The White House says it has no plans to ask Congress for more taxpayer money to bail out struggling banks.

The Federal Reserve says a larger share of banks made it more difficult for people to obtain home mortgages over the last three months.

The Asian Development Bank will boost lending to the region’s poorest nations by more than $10 billion over two years, warning Saturday that the global economic crisis is jeopardizing the U.N.’s goal to halve poverty by 2020.

Regulators shut down Silverton Bank in Georgia on Friday and set up a temporary government-controlled bank until a buyer can be found. Silverton, which operated as a sort of wholesale bank, fell victim to large losses on real estate construction and devel

Regulators shut down Silverton Bank in Georgia on Friday and set up a temporary government-controlled bank until a buyer can be found. The bank fell victim to large losses on real estate construction and development loans, regulators said.

Regulators have shut down Silverton Bank in Georgia and set up a temporary government-controlled bank until a buyer can be found. It was the 30th bank failure this year in the U.S.

Bank of America CEO Ken Lewis is telling employees he welcomes the leadership of Walter E. Massey as the company’s new chairman.

A government official says the Federal Reserve will release “stress tests” results for the nation’s biggest banks on Thursday.

Now that he’s lost his title as Bank of America’s chairman, Ken Lewis has to convince angry shareholders he should keep his job as CEO.

Some employees of the World Bank in Washington are being asked to work from home after one of their colleagues was preliminarily diagnosed with swine flu.