Hundreds rush to Chinese bank amid bankruptcy rumors

Jiangsu-bank-nb

Hundreds of people rushed to a bank to withdraw money in China amid rumors that the bank is going bankrupt…

US sues 16 big banks that set key rate

fdic

The U.S. Federal Deposit Insurance Corp. has sued 16 big banks that set a key global interest rate…

China picks owners for 5 new private banks

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Ten companies including Internet giants Alibaba and Tencent have been picked to invest in China’s first five privately owned banks…

Average Wall St. bonus over $164K

Adam Heckendorn

New York’s state comptroller says the average bonus paid to securities industry employees in New York City grew 15 percent…

China may ax interest rate controls within 2 years

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China is likely to ease controls on interest rates paid on bank savings within two years, the central bank governor said Tuesday…

Bay Area unemployment increases slightly in January

jobs-nb

Unemployment rates in the Bay Area increased slightly from December to January despite jobless numbers decreasing nationwide…

Albertsons’ parent company Cerberus to buy Safeway

Safeway has agreed to be acquired by an investment group led by Cerberus Capital Management…

Average tax refund so far: $3034

All together, the IRS sent out roughly $147 billion in refunds between Jan. 31 and Feb. 28…

China premier promises to advance economy reforms

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China’s government pledged Wednesday to keep this year’s economic expansion at a relatively robust 7.5 percent…

Obama 2015 budget focuses on boosting economy

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President Barack Obama sent Congress a $3.9 trillion budget Tuesday that would funnel money into road building…