Greece’s future in the eurozone came under renewed threat Friday as popular protests again turned violent and dissent grew among its lawmakers after European leaders demanded deeper spending cuts.
Bernard Trager, the longtime chairman and founder of bank holding company Republic Bancorp Inc., has died. He was 83.
Regulators on Friday closed small banks in Illinois and Indiana, increasing to nine the number of U.S. bank failures this year, a slower pace than in 2011, when there were 92 bank closures.
Fishermen and federal officials are grappling with the increasingly bleak prospect of finding a way for the fishing industry to survive troubles in the health of Gulf of Maine cod.
The trustee overseeing MF Global’s liquidation said Friday that the shortfall between the funds under his control and the amount customers of the failed brokerage are expected to claim is at least $1.6 billion.
Standard & Poor’s Ratings Services on Friday lowered its ratings on 34 Italian banks, citing concerns over Italy’s financial vulnerability and expectations for weak profits at the banks.
BAILOUT BLUES: U.S. stocks took their biggest slide so far this year on news that European countries that share the euro with Greece want it to make deeper spending cuts in exchange for bailout money. Stocks had risen just a day before on hopes the bailout was imminent.
Stocks had their worst day of the year Friday after Greece hit a roadblock on its way to a critical bailout. The S&P 500 index had its first down week of the year.
First Solar is warning that a construction delay threatens to undo its sale of a large solar project planned for Los Angeles County to power producer Exelon Corp.
A look at economic developments and activity in major stock markets around the world Friday:
Stocks had their worst day of the year Friday after Greece hit a roadblock on its way to a critical bailout.
