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EU finance ministers fail to reach deal on bank levy

European Union finance ministers failed to agree on Saturday how to impose a bank levy, possibly delaying a global accord on taxing the financiers many accuse of causing recession.

Reform will mean smaller bank profits: FSB's Draghi

Necessary reform of the international financial system will mean banks make smaller profits in future, Financial Stability Board President Mario Draghi said on Saturday.

Greece to decide on EU/IMF aid within weeks

Greece will decide within weeks on whether to activate a euro zone aid package, Prime Minister George Papandreou said, as a poll showed austerity measures had begun hitting Athenians' pocket books.

China should let yuan appreciate: EU's Rehn

China should let its yuan currency appreciate to help ease imbalances in the global economy, European Economic and Monetary Affairs Commissioner Olli Rehn said on Saturday.

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FCC awaits economic data from Comcast, NBCU

The Federal Communications Commission on Friday extended the public comment period for the joint venture between Comcast Corp and NBC Universal because it has not received additional economic data requested from the companies supporting their deal.

WaMu regulator takes fire from U.S. lawmakers

The Office of Thrift Supervision, the regulator of Washington Mutual before it became the biggest banking bust in U.S. history, came under fire on Friday by lawmakers probing the roots of the financial crisis.

Google shares slide amid Schmidt speculation

Google Inc shares fell more than 7 percent on Friday after its quarterly results came in short of expectations, leading some analysts to cut price targets on concerns about growth.

Goldman brand to be biggest casualty of suit: analysts

Goldman Sachs Inc may have to cough up a big fine to settle the civil lawsuit brought by U.S. regulators and the issue poses the biggest threat to the reputation of the influential bank, analysts said.

Fed should exit easy policy deliberately: Hoenig

The U.S. central bank's withdrawal of extraordinary monetary stimulus for the economy should be done as deliberately as possible, a senior Federal Reserve official said on Friday.

Obama to veto bill without derivatives curbs

President Barack Obama said on Friday he would veto a planned financial regulation law that did not bring the derivatives market under control -- hours after influential bank Goldman Sachs was charged with fraud.

Home construction rises, consumer morale ebbs

Permits to build new U.S. homes surged in March to a 17-month peak and construction activity was the most vigorous in more than a year, providing fresh evidence that economic prospects are brightening.

Senate bill takes tough line on banks, swaps

Senator Blanche Lincoln on Friday unveiled a long-awaited draft bill to regulate the $450 trillion over-the-counter derivatives market, taking a tougher tack against big banks than the Senate Banking Committee or House bills on the issue.

Market slides on Goldman charges, earnings

Financial stocks plunged on Friday in the heaviest trading this year, dramatically ending Wall Street's six-day winning streak as fraud charges against Goldman Sachs and disappointing earnings sent investors running for cover.

Bair: Regulators clashed ahead of WaMu crash

The chairman of the Federal Deposit Insurance Corp on Friday said that for years before Washington Mutual became the biggest bank bust in U.S. history, the agency was prevented from examining the bank by a rival regulator.

Fed should exit policy deliberately: Hoenig

The U.S. central bank should exit from its extraordinarily accommodative monetary policy as deliberately as it can, a senior Federal Reserve official said on Friday.

Pay czar issues more rulings on TARP execs

The Obama administration's pay czar issued rulings on Friday for a second tier of top earners at bailed-out companies and said far fewer were getting big cash salaries this year than last.

BofA profit beats expectations, revenue lower

Bank of America Corp posted its first quarterly profit since summer 2009 as it generated outsized bond trading revenue and set aside less money to cover bad loans.

U.S. pay czar issues more rulings on TARP execs

The Obama administration's pay czar issued rulings on Friday for a second tier of top earners at bailed-out companies and said far fewer were getting big cash salaries this year than last.

Goldman fraud charges, earnings sink markets

Investors slammed the door on a six-day winning streak for U.S. stocks with a sell-off on Friday after Goldman Sachs was charged with fraud by U.S. regulators and corporate earnings fell short of heightened expectations.

Democrats chip away at GOP on financial reform

To get financial reform legislation through the U.S. Senate Democrats need to peel away just one Republican to support their sweeping bill.

CORRECTED: Democrats chip away at GOP on financial reform

(Corrects to show Senator Gregg is retiring.)

China still sees managed floating FX system: Hu

China remains on course to gradually put in place a managed floating exchange rate system, President Hu Jintao said in a speech released on Friday amid pressure on Beijing to let its yuan currency strengthen.

Some U.S. states find recovery hope in jobs data

Unemployment rates continued to fall in March in many U.S. states, the Labor Department said on Friday, sparking cautious optimism that an economic recovery is dawning.

Airlines set to post losses; merger talk looms

U.S. airlines, which are set to report quarterly losses starting next week, also are poised for a stronger 2010, helped by an economic rebound that bolsters traffic, fares and the chances for an industrywide merger frenzy.

U.S. airlines set to post losses; merger talk looms

Fed's Warsh: U.S. in throes of cyclical recovery

The U.S. economy is in the throes of a cyclical recovery and there are encouraging signs of improvement in financial markets, a senior Federal Reserve official said on Friday.

Wall Street falls after Goldman fraud charge, earnings

Wall Street slid on Friday, led by bank shares, after Goldman Sachs was charged with fraud by U.S. regulators and after big company earnings fell short of heightened expectations.

Wall Street extends losses, banks weigh

U.S. stocks extended losses on Friday, with the S&P 500 briefly down more than 2 percent after Goldman Sachs was charged with fraud by the U.S.

FDIC needs timely access to big bank information: watchdog

The Federal Deposit Insurance Corp needs timely access to information on the large banks whose deposits it insures, a watchdog said on Friday.

Small company v large corporation – Which is better, which is worse?

What's better: Working for a small company or a large corporation?

Wall Street sinks on Goldman fraud charge

Wall Street tumbled on Friday after a slew of big company earnings failed to meet heightened expectations, while bank shares slid, led by Goldman Sachs after it was charged with fraud by the U.S. securities market regulator.

Oracle to buy drug software company Phase Forward

Software maker Oracle Corp is set to buy drug data management software company Phase Forward for about $685 million, aiming to bolster its health sciences business.

Consumer mood unexpectedly worse in early April

U.S. consumer sentiment took a surprise negative turn in early April due to a persistently grim outlook on income and jobs, a private survey released on Friday showed.

Greek woes prompt wider euro zone anti-crisis push

Finance ministers agreed in principle on Friday to create a permanent mechanism to handle economic crises in the euro zone, as preparations continued on an unprecedented aid package for debt-stricken Greece.

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