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Editorial Results (free)

1. Meritan’s Branch Named Among Top Nurses -

Cindy Branch, Meritan’s associate vice president for health services, has been selected to represent Tennessee as one of the nation’s top 50 home care and hospice nurses by the National Association for Home Care & Hospice and the Home Healthcare Nurses Association. Branch, a registered nurse, has oversight of Meritan’s nursing programs, including home health, private duty nursing and medical residential homes. She will be recognized at NACH’s annual meeting in October.

2. Regulators Set Rules Meant to Ward Off Bank Crisis -

WASHINGTON (AP) – Federal regulators are set to require big banks to keep enough high-quality assets on hand to survive during a severe downturn, the latest move under congressional mandate to lessen the likelihood of another financial meltdown.

3. SEC Adopts Rules on Loan-Backed Securities -

WASHINGTON (AP) – Financial firms that sell securities backed by loans, like the kind that fueled the 2008 financial crisis, will have to give investors details on borrowers' credit record and income under action taken Wednesday by federal regulators.

4. Bank of America Reaches $17 Billion Settlement With US -

WASHINGTON (AP) – Bank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.

5. Dollar General Enters Bidding for Family Dollar -

NEW YORK (AP) – Dollar General isn't about to be left out in the cold. The discounter is starting a bidding war for Family Dollar with an approximately $8.95 billion offer as it attempts to trump a Dollar Tree bid.

6. Citigroup to Pay $7 Billion in Subprime Mortgages Probe -

WASHINGTON (AP) – Citigroup agreed Monday to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives" and contributed to the worst financial crisis in decades.

7. US Bank Earnings Decline 7.7 Percent in First Quarter -

WASHINGTON (AP) – U.S. banks' earnings declined 7.7 percent in the January-March quarter from a year earlier, as higher interest rates dampened demand for mortgage refinancing and reduced banks' revenue from the mortgage business.

8. Nearly All Major US Banks Pass Fed 'Stress Tests' -

WASHINGTON (AP) – All but one of the nation's 30 largest banks are better able to withstand a severe U.S. recession and global downturn than at any time since the financial crisis, the Federal Reserve has determined.

9. FDIC Sues 16 Big Banks That Set Key Rate -

WASHINGTON (AP) – The Federal Deposit Insurance Corp. has sued 16 big banks that set a key global interest rate, accusing them of fraud and conspiring to keep the rate low to enrich themselves.

10. Wells Fargo in $591 Million Deal With Fannie Mae -

Wells Fargo says it has made a $591 million deal with Fannie Mae to settle obligations related to loans that went bad after the housing bubble burst.

The deal announced Monday covers loans made through 2008. Wells Fargo & Co. says it resolves nearly all repurchase liabilities it has with Fannie Mae, the federal mortgage buyer.

11. Wells Fargo in $591 Million Deal With Fannie Mae -

Wells Fargo says it has made a $591 million deal with Fannie Mae to settle obligations related to loans that went bad after the housing bubble burst.

The deal announced Monday covers loans made through 2008. Wells Fargo & Co. says it resolves nearly all repurchase liabilities it has with Fannie Mae, the federal mortgage buyer.

12. Merrill Paying $131.8 Million to Settle SEC Charges -

WASHINGTON (AP) – Merrill Lynch has agreed to pay $131.8 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis.

13. US Ban on High-Risk Bank Trades Approved -

WASHINGTON (AP) – U.S. regulators have taken a major step toward reining in high-risk trading on Wall Street, banning the largest banks from trading for their own profit in most cases.

14. Justice Department Official Admonishes Nation's Bankers -

WASHINGTON (AP) – Admonishing the nation's bankers, the Justice Department's No. 2 official says too many financial institutions have failed in their duty to ensure that their businesses are run cleanly.

15. JPMorgan Chase Reaches $4.5 Billion Deal With Investors -

JPMorgan Chase & Co. has reached a $4.5 billion settlement with investors who said the bank deceived them about bad mortgage investments.

16. Fed Proposes Big Banks Hold More Cash, Assets -

WASHINGTON (AP) — The Federal Reserve on Thursday proposed that big banks keep enough cash, government bonds and other high-quality assets on hand to survive during a severe downturn on par with the 2008 financial crisis.

17. The Data Have Spoken -

Each new month delivers a flurry of economic data. The current deluge will weigh heavily on the Federal Reserve’s decision to maintain or reduce quantitative easing. Let’s quickly review the recent releases and handicap the Fed’s taper temptation.

18. Citi Executive Works to Improve Small-Business Status -

NEW YORK (AP) – When small-business owners hear the name Citigroup, they're more likely to think of a bank that caters to big corporate and international clients, not one that will serve their needs.

19. US Banks Earn Record $42.2 Billion in 2nd Quarter -

WASHINGTON (AP) – U.S. banks earned more from April through June than during any quarter on record, aided by a steep drop in losses from bad loans.

The Federal Deposit Insurance Corp. says the banking industry earned $42.2 billion in the second quarter, up 23 percent from the second quarter of 2012. About 54 percent of U.S. banks reported improved earnings from a year earlier.

20. The New One Thing -

Now that earnings season has essentially ended, the stock market needs a new muse. The next earnings season begins in early October. In between, analysts will tweak models and revise forecasts, but real data releases overpower estimate releases. In mid-September, the Fed will either reduce bond purchases or buy more time. President Obama will choose between the over-politicized Larry Summers, the over-dovish Janet Yellen or the over-qualified Don Kohn to succeed Ben Bernanke as the next Fed head. We will also soon revisit Washington’s favorite debate over the debt ceiling.

21. Investors, Hang in There -

March 6, 2009, was a dark day in the investment world. The S&P 500 reached an intra-day level of 666 (no, that number is not a typo), as the pains of a prolonged and severe recession had swelled to a genuine concern of a pending economic depression.

22. Ally Financial Firms Paying $198 Million for US Claims -

WASHINGTON (AP) – Ally Financial and its related companies are paying about $198 million to settle federal complaints that the companies wrongfully foreclosed on homeowners.

The Federal Reserve announced the agreement Friday with Ally Financial, the former lending arm of General Motors known as GMAC Mortgage.

23. Earnings Deluge -

Another week is in the books, resulting in another record close for both the Dow Jones Industrial Average and the S&P 500. Buoyed by some more accommodative comments from Federal Reserve Chairman Ben Bernanke during Congressional testimony this week, investors took the occasion to prop the U.S. equity markets to new highs. Coinciding with Bernanke’s testimony, a deluge of second quarter corporate earnings announcements was released. As a reminder, in this space last week, we wrote,

24. Banks' Earnings Pop Masks Deeper Concerns -

NEW YORK (AP) – Major U.S. banks have turned in big profit gains this season, but the news isn't all good.

Much of the earnings increase is coming from cutting costs, rather than growing their core lending businesses. A boom in mortgage refinancing looks like it's about to peter out. And regulators are considering stricter new rules that would force the banks to shore up their cash.

25. Fed Approves Higher Bank Capital Standards -

WASHINGTON (AP) – The Federal Reserve approved higher requirements for the amount of capital reserves banks must hold to cushion against unexpected losses. The change is aimed at preventing a repeat of the 2008 financial crisis.

26. Fannie and Freddie Make $66.3 Billion Payment -

WASHINGTON (AP) – The U.S. government said Monday that it has received $66.3 billion in dividend payments from Fannie Mae and Freddie Mac after both reported stronger earnings at the start of the year.

27. Citigroup Agrees to Pay $968 Million to Fannie Mae -

NEW YORK (AP) – Citigroup has agreed to pay $968 million to Fannie Mae to resolve potential future repurchase claims on residential mortgage loans originated between 2000 and 2012.

A sizable group of the loans were originated during the U.S. housing boom. Mortgage giants Fannie Mae and Freddie Mac bought mortgage loans from banks like Citigroup in the run-up to the financial crisis. Fannie and Freddie teetered as the loans went bad, and they were effectively nationalized in 2008. The government has spent billions to keep Fannie and Freddie afloat.

28. Oakhaven Warehouse Sells for $11.3 Million -

5155 Citation Drive
Memphis, TN 38118
Sale Amount: $11.3 million

Sale Date: May 21, 2013

29. Owner Files Loan on Humphrey Hampton Inn -

The owner of the 121-room Hampton Inn at 33 Humphrey Center Drive in East Memphis has filed a $5.4 million loan on the property.

30. US Banks Report Record Earnings for First Quarter -

WASHINGTON (AP) — U.S. banks earned more from January through March than during any quarter on record, buoyed by greater income from fees and fewer losses from bad loans.

The banking industry earned $40.3 billion in the first quarter, the Federal Deposit Insurance Corp. said Wednesday. That's the highest ever for a single quarter and up 15.8 percent from the first quarter of 2012, when the industry's profits were $34.8 billion.

31. FTN Financial Makes Several New Hires -

The capital markets division of First Tennessee Bank has made several new hires.

FTN Financial Capital Markets has brought on four new professionals as part of the continued expansion of its national municipal bond platform.

32. Median CEO Pay Rises to $9.7 Million in 2012 -

CEO pay has been going in one direction for the past three years: up.

The head of a typical large public company made $9.7 million in 2012, a 6.5 percent increase from a year earlier that was aided by a rising stock market, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm.

33. Obama Nominates Pritzker, Froman for Economic Jobs -

WASHINGTON (AP) – President Barack Obama on Thursday chose two old friends with corporate executive experience for top posts on his economic team, naming longtime fundraiser Penny Pritzker as Commerce secretary and adviser Michael Froman as U.S. Trade Representative.

34. Freddie Mac Accuses Banks of Rigging Rates -

Freddie Mac has sued 15 big international banks, including JPMorgan Chase, Bank of America and Citigroup, accusing them of rigging a key interest rate and causing huge losses for the government-controlled mortgage giant.

35. Freddie Mac Accuses Big Banks of Rigging Lending Rate -

Freddie Mac has sued 15 big international banks, including JPMorgan Chase, Bank of America and Citigroup, accusing them of rigging a key interest rate and causing huge losses for the government-controlled mortgage giant.

36. JPMorgan to Trim 4,000 Jobs, Many in Consumer Banking -

NEW YORK (AP) – JPMorgan is trimming about 4,000 jobs, or about 1.5 percent of its work force, becoming the latest big bank to shrink its staff.

The bank said the cuts will be focused in consumer banking and mortgages. Many of the cuts would come through attrition, but the bank will lay off workers as well, a bank spokeswoman said.

37. Oracle to Buy Acme Packet for About $2.1 Billion -

REDWOOD SHORES, Calif. (AP) – Oracle will buy Acme Packet Inc., which makes equipment for telecommunications companies, for about $2.1 billion.

Acme's gear is used by more than 1,900 service providers and enterprises around the world. Its technology will complement Oracle's offerings for telecoms providers, said Citigroup analyst Walter Pritchard.

38. Lender Processing Paying $121 Million to Resolve Claims -

One of the biggest U.S. mortgage processing companies has agreed to pay $121 million to resolve states' claims that it wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

39. Jack Lew Expected to be Next Treasury Secretary -

WASHINGTON (AP) – White House chief of staff Jack Lew is President Barack Obama's expected pick to lead the Treasury Department, with an announcement possible before the end of the week, as the administration moves to fill the most critical jobs in the Cabinet.

40. Fewer US Banks Fail as Industry Strengthens -

WASHINGTON (AP) – U.S. banks ended 2012 with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They're helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.

41. Citigroup to Cut 11,000 Jobs -

NEW YORK (AP) – Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat.

The cuts amount to about 4 percent of Citi's workforce. The bulk of them, about 6,200 jobs, will come from Citi's consumer banking unit, which handles everyday functions like branches and checking accounts.

42. US Bank Earnings Rise 6.6 Percent, Most in 6 Years -

WASHINGTON (AP) – U.S. banks earned more from July through September than in any other quarter over the past six years. The increase is further evidence that the industry is strengthening four years after the 2008 financial crisis.

43. Securities and Exchange Official Elisse Walter Chosen to Lead Agency -

WASHINGTON (AP) – President Barack Obama has chosen Elisse Walter, one of five members of the Securities and Exchange Commission, to head the agency. Chairman Mary Schapiro will leave next month after a tumultuous tenure in which she helped lead the government's regulatory response to the financial crisis.

44. Five Big US Banks Cut Mortgage Balances by $6.3 Billion -

LOS ANGELES (AP) – Five of the biggest U.S. banks have cut struggling homeowners' mortgage balances by $6.3 billion, part of a total $26.1 billion in home loan relief provided under a landmark settlement over foreclosure abuses.

45. After Pandit, a Smaller Citigroup Could Get Smaller Yet -

NEW YORK (AP) – The incredible shrinking bank may have to shrink more.

In the hours after Tuesday's surprise announcement that Citigroup CEO Vikram Pandit was stepping down, speculation was rife, and facts scant, about what lay ahead for the nation's third-largest bank.

46. Bank of America Says Housing has ‘Begun to Turn' -

NEW YORK (AP) – For banks, mortgage-making kept profits humming before the financial crisis, then blackened reputations and stamped out earnings when the crisis hit.

Now, the business of mortgage lending is more of a mixed bag.

47. Mortgage Comeback? Citigroup Isn't So Sure -

NEW YORK (AP) – Citigroup isn't as enthusiastic as its peers about a comeback in the housing market.

On Friday, executives at Wells Fargo and JPMorgan Chase declared that the long-struggling market had turned a corner. On Monday, Citigroup's top number-cruncher said he wasn't so sure.

48. Dollar General Shareholders to Sell 30 Million Shares -

GOODLETTSVILLE, Tenn. (AP) – Discount retailer Dollar General Corp. said Thursday that some of its shareholders plan to sell 30 million shares of its common stock in an underwritten secondary public offering.

49. AP IMPACT: Aggressive Start for Consumer Bureau -

WASHINGTON (AP) – The new federal agency charged with enforcing consumer finance laws is emerging as an ambitious sheriff, taking on companies for deceptive fees and marketing and unmoved by protests that its tactics go too far.

50. Morgan Stanley to Buy Citi's Smith Barney Stake -

NEW YORK (AP) – Morgan Stanley and Citigroup have settled a dispute Tuesday over the value of the brokerage firm Morgan Stanley Smith Barney, which they jointly own.

51. Tennessee Starting to Benefit From Foreclosure Settlement -

Tennessee homeowners have received more than $36 million in relief from March 1 through June 30 as part of a nationwide settlement reached with the country’s five big mortgage servicers.

That’s according to the office of Tennessee Attorney General Bob Cooper. The relief is in the form of loan modifications, refinances and facilitated short sales.

52. US Bank Earnings Rose 21 Percent in 2nd Quarter -

WASHINGTON (AP) – U.S. bank earnings rose 21 percent in the April-June quarter and lending to consumers increased, adding to evidence that the industry is strengthening four years after the financial crisis.

53. Collins is Wharton's Pick for Finance Director -

Memphis Mayor A C Wharton Jr. has picked Brian Collins, the interim president and CEO of the Postal Employees Credit Union, to be the city’s new director of finance and administration.

54. Study: Companies Paid More to CEOs Than in US Tax -

NEW YORK (AP) – Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank.

55. GOP: Geithner Failed to Tell Congress About LIBOR -

WASHINGTON (AP) – Republican lawmakers are criticizing Treasury Secretary Timothy Geithner for failing to alert Congress four years ago that banks could have been manipulating a key global interest rate.

56. How Apple's Phantom Taxes Hide Billions in Profit -

NEW YORK (AP) – On Tuesday, Apple is set to report financial results for the second quarter. Analysts are expecting net income of $9.8 billion. But whatever figure Apple reports won't reflect its true profit, because the company hides some of it with an unusual tax maneuver.

57. Nursing Home Owner Files $13 Million Loan -

3549 Norriswood Ave.
Memphis, TN 38111

Loan Amount: $13 million

Loan Date: July 13, 2012

58. Morgan Stanley Closes a Bleak Bank Earnings Season -

NEW YORK (AP) — It's tough being a big bank these days.

Morgan Stanley, the storied investment house, reported Thursday that its revenue was down sharply for April through June and its profit missed Wall Street expectations. Its stock was clobbered — down more than 5 percent.

59. Amsdell Cos. Buys Two Storage Facilities -

Cleveland-based Amsdell Cos. has bought a pair of storage facilities from Memphis Storage Group LLC for a combined $4.2 million.

60. Returns Equal Reality Minus Expectations -

At the beginning of the year, expectations ran high. Some economists forecasted U.S. GDP growth rates above 4 percent, European credit spreads indicated crisis containment, and China’s economy appeared to be on a government-conceived glide to slower, non-inflationary growth. As expectations ran high, the first quarter provided stock market investors with the best index returns in 14 years.

61. NY Fed Told of Interest Rate Manipulation in '07 -

WASHINGTON (AP) — The Federal Reserve Bank of New York released documents Friday that show it learned five years ago of big banks understating their borrowing costs to manipulate a key interest rate.

62. FTN Financial Expands Municipal Bond Group -

FTN Financial, a division of First Tennessee Bank, has made several recent hires in its Municipal Bond Group.

63. Big US Banks Submit "Living Wills" to Regulators -

Nine of the largest U.S. banks have submitted plans to the federal regulators that show how they would break up and sell off their assets if they are in danger of failing.

The Federal Deposit Insurance Corp. released summaries of the "living wills" on Tuesday for Bank of America, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS.

64. Dollar General to Sell $450 Million in Senior Debt -

GOODLETTSVILLE, Tenn. (AP) – Dollar General Corp. announced Wednesday that it is offering $450 million in senior notes due in 2017.

The discount retailer said it plans to use the proceeds, along with cash on hand and possible other borrowings, to redeem its outstanding senior unsubordinated notes.

65. JPMorgan Loss Sets Off Call for Heavier Regulation -

WASHINGTON (AP) – A surprise $2 billion trading loss by a division of JPMorgan Chase triggered calls Friday for tougher regulation of banks three years after their near-death experience in the financial crisis.

66. MasterCard, Visa Warn of Cardholder Data Breach -

NEW YORK (AP) – MasterCard and Visa said Friday that they had notified issuers of its credit cards of a potential breach of the security of customer accounts. Visa blamed a third company for the error.

67. Citigroup Settles Over Excessive Charges for $1.2M -

WASHINGTON (AP) – Citigroup is paying $1.25 million to settle with industry regulators over allegations that it charged customers too much on corporate bond transactions.

The Financial Industry Regulatory Authority, the securities industry's self-policing regulator, say it has fined a Citigroup subsidiary $600,000 and ordered it to repay $648,000 to customers for excessive charges.

68. Fannie, Freddie Executive Pay Limited, Bonuses Cut -

WASHINGTON (AP) – The government is capping pay for Fannie Mae and Freddie Mac executives at $500,000 per year and eliminating annual bonuses, giving in to pressure from Congress to stop big payouts at the bailed-out mortgage giants.

69. Raymond James Declares Price for Stock Offering -

Raymond James Financial Inc., the soon-to-be-new parent of Memphis-based Morgan Keegan & Co. Inc., has announced the pricing of its public offering of 10.5 million shares of common stock at $34 per share.

70. Citigroup Pays $158M to Settle Mortgage Fraud -

NEW YORK (AP) – Citigroup has agreed to pay $158.3 million to settle claims that its mortgage unit duped the U.S. government into insuring risky mortgage loans for over six years.

The government said Wednesday that Citi Mortgage certified 30,000 mortgages for insurance provided by the Federal Housing Agency and submitted many certifications that were "knowingly or recklessly false."

71. Pricing Announced for Raymond James Stock Offering -

Raymond James Financial Inc., the soon-to-be new parent of Memphis-based Morgan Keegan & Co. Inc., has announced the pricing of its public offering of 10.5 million shares of common stock at $34 per share.

72. Invest Like It’s 2013 -

The January Effect As each year closes, tax-savvy money managers purge their investment losers to harvest tax losses and window-dress year-end statements. With the turn of the calendar year, unloved names get repurchased, making last year’s losers suddenly this year’s winners.

73. Turbo-Traders Take Bank of America for a Ride -

NEW YORK (AP) – On a normal day, 4 billion shares of stock change hands on the New York Stock Exchange. One in 10 belongs to a single company. It's not McDonald's or IBM, both of which have been on a tear.

74. Foreclosure Deal Nets State $146M -

The state of Tennessee is participating in a $25 billion settlement announced Thursday, Feb. 9, between 49 states – all but Oklahoma – over foreclosure abuses from some of the nation’s biggest lenders.

75. Foreclosure Deal Nets $146M for Tennessee -

The state of Tennessee is participating in a $25 billion settlement announced Thursday, Feb. 9, between 49 states – all but Oklahoma – over foreclosure abuses from some of the nation’s biggest lenders.

76. GTx Shares Up Sharply After Citigroup Report -

Shares of GTx Inc. rose about 50 percent Monday, Jan. 30, after Citigroup predicted the Memphis-based pharmaceutical company was likely about a year away from reporting positive results from its Phase III clinical trials for Ostarine, a drug designed to prevent and treat muscle wasting in cancer patients.

77. GTx Shares Rise 50 Pct. After Positive Citigroup Report -

Shares of GTx Inc. rose about 50 percent Monday, Jan. 30, after Citigroup predicted the Memphis-based pharmaceutical company was likely about a year away from reporting positive results from its Phase III clinical trials for Ostarine, a drug designed to prevent and treat muscle wasting in cancer patients.

78. Banks Face Bumpy Earnings Season -

NEW YORK (AP) – You can usually tell a lot about the health of the U.S. economy by looking at the financial results of banks. They’re the people who finance new factories, plant expansions and fatter payrolls.

79. US Proposes New, Tougher Rules for Big Banks -

NEW YORK (AP) – The Federal Reserve on Tuesday said the largest U.S. banks and financial companies should hold extra cash on their balance sheets to cushion themselves against financial crises.

80. Bank of America Settles Mortgage Suit for $315M -

NEW YORK (AP) – Bank of America agreed to pay $315 million to settle claims by investors that they were misled about mortgage-backed investments sold by its Merrill Lynch unit.

The settlement was disclosed in court papers filed late Monday in U.S. District Court in Manhattan and requires the approval of a judge.

81. NYC Judge Rejects $285M SEC-Citigroup Agreement -

NEW YORK (AP) – A federal judge on Monday struck down a $285 million settlement that Citigroup reached with the Securities and Exchange Commission, saying he couldn't tell whether the deal was fair and criticizing regulators for shielding the public from the details of what the firm did wrong.

82. Citigroup May Cut 3,000 or More Jobs to Cut Costs -

NEW YORK (AP) – Citigroup Inc. is the latest bank seeking to trim costs with a smaller work force.

83. Universal, Sony/ATV to Buy EMI for $4.1 Billion -

LOS ANGELES (AP) – EMI Group Ltd., the iconic British music company that is home to The Beatles, Coldplay and Katy Perry, is being split and sold for $4.1 billion.

The deal will open EMI's buyers, Universal Music and Sony/ATV, to regulatory scrutiny as they increase their dominance of the music industry.

84. US to Conduct 4th Round of Bank Stress Tests -

WASHINGTON (AP) – The second-ranking member of the Federal Reserve said the central bank will conduct a fourth round of stress tests in the coming weeks to determine if U.S. banks can withstand a recession.

85. US Defends $285M Settlement With Citigroup -

WASHINGTON (AP) – The government is telling a federal judge that $285 million is a fair penalty for Citigroup Inc. to pay to settle charges that it misled buyers of a complex mortgage investment ahead of the housing bust.

86. Fed-Up Consumers Planning for 'Bank Transfer Day' -

NEW YORK (AP) – It's moving day for bank customers.

A grassroots movement that sprang to life last month is urging bank customers to close their accounts in favor of credit unions by Saturday.

87. Cybersecurity Importance Grows -

Anyone reading this article via the Internet is part of a crowd that’s 2.5 billion strong. That’s how many people are currently connected to the ‘Net, according to cybersecurity authority Melissa Hathaway, who was in town Thursday to share with the Economic Club of Memphis her warnings about how fragile the world’s digital infrastructure is.

88. Citigroup Paying $285M to Settle SEC Fraud Charges -

WASHINGTON (AP) – Citigroup has agreed to pay $285 million to settle civil fraud charges that it misled buyers of complex mortgage investment just as the housing market was starting to collapse.

89. Citigroup Earnings Rise 74 Percent, to $3.8 Bln -

NEW YORK (AP) – Citigroup's strategy of slimming down and focusing on a few core businesses is paying off.

The New York bank reported third quarter earnings rose 74 percent in the third quarter, to $3.8 billion, due to lower losses from loans and an accounting gain. Its international consumer lending business grew in Asia and Latin America. The bank also decided to keep its credit card partnership with retailers as that business improved.

90. JPMorgan's Income Drop Casts a Pall Over Banks -

NEW YORK (AP) – If JPMorgan Chase can't do well, investors worry that other banks may do even worse.

The New York bank, widely considered the strongest in the industry, reported a 4 percent drop in income last quarter Thursday on weakness in investment banking and more costs related to litigation over mortgage investments.

91. Bank Earnings to Reflect Slowdown From Q3 Turmoil -

NEW YORK (AP) – Investors are bracing for a rough earnings season from banks.

Turbulence in stock and bond markets, combined with waning confidence among business and consumers, hurt banks' business in the third quarter. IPOs were shelved, companies postponed plans to sell bonds, and acquisitions were put on ice. Consumers also held back on spending.

92. Mortgage Fraud Reports Spike as Lawsuits Pile Up -

VIENNA, Va. (AP) – The wave of lawsuits and other demands from investors in mortgage-backed securities contributed to a big spike in reports of likely mortgage fraud during the second quarter, according to a Treasury Department report.

93. Moody's Cuts Lenders' Ratings -

Moody’s Investors Service lowered the debt ratings for Bank of America Corp., Wells Fargo & Co. and Citigroup Inc., saying it is now less likely that the U.S. government would step in and prevent the lenders from failing in a crisis.

94. First Horizon, Fitch Say Risk Manageable -

Bryan Jordan, the president and CEO of First Tennessee Bank’s parent company, told his audience at an industry conference a few days ago in New York City that his company has been out of the mortgage business for three years now.

95. Large Banks Must Show So-Called 'Living Wills' -

The largest U.S. banks will be required to show regulators how they would break up and sell off their assets if they are in danger of failing.

The Federal Deposit Insurance Corp. voted 3-0 Tuesday, Sept. 13, to approve the rules, which were mandated under the financial overhaul passed by Congress last year.

96. Feds Sue 17 Major U.S. Banks, Including First Tenn. Parent -

The federal agency that oversees the government-sponsored mortgage entities Fannie Mae and Freddie Mac has filed lawsuits seeking billions of dollars in compensation from several major U.S. banks, including the parent company of First Tennessee Bank.

97. Feds Sue 17 Major U.S. Banks, including First Tenn. Parent -

The federal agency that oversees the government-sponsored mortgage entities Fannie Mae and Freddie Mac has filed suit seeking billions of dollars in compensation from several major U.S. banks, including the parent company of First Tennessee Bank.

98. Discover Buying $2.5B in Student Loans From Citi -

NEW YORK (AP) – Discover Financial Services on Thursday said it is buying another $2.5 billion in private student loans from Citigroup.

The deal, disclosed in a regulatory filing, comes nine months after Discover bought Citi's private student loan business, The Student Loan Corp., and a portfolio of loans and other assets totaling $4.2 billion.

99. Govt Recoups Bailout Money From Warrant Sales -

The Treasury Department says it has recovered roughly $900 million during the first six months of the year from sales of warrants it received from bailed-out financial companies to offset losses from the Wall Street rescue program.

100. FDIC: Number of Problem Banks Fell to 865 in Q2 -

WASHINGTON (AP) – The number of troubled banks tracked by the Federal Deposit Insurance Corp. fell in the April-June quarter, the first quarterly drop in five years. But growth in bank earnings slowed, a sign that the financial industry is feeling the effects of a weak economy.