In testimony before the United States Congress House Financial Services Committee at the close of February 2008, United States Federal Reserve Bank (Fed) Chair Ben Bernanke acknowledged for the first time what many in finance, banking, and government poli

HE Rasheed M. Al Maraj, Governor of the Central Bank of Bahrain and Dr. Mohamad Nedal Alchaar, Secretary General, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) will tomorrow inaugurate the 4th Annual World Islamic Funds

Sen. Christopher J. Dodd didn’t have to disclose the two controversial mortgages he obtained in 2003 through a “VIP” program at Countrywide Financial Corp. because of a loophole in the Senate’s ethics rules, a Washington-based campaign finance wat

First Mariner Bancorp , parent company of First Mariner Bank and Mariner Finance, LLC, announced that its loss for the second quarter of 2008 narrowed to $469 thousand compared to a reported net loss for the quarter ended June 30, 2007 of $3.864 million .

Freddie Mac posted a smaller-than-expected quarterly loss on Wednesday and the second-biggest U.S. home-finance company said it would raise capital to expand, sparking a rally in its shares.