National City Corp., Ohio's biggest bank with operations in Akron and struggling under the weight of bad subprime mortgages, could receive $6 billion to $7 billion from a group led by Corsair Capital LLC, according to a person familiar with the matter.

Consumer sentiment rebounded in July from a 28-year low and business investment rose unexpectedly last month, according to data on Friday that showed rare signs of resilience for the U.S. economy.

April 23 (Bloomberg) -- HSBC Holdings Plc , Europe's biggest bank by market value, hired Aaron Chow from UBS AG for its Asia- Pacific region leveraged and acquisition finance team, said two people with direct knowledge of the matter.

The dealers who brought us the CDOs linked to risky assets such as sub-prime mortgages are using another complicated product to line their tailor-made pockets. It’s the total return swap, designed to help foreigners not pay taxes.

The federal rescue of Fannie Mae and Freddie Mac won't help those who face foreclosure in Brevard County, but it might stop a bad situation from becoming worse.