(Reuters) - Some former bankers are planning to bid for failing banks in the Federal Insurance Deposit Corp auction process, and getting financial backing from Wall Street firms like Goldman Sachs Group Inc <GS.N> and Deutsche Bank AG <DBKGn.DE>, the Wall Street Journal reported citing sources.

Banks will have to secure their customers' consent before charging large overdraft fees on ATM and debit card transactions, according to a new rule announced by the Federal Reserve.

Banks will have to secure their customers' consent before charging large overdraft fees on ATM and debit card transactions, according to a new rule announced Thursday by the Federal Reserve.

The Federal Housing Administration's financial cushion has fallen to a dangerously low level, but government officials maintain the agency should avoid a taxpayer bailout under "most economic scenarios."

Morgan Stanley's brokerage unit is getting more aggressive in trying to lure financial advisers as the wider retail brokerage job market heats up.

After a slow start, the Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report says.

Some 650,000 borrowers have thus far  received a trial loan modification under the Obama administration plan.

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Warren Buffett's Berkshire Hathaway Friday said third quarter net income tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.

Eight major US banks that received government bailouts have already set aside $117.6 billion this year to pay employees, almost as much as they paid in all of 2008, a Reuters analysis finds .

A US bankruptcy judge set a December 8 hearing to consider approval of CIT Group's reorganization plan, aiding the large commercial lender's effort to emerge from bankruptcy by year's end.

The nation's biggest banks face a February deadline for submitting employee compensation plans to the Federal Reserve, according to people with knowledge of the process.

Signed contracts to buy previously occupied U.S. homes rose for the eighth straight month in September as buyers scrambled to take advantage of a tax credit for first-time buyers.

Investors looking to have a hand in the future of frugal will watch shares of discount retailer Dollar General, which will begin trading Friday now that the company has priced its initial public offering.

Not only have credit card companies continued to use practices that will be outlawed under a strict law due to take effect in February.