Securities | featured news

The offerings include $35 billion in two-year notes and $29 billion in seven-year securities.

A bellwether index of subprime mortgage bonds rallied, a day after the New York Fed suspended further auctions of so-called Maiden Lane II securities acquired in the AIG bailout.

U.S. securities brokers would be more closely scrutinized by accountants and be subject to stricter rules for how they handle their customers' assets under a plan proposed by federal regulators on Wednesday.

An arbitration panel ordered Citigroup Inc to pay a group of investors $54.1 million for losses from municipal securities funds that cratered between 2007 and 2008, the biggest award yet involving the funds in a long series of legal claims against the bank.

U.S. securities regulators are considering new curbs to slow stock trades when markets are plunging following Thursday's dramatic sell-off, a person familiar with the matter said on Saturday.

The SEC voted 3-2 to approve a long-anticipated short-selling rule to place curbs on the practice for individual securities experiencing declines of 10% or more in a single day.

The SEC chairman said the agency is conducting a "wholesale review" of the securities-lending marketplace.

WASHINGTON — Despite persistently high unemployment, Treasury Secretary Timothy Geithner said Friday the Obama administration's economic stimulus plan is on the "expected path."

"There's been substantial improvements in arresting what was the worst recession globally we've seen in generations," Geithner told lawmakers Friday.

Bank of America and other big institutions plan to enforce a cutoff, making it harder to cash vouchers. To protect IOU holders from third-party speculators, the SEC defines the vouchers as securities.

Attorney General Jerry Brown says customers were misled into believing that auction-rate securities were safe. Wells Fargo disputes that, and says it aided customers hit by the collapse of the market.

California today sued investment subsidiaries of Wells Fargo & Co.