Fed officials see choppy recovery for U.S. economy - Reuters - 1 hour, 19 minutes ago
High unemployment and reluctant consumers will likely make an incipient U.S. economic recovery weak and erratic, top Federal Reserve officials said in a string of speeches across the country on Tuesday.

U.S. should not coddle big banks: Fed's Fisher - Reuters - 2 hours, 41 minutes ago
The United States should not coddle large financial institutions considered "too big to fail", Federal Reserve Bank of Dallas President Richard Fisher said on Tuesday.

Ambac shares sink as warns of possible bankruptcy - Reuters - Tue 7:05 pm ET
Shares of bond insurer Ambac Financial Group Inc sank 33 percent on Tuesday after the company warned it may be forced to seek bankruptcy protection if it cannot fix its liquidity problems.

Sen Dodd seeks more muscle in US financial reforms - Reuters - Tue 6:44 pm ET
Pushing for tougher changes in U.S. financial regulations, the Senate's top banking legislator on Tuesday proposed a new super-cop to police banks, a systemic risk agency and strong consumer protections.

Toll 4th-quarter revenue to top view; shares up - Reuters - Tue 6:22 pm ET
Luxury homebuilder Toll Brothers Inc said on Tuesday said it expected fourth quarter revenue to drop 30 percent, but blew past Wall Street's expectations by nearly $100 million, and the company's shares rose 5.4 percent in after-hours trading.

A Morgan Stanley star falls in China - Reuters - Tue 5:04 pm ET
In the end, Garth Peterson, a rising star at Morgan Stanley in China, was undone by his pursuit of "guanxi." A central concept in Chinese society, guanxi loosely translates as "connections" and relationships."

U.S. Bancorp looks to expand credit card business - Reuters - Tue 4:56 pm ET
U.S. Bancorp , the sixth-largest U.S. bank by assets, is looking to expand its credit card business and is actively marketing its cards nationally, Chief Executive Richard Davis said at a conference on Tuesday.