Outgoing Treasury Secretary Timothy Geithner defended the Obama administration's unpopular decision to push for a bailout of the nation's largest banks in a pair of exit interviews published Thursday, telling The Economist and The Wall Street Journal that history would ... [full story]

The Senate on Thursday failed to clear a bill that would have extended for two more years a program that provided federal insurance for deposits kept in no-interest accounts at federally insured banks. The arrangement, known as the ... [full story]

A bill to protect the nation's critical infrastructure from cyberattacks has again failed to clear a congressional hurdle. The vote forecloses action on the legislation until next year, despite warnings by national security officials that the U.S. needs new ... [full story]

(Reuters) — The United States filed a fraud lawsuit against Bank of America Corp., accusing it of causing taxpayers more than $1 billion of losses by selling thousands of toxic mortgage loans to Fannie Mae and Freddie Mac.   Wednesday's ... [full story]

MONACO (Reuters) - Insurers could be caught up in a fresh regulatory backlash triggered by banking scandals such as the Libor rate-rigging affair, the head of the Lloyd's of London insurance market said. "We are always having to deal ... [full story]

NEW YORK (Reuters)—Top executives at Bank of America Corp. did not tell shareholders just before a 2008 vote on its purchase of Merrill Lynch & Co. that Merrill's losses were mounting and expected to weigh down earnings for years, papers ... [full story]

InsuranceHeadlines (Bloomberg) -- In Honolulu, on the southern coast of the island of Oahu, there’s a four-bedroom home priced at $785,000 that has views of the sun setting over the Pacific Ocean. The beaches of Waikiki are 15-minutes away. ... [full story]

WASHINGTON - A proposed rule issued by the Federal Deposit Insurance Corporation (FDIC) recognizes state regulation of mutual insurance holding companies while providing insurers with greater certainty and clarity, the National Association of Mutual Insurance Companies (NAMIC) said today. ... [full story]

WASHINGTON—Many 401(k) participants likely would see lower account balances if federal lawmakers implement a pair of proposals aimed at changing the tax treatment of 401(k) retirement plans, according to a study by the Employee Benefit Research Institute. The proposals, ... [full story]

WASHINGTON—Raising premiums that employers with defined benefit plans pay the Pension Benefit Guaranty Corp. would cost jobs and be counterproductive in the long run, more than 80 major employers, consultants and trade associations said in a letter to federal lawmakers. ... [full story]