May 6, 2015 Shadow banking has grown since the financial crisis. Sr. Producer Paddy Hirsch casts a light on the system and explains why it's so dangerous.
Apr 13, 2012 The two major banks beat expectations with JPMorgan reporting a $5.4 billion profit last quarter, and Wells Fargo making a $4.2 billion profit. Both said an uptick in mortgage lending helped their bottom lines.
May 3, 2012 Commentator Robert Reich says the continued specter of 'too big to fail' compels nothing less.
Heidi N. Moore
Mar 14, 2012 Citigroup put up a blog post today disputing that the bank had "failed" the Federal Reserve's stress tests.
Mar 14, 2012 Now that most big U.S. banks are deemed healthy enough to sustain a financial crisis, will they aid the economic recovery?
Heidi N. Moore
Mar 13, 2012 Turns out American banks are in a much better position financially than we thought.
Feb 29, 2012 Barclay’s, JPMorgan Chase, and Capital One announced that they’ll launch a trial program for a mobile payment system this summer, joining the ranks of Google Wallet and other mobile payment programs.
May 6, 2015 Prop trading, as it’s called on Wall Street, is the target of the Volcker Rule, a centerpiece of the Dodd-Frank financial reform act. Marketplace’s Paddy Hirsch explains what proprietary trading is, and why it’s potentially dangerous for our savings and the financial system.
Elizabeth Wynne Johnson
Feb 22, 2012 The Consumer Financial Protection Agency will question banks about how overdraft fees may create serious economic hardship for consumers least able to afford it.