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A trader enters an order by a post that sells JP Morgan Chase stock on the floor of the New York Stock Exchange

Bank Stocks Hit By Panic Selling On Greece Crisis, JPMorgan Losses

Global bank stocks fell Monday as investors panicked that a weekend electoral impasse in Greece might be a prelude to that country to leave the 17-member euro zone.

Ally Financial's Mortgage Unit Reported To File Bankruptcy

Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights.

Ally Financial's Mortgage Unit Reported Near Bankruptcy

Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender shed its troubled mortgage business but also spur drawn-out legal fights.

Bank Stocks: Are They Cheap Because They Are Bargains Or Value Traps?

Since hitting 52-week lows last October, U.S. financial-sector stocks have staged a strong comeback -- rising some 34 percent. Despite this uptick, they still look like bargains, at first blush.

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Met Gala 2012 Most Dramatic Gowns: Beyonce In Givenchy, Florence Welch In McQueen And More [PHOTOS]

Drama, drama, drama. The gowns that stood out the most at the 2012 Met Gala at New York City's Metropolitan Museum of Art Costume Institute Benefit certainly brought the most drama. From trailing trains and see-through lace to feathers and layers upon layers of tulle, the most dramatic gowns of the night proved to be the most stunning. Check out photos of Beyonce, Florence Welch, Cate Blanchett and more.

Conservative party leader Antonis Samaras leaves the Greek prime minister's office after a meeting in Athens

Greece: Samaras Fails To Forge Coalition; Bailout At Grave Risk

Samaras? party ?won? Sunday?s election, but with only about 18.9 percent of the total electorate, meaning he had to form an alliance with one or two other parties to create a viable new government.

Global Mining Headed for a Slowdown: Citi

Analysts at Citigroup are slashing their estimates regarding just how much mining companies globally will spend this year, suggesting the industry is headed for a substantial slowdown, the Financial Times is reporting.

A woman leaves a branch of Bank of China in Beijing

Temasek Sells $2.48 billion Stake In Bank Of China And China Construction Bank

Temasek Holdings, the Singapore state-owned investment group sold $2.48 billion of shares in Bank of China Ltd. and China Construction Bank Corporation as profit growth in banks is decreasing with tighter controls on lending in the country.

BP Earnings Fall As Gulf Spill Costs Continue To Weigh

BP Plc (BP.L) reported a bigger-than-expected profit drop on the back of a fall in production prompted by the need to sell oil fields to pay for the Gulf of Mexico disaster, raising concerns about the oil group's turnaround plan.

How To Prevent Another US Bank Bailout

Regarding its banking system, the United States has now experienced its third generation of heads the banks win, tails the taxpayer and the public loses.? Is there a better way? Is it possible to create a bank that serves the people of the United States?

Protesters picket Wells Fargo meeting, 24 arrested

Police in riot gear arrested two dozen people on Tuesday as protesters with a huge inflated rat sought to disrupt a Wells Fargo & Co annual shareholder meeting to express anger over foreclosures, executive compensation and corporate taxes.

Rodney O'Neal, Chief Executive Officer of Delphi Automotive LLP, smiles after ringing the opening bell at the New York Stock Exchange

Delphi Automotive Earnings: Strong Global Positioning Spells Robust 1Q Earnings

Delphi Automotive Plc (DLPH) reported earnings per share of $1.04 for the first quarter of 2012 on Tuesday, up 247 percent since last year, and beating analyst predictions as revenue and income rose for the automotive electronics supplier.

Gold Prices Rise, Then Hover Around $1,640

Gold prices steadied near $1,640 an ounce in Europe on Tuesday as a softer tone to the dollar arrested the previous session's slide, but traders largely stuck to the sidelines ahead of a key monetary policy meeting of the U.S. Federal Reserve.

Citigroup CEO and directors sued over executive pay

Days after being rebuked by shareholders, Citigroup Inc Chief Executive Vikram Pandit and the bank's directors have been sued by a shareholder accusing them of awarding outsized pay to top executives.

Haitong To Raise $1.68 Billion In World’s Biggest IPO In 2012: Report

Haitong Securities Co. (SHA: 600837), China's second-largest brokerage by assets, raised HK$13 billion ($1.7 billion) in the largest public offering in the world so far this year, media reports said Friday, citing people familiar with the matter.

CVC Reported Near Deal To buy AlixPartners

Private equity firm CVC Capital Partners is nearing a deal to buy restructuring and consulting firm AlixPartners for more than $1 billion, according to several people familiar with the matter.

Parsons blames Citi vote on failure to communicate

Richard Parsons, who chaired the Citigroup Inc board that lost a shareholder vote this week on executive compensation, said on Thursday that directors had failed to adequately explain to investors the methods they used to determine pay packages.

Bank of America tops expectations on better credit quality

Bank of America Corp posted a better-than-expected first-quarter earnings on Thursday as the No. 2 U.S. bank set aside less money for loan losses and capital markets activity rebounded.

Morgan Stanley 1Q Down But Beats Street

Morgan Stanley (NYSE: MS) on Thursday reported weaker first-quarter profit but still beat analyst expectations, which helped lift shares up more than 2 percent.

A Qualcomm sign is seen at one of Qualcomm's numerous buildings located on its San Diego Campus

Qualcomm Shares Plunge After Earnings Forecast, Shortages Warning

Shares of Qualcomm (Nasdaq: QCOM), the biggest designer of mobile chips, plunged more than 5 percent in early Thursday trading after missing second-quarter earnings estimates.

Morgan Stanley beats estimates on strong trading

Morgan Stanley's first-quarter results beat expectations, as trading revenue rose sharply and the bank's wealth management business began to improve, sending its shares up in premarket trading on Thursday.

Can You Have Too Many Credit Cards?

Vitaly Pecharsky, chief technology officer for the shopping site SlickDeals.net, is something of a credit card collector and has 40 active credit cards to show for his passion.

Bank of America reported better earnings on lower credit losses and strong trading performance

Bank of America Expected To Swing To Loss In 1Q

Bank of America (NYSE: BAC) is expected to report highly disappointing financial results Thursday morning, a development that -- as has been the case in the past -- will provide plenty of schadenfreude to the company's vociferous and numerous critics.

Morgan Stanley Seen Earning Somewhat Less Than Year-Ago, Barring Surprises

Morgan Stanley (NYSE: MS), the exalted New York house of finance that is a veritable icon of white-shoe Wall Street firms, is expected to report first-quarter financial results Thursday somewhat weaker than a year-ago, a consensus of bank analysts has noted, as the firm is unlikely to have benefited as much as peers from positive developments that lifted large-cap U.S. banks during the first quarter.

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