Sep 20, 2012 Bank of America is accelerating plans to cut costs by laying off workers. According to the Wall Street Journal, the bank has set a target of cutting 16,000 jobs by the end of this year -- about 6 percent of the bank's workforce.
Sep 17, 2012 China is about to make its biggest ever bank acquisition abroad, according to the Financial Times. It says China could spend as much as $15 billion buying a bank in Europe.
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.
Jul 18, 2012 Bank of America just reported its quarterly earnings and they're better than expected: $2.5 billion in profit. What does that mean for the U.S. economy on the whole?
Jul 16, 2012 This morning we've been looking at the impact of the largest antitrust class action settlement in U.S. history. The major credit card companies as well as the big banks have agreed to pay more than $7 billion to retailers for alleged collusion of credit card fees.
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.
Stacey Vanek Smith
Jul 10, 2012 Retailers hoping to offset fees they pay to Visa and MasterCard may soon be able to charge shoppers for paying with plastic instead of cash.
Jun 19, 2012 A theme of these blog posts is that fees matter when it comes to investment returns.
Jun 15, 2012 Would you investigate the trajectory of a single dollar bill? Let me explain. So you go to the store and buy things, then you pay with a $100 bill. What happens to that note? In a nutshell, my question is: What is the route that a single bill takes? How does it circulate? How far can it travel? Homero, Sacramento, CA
Heidi N. Moore
Jun 13, 2012 JPMorgan CEO Jamie Dimon apologized for not doing a better job supervising trades that lost his bank billions. Dimon emphasized that while bank shareholders lost money, their clients and taxpayers did not.