STT

Providers of exchange-traded funds and notes had a strong 2009 and the new year is shaping up to bring more of the same. But what's good for ETF companies isn't necessarily good for investors.

California Attorney General Jerry Brown is suing State Street Bank and Trust (SST), seeking $200 million in damages for allegedly defrauding the state's giant pension funds. "Over a period of eight years, State Street bankers committed unconscionable fraud by misappropriating millions of dollars...

The $700 billion Troubled Asset Relief Program (TARP), which former Treasury Secretary Hank Paulson set up in October 2008 to buy financial toxic waste, has made the U.S. a $4 billion profit on $240 billion that it invested in hundreds of banks. Never mind that TARP has not purchased any toxic...

Seeking to prove their financial health and escape heightened scrutiny by regulators, all ten of the banks approved last week to repay $68 billion worth of investments from the Treasury Department's bailout fund said they'd done so by the end of the day on Wednesday. JPMorgan Chase (JPM), Goldman...

As expected, the Treasury Department said today that 10 of the nation's largest banks would be allowed to begin repaying funds borrowed under the Troubled Asset Relief Program. A total of $68 billion of taxpayer money will be repaid, relieving the banks of what some saw as onerous restrictions that...

Now that regulators have completed their examination of financial institutions' balance sheets, the banks that received passing grades are working furiously to return the capital infusions they received from the Treasury Department's $700 billion bailout fund last fall. Nine financial...