Jul 11, 2012 News this morning that Bob Diamond, the former head of Barclay's bank has given up $30 million in bonuses after resigning over that interest rate rigging scandal. And the scandal has brought up the issue -- yet again -- of whether current regulations on the financial industry are adequate.
Jul 5, 2012 Today central banks in Europe and China announced new monetary stimulus measures to spur economic growth. How will the global stimulus measures impact the U.S. economy and unemployment?
Heidi N. Moore
Jul 8, 2012 An investigation into LIBOR -- a crucial interest-rate benchmark -- has resulted in a fine for Barclays and the resignation of its chairman, Marcus Agius. But what does it all mean for the average American? Easy Street is here to help.
Jun 26, 2012 The Federal Reserve's most recent policy move is simply a way of driving down interest rates. But how does it work? Sr. Producer Paddy Hirsch explains Operation Twist with a simple analogy.
Jun 14, 2012 I have been paying down my debt using the snowball method. I'm making great headway and have cut my debt load in half in 3 years. I'm at a point where I need to choose between a home-equity loan with a variable rate (currently at 4.24 percent but eligible for tax deductions) and a car loan at 3.5 percent fixed. Which makes more sense to pay down? Scott, Chatham, MI
Jun 8, 2012 There is an implication by those in the media that the Fed is essentially out of tools when it comes to lowering interest rates. Can the Federal Reserve lower the Fed Funds rate below zero? If so, what would be the implications for borrowers, savers and the macroeconomy? Richard, Marietta, GA
Jun 7, 2012 Federal Reserve Chairman Ben Bernanke was on Capital Hill today, he didn't rule out action, but did not suggest any immediate policy changes.
Jun 7, 2012 China's central bank this morning surprised global markets by cutting interest rates for the first time since 2008 in an effort to stimulate the slowing economy.
Jun 7, 2012 Spain raised $2.6 billion in a bond sale this morning, but the higher interest rate of 6.1 percent shows that investors are still concerned that Spain has not wiped their hands clean of the financial mess just yet.
Jun 7, 2012 Fed Chairman Ben Bernanke may announce a new plan for interest rates today on Capitol Hill. Six in 10 Americans want the Federal Reserve to consider the negative impact of low interest rates on retirees and savings.