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.
Aug 17, 2012 Credit unions used to be a banking oasis free from fees. But slowly, credit unions are starting to charge for checking accounts and raising minimums to avoid fees.
Aug 20, 2012 An LAPD police officer gives a tour of his precinct in Watts and the blight foreclosed homes have wrought upon the neighborhood. The City of Los Angeles says the banks who own the homes should be responsible for the upkeep of the foreclosures.
Heidi N. Moore
Aug 16, 2012 The attorneys general of New York and Connecticut have sent subpoenas to several banks, including JPMorgan Chase and Citigroup. When it comes to banking scandals, it's state regulators who are out in front.
Aug 16, 2012 In the midst of the U.S. financial crisis, the economist Luigi Zingales became known for hyping a "managed bankruptcy" for the big banks. That way the banks' private investors, creditors and executives would bear most of the costs of their bad investments.