening new credit accounts, to be sure that the process will not adversely affect your credit ratings. The account, instead, must provide the ability to track credit patterns, including payment due dates, interest rates, fees and charges made. Unfortunately, there is no easy answer to deciding which card is ideal for most, if not all concerns.

Shares of Dell, the No. 2 PC maker, rose slightly Monday, ahead of the company’s third-quarter earnings report scheduled for Tuesday. Investors await news on Dell’s moves upscale as well as supply shortages caused by floods in Thailand.

FBR Capital Markets said the broad changes to the Home Affordable Refinance Program (HARP) were outlined by U.S. President Barack Obama's administration on Oct. 24. However, the release of most of the technical details was delayed until Nov. 15.

Stocks jumped on Friday, ending higher for the week after the Italian Senate's approval of economic reforms gave investors some relief from worries about the Eurozone's debt crisis.

Stocks rose about 2 percent on Friday, with major indexes on track to end the week higher as Italy's Senate approved economic reforms, easing investor concerns about the euro zone's debt crisis.

Stocks rose at the open on Friday as debt-laden Italy moved to implement tough austerity measures crucial to avoid a Eurozone meltdown.

Alabama's Jefferson County filed for bankruptcy court protection on Wednesday in the biggest municipal bankruptcy in U.S. history.

Legislators in Alabama's Jefferson County on Wednesday voted 4 to 1 to file for bankruptcy court protection in what would be the biggest municipal bankruptcy in U.S. history.