Jan 7, 2013 In a costly day of legal settlements, 10 banks agree to pay $8.5 billion to four million homeowners for mishandling their foreclosures.
Jan 2, 2013 After the financial crisis, banks are bigger and are complying with more regulation. That means many more pages in their annual reports, but look closely, and the metrics hide straightforward information about the banks' health.
Dec 28, 2012 Most charitable foundations take a big pot of money, usually bequeathed by a rich guy, and invest it for profit -- then take those profits and donate to charity. Great system … unless you aren't actually earning a profit.
Dec 21, 2012 How do you get rid of a worthless stock? Is life insurance for seniors a good investment option? What ever happened to the paper U.S. Savings Bonds? CBS Money Watch editor-at-large Jill Schlesinger answers listeners' personal finance questions.
Dec 14, 2012 The Swiss banking giant UBS is reportedly headed for a $1 billion settlement over accusations it rigged LIBOR interest rates -- the benchmark for global lending.
Dec 13, 2012 European finance ministers struck a major new deal over their debt crisis. They agreed that the European Central Bank -- Europe’s equivalent of the Fed -- should take over the supervision of the continent’s biggest banks.
Dec 11, 2012 The Federal Reserve committee that sets U.S. monetary policy meets today and tomorrow.
Dec 7, 2012 We often hear that women are more risk averse than men. Commentator Helaine Olen says yes, male and female investors may approach risk-taking differently, but that's not why women have less money to put away.
Dec 7, 2012 A lot of investors are on edge about what's going to happen with the fiscal cliff. Economics correspondent Chris Farrell says take a deep breath and don't make any rash decisions.