Ex-Virginia bank executives guilty in financial crisis caseComments OffThe former chief executive of a failed U.S. bank in Norfolk, Virginia, and three others were convicted Friday on bank fraud conspiracy and other charges for concealing loan losses in a scheme that contributed to he bank’s 2011 collapse. |
Visa, MasterCard Strike Back at Swipe-Fee Settlement FoesComments OffVisa Inc. (V) and MasterCard Inc. (MA) are firing back at retail trade groups trying to derail a pending $7.25 billion settlement over so-called merchant swipe fees. |
Argentina’s Stocks End Lower; ‘Blue’ Dollar StrengthensComments OffArgentine stocks fared poorly Friday in light trading while the black-market dollar continued to strengthen on media reports that banks will further restrict the ability of customers to withdraw cash while overseas. |
Markets Post Weekly Loss, Snap Four-Week StreakComments OffThe S&P 500 slid more than 1% this week in its first weekly loss in five amid worries about when the Fed will begin tapering its vast asset-purchase program. |
MARKET SNAPSHOT: U.S. Stocks Break Four-week Winning StreakComments OffU.S. stocks fell for the first week in five as the prospects of the Federal Reserve starting to reduce its bond-buying stimulus rattled a market trading at historic highs. |
