Pages
Standard Chartered bank struggles against scandal
Christopher Werth Aug 7, 2012
Shares of the British bank Standard Chartered are tanking in London this morning -- down some 25 percent.
New York financial regulators say the bank concealed billions of dollars of illegal transactions for Iranian customers.
Standard Chartered shares down following Iran allegations
Karen Hoggan Aug 7, 2012
Standard Chartered could soon have its banking license revoked in the nation's financial center, because of allegations that the bank has been hiding tens of thousands of secret transactions with Iran.
How bank-rate rigging hits the real world
Heidi N. Moore Aug 6, 2012
The LIBOR rigging scandal extends beyond Wall Street. Local governments allege fake rates made budget shortfalls worse and hit public services.
Housing market has hit bottom, but will remain flat
Chris Farrell Aug 2, 2012
Don't believe those real estate agents when they say the housing market's hit bottom and is going to rebound. The market is going to be flat for a long time to come.
FHFA rejects White House plan for Fannie and Freddie
Amy Scott Aug 1, 2012
A federal housing regulator is rejecting a White House plan to help borrowers who are underwater on their mortgages. That means they owe more than their homes are worth and there are about 11 million people in that category. The Federal Housing Finance Agency said the potential benefits of cutting mortgage balances for those people don't outweigh the costs.
City planners warm to 'accessory apartments'
John Dimsdale Jul 31, 2012
But many frown on using extra space in single-family homes for housing.
The problems with big banking, from back in the '90s
Jeff Horwich Jul 30, 2012
Last week we spent plenty of breath on Sandy Weill, the former head of Citigroup. Back in the '90s, he fought for his and other banks to grow huge and complex. Then last week Weill goes on TV and says: "It's time to break up the big banks."
Are banks benefitting from CARD Act they lobbied against?
John Dimsdale Jul 26, 2012
A law restricting credit card acess for poor credit risks has resulted in fewer defaults.
Father of big banking Sandy Weill changes tune
Heidi N. Moore Jul 26, 2012
Sandy Weill, who engineered Citigroup and the creation of megabanks, says big banks should be split up. Will the debate now gain traction?
LIBOR rigging could be made a crime in Europe
Stephen Beard Jul 25, 2012
In the ongoing LIBOR interest rate rigging scandal, European lawmakers have proposed making interest rate rigging a crime.
