DETROIT - The U.S. government ended up losing $10.5 billion on the General Motors bailout, but it says the alternative would have been far worse.
WASHINGTON - American households have regained almost all of the wealth lost during the Great Recession, thanks to surging stock prices and recovering home values.
The stock market posted slight gains on Monday, following up on its rally in the previous trading session after the job market showed some strength.
WASHINGTON - Financial regulators and industry officials said Monday they have made progress in efforts to safeguard financial institutions from the kind of cyberattacks that disrupted large-bank websites last year but much work remains.
WASHINGTON Dec 9 (Reuters) - Government-run Fannie Mae and Freddie Mac will raise the fees they charge mortgage lenders for guaranteeing new loans in March to encourage private firms to wade back into the housing finance market.