Posted In: Banks
Citigroup earnings topped $2.2 billion, the third quarter it has made profits. A poster child of the financial crisis, Citigroup has been trying to recover by selling off businesses. At the same time, it's building up its core businesses. Alisa Roth reports.
Marketplace's Alisa Roth visits a new kind of payday lender that is part of an FDIC pilot program. The program gives payday loans -- but it gives borrowers get personalized financial advice and more time to repay the loans.
Posted In: Crime, Housing
The Justice Department is looking into whether banks have been improperly foreclosing on properties and evicting the owners. Ally Financial, JPMorgan Chase and Bank of America have halted foreclosures in 23 states while they try to figure out whether legal paperwork is in, in fact, legal. What will the freeze will do to the real estate market? Alisa Roth reports.
Microsoft is about to open its fifth and biggest retail store directly across from the Apple store at the Mall of America in Minnesota. It's Microsoft's boldest attempt to compete with Apple. Alisa Roth reports on Microsoft's year-old move into retail.
Posted In: Auto
More than a thousand Lincoln dealers have been summoned to Ford's headquarters to hear the automaker's plan for reviving the luxury brand. Ford has sold off its other upscale lines and is shutting down Mercury, so its last challenge in a sweeping turnaround is reinventing Lincoln. Alisa Roth reports.
JPMorgan Chase bought the ailing Washington Mutual for less than $2 billion -- now it wants the FDIC to give it triple that amount for the lawsuit claims related to Washington Mutual's failure.