News

Citigroup Could Be Surprise Winner in Stress Tests

Citigroup Inc may be a surprise winner when the Federal Reserve reveals the results of bank stress tests designed to gauge the health of the biggest U.S. banks.

US to closely police banks in mortgage settlement

* Previously announced pact filed in federal court * Banks commit to $25 bln, much as mortgage relief* Ally Financial negotiated reduced penalty - sources* Federal officials tout strong enforcement mechanism

Japan Marks First Anniversary of March 11 Triple Disasters

One year after the Tohoku earthquake, the associated Pacific Ocean tsunami, and the related Fukushima Daiichi nuclear accident, many Japanese spent Sunday at community gatherings, demonstrations, and memorial services in observance of the first anniversary of the triple disasters.