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 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 5, 2012 This morning Citi says that total is about to shrink -- 11,000 job cuts worldwide in the next year or two, some of them at least here in the U.S.
Stacey Vanek Smith
Oct 22, 2012 Prudential Financial is under federal scrutiny, along with several other companies, for being a "systemic risk."
Oct 11, 2012 Hit by new regulations and low interest rates, banks are likely to dip into reserves for bad loans again to boost third-quarter profits.
Heidi N. Moore
Sep 21, 2012 Bank of America, bloated by national expansion and saddled with bad mortgages, is speeding up its plan to cut 30,000 jobs. The Wall Street Journal says the bank could reach its downsizing goal a year early.
Aug 27, 2012 Vietnam has been on a roller coaster ride for a week. The turmoil was caused by one banker arrested for financial crimes.