financial sector

Gainers

• SPDR S&P 500 (NYSE: SPY) up 2.62 percent to $118.74. The S&P, et al, are trading higher today on reports Europe will come to an agreement on recapitalization of banks by the end of October. Click here for more color.
• Financial Select Sector SPDR (NYSE: XLF) up 3.68 percent to $12.27.
  
  The much-beleaguered financial sector is one of the better performers Monday following news out of Europe.

Stocks on Wall Street declined steeply Thursday, following Asia and Europe, amid new signs that the debt crisis in Europe was affecting the financial sector and the economy.

A survey of financial institutions indicates that while they expect to incorporate climate risks into their business practices, information at present is insufficient.

The head of the commission reviewing the financial sector is today expected to indicate banks could be split up to reduce risk.

Mortgage fraud quadrupled in value during the first six months of 2010, accounting for more than half of all scams committed against the financial sector.

As Swiss lawmakers lock horns over a bill to resolve a tax dispute between UBS and Washington, changes are ahead for the country’s preeminent financial sector.

WASHINGTON — The House on Friday approved a Democratic plan to significantly tighten federal regulation of Wall Street and the financial sector, advancing a far-reaching Congressional response to the financial crisis still reverberating through the economy.

Markets rose on strong economic data from China as well as remarks by Treasury Secretary Timothy F. Geithner indicating that the financial sector is stabilizing.

Well, originally, whole areas of the population, specifically African Americans and other minorities, were "red-lined." There would literally be a red line around areas on realtors' maps.

And you don't make a loan to people living inside those lines.

The Treasury Department has decided not to challenge the independence of the government watchdog agency that Congress created to oversee spending of the $700 billion rescue package for the financial sector.