SAN RAMON, Calif. - Chevron Corporation ( NYSE: CVX ) today announced that Patricia Yarrington has been appointed vice president and chief financial officer effective Jan. 1, 2009. Yarrington, currently vice president and treasurer, replaces Steve ..more

NEW YORK, Dec 11 (Reuters) - Moody's Investors Service on Thursday said it has changed some assumptions it makes to rate structured deals backed by mortgage and other asset-backed securities, which is likely to result in large downgrades of many of ..more

LONDON — British Prime Minister Gordon Brown said Friday he will be pressing bankers to pass on lower interest rates to consumers after the Bank of England moved to reduce its key lending rate to the lowest level since 1951. The Bank of England on ..more

NEW YORK - (Business Wire) Fitch Ratings has assigned an 'F1+' rating to the $45 million Alaska Housing Finance Corporation's (the corporation) collateralized notes, 2008 second series. Fitch has also affirmed the 'AAA' rating on the $331.2 million ..more

MIAMI A Miami financier is facing fraud charges for allegedly altering credit scores on mortgages that were sold as securities to investors. Federal prosecutors said Thursday that 49-year-old Steven Gordon of Bayview Financial inflated the credit ..more

IT'S party time for expats putting down roots in Ibiza because a new banking branch has opened in San Antonio - one of the most popular resorts for British tourists. A team of English and Spanish-speaking colleagues at the Banco Halifax Hispania ..more

Policymakers have been searching for an answer to that question for the past year as the tally of home foreclosures continues to surge and home prices continue to plunge . So far, the Troubled Asset Recovery Program has been a disappointment ..more