Jul 19, 2012 As banks face scrutiny over questionable practices, Chris Farrell explains why breaking up some of our biggest banks would solve a lot of problems.
Jul 16, 2012 Major credit card companies -- Visa and Mastercard -- as well as big banks have agreed to pay more than $7 billion to retailers to compensate for alleged price fixing of credit card fees. Some retailers think the settlement does not go far enough to protect retailers and consumers.
Jul 16, 2012 Visa, Mastercard, and some big banks agreed to pay $6.6 billion late Friday to end a fight over fees they charge retailers. And the settlement is likely to affect all of us.
Heidi N. Moore
Nov 14, 2012 The nine biggest banks in the U.S. have submitted plans for how to avoid a taxpayer bailout if they become insolvent. But will these plans work?
Jul 2, 2012 The chairman of Barclays Bank in London resigned today. Last week, Barclays agreed to pay $450 million to settle allegations that it conspired to manipulate a key interest rate, and some say CEO Bob Diamond should step down as well.
Jun 25, 2012 There's a new settlement related to the Bernie Madoff Ponzi scheme. It's about a money manager named Ezra Merkin, who has agreed to pay more than $400 million dollars to his former customers who lost billions when he invested their money with Madoff.
Jun 1, 2012 A bank run occurs when customers run down to the bank and demand their money back. So, why can't the bank just return the cash? Sr. Producer Paddy Hirsch explains using a human heart analogy.
Heidi N. Moore
May 11, 2012 New York bureau chief Heidi Moore discusses why JPMorgan's $2 billion blunder is affecting markets worldwide and how big a $2 billion loss really is.
Stacey Vanek Smith
May 10, 2012 How significant is this green light from the Federal Reserve and should U.S. banks worry?