ST ANDREWS, Scotland, Nov. 7, 2009 (Reuters) — World governments should consider urgently a levy on banks to fund future bailouts, British Prime Minister Gordon Brown said on Saturday, departing from London's longstanding resistance to a global tax. ... > full story
WASHINGTON, Nov. 6, 2009 (Reuters) — Bank regulators closed Gateway Bank of St. Louis, in St. Louis, Missouri, and Prosperan Bank, of Oakdale, Minnesota, on Friday, the 118th and 119th U.S. bank to fail this year. ... > full story
NEW YORK, Nov. 6, 2009 (Reuters) — Freddie Mac , the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing. ... > full story
NEW YORK, Nov. 6, 2009 (Reuters) — As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer. ... > full story
NEW YORK, Nov. 6, 2009 (Reuters) — Warren Buffett's Berkshire Hathaway Inc on Friday said quarterly earnings tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit. ... > full story
WASHINGTON, Nov. 6, 2009 (Reuters) — Bank regulators closed Home Federal Savings Bank, of Detroit, on Friday, the 117th U.S. bank to fail this year as deteriorating loans continue to take their toll on financial institutions. ... > full story
NEW YORK, Nov. 6, 2009 (Reuters) — Computer maker Sun Microsystems Inc suffered a 25 percent fall in quarterly revenue, as uncertainty over its delayed sale to Oracle Corp hurt its business. ... > full story
NEW YORK, Nov. 6, 2009 (Reuters) — Harvard Business School is sending 28 percent of its 2009 graduating class onto careers in finance, a mildly bullish sign for the economy, said Ray Soifer, an independent bank consultant. ... > full story
NEW YORK, Nov. 6, 2009 (Reuters) — A top U.S. securities regulator said some funds may now view insider trading as a central tenet of their business models, rather than as a one-time opportunity for big rewards as sometimes happened in the 1980s. ... > full story
CHARLOTTE, North Carolina, Nov. 6, 2009 (Reuters) — Bank of America Corp's CEO search could last until Thanksgiving, the New York Post reported on Friday. ... > full story
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