Sep 24, 2012 It's been four years since the investment bank Lehman Brothers went under, and a federal court in Australia has just found the bank liable for damages in a class action lawsuit over the sale of mortgage-backed securities.
Jul 23, 2012 Former TARP Inspector General Neil Barofsky talks about his new tell-all, "Bailout," on what went on during the height of the financial crisis.
Jul 11, 2012 In Spain today, the government announced new austerity measures to meet the terms of the bank bailout early this month: $80 billion worth of tax increases and pay and benefit cuts.
Jun 11, 2012 Just in time for the Greek elections next weekend, the EU bailout of Spanish banks aims to send the signal that the eurozone will stand behind its biggest countries.
Jun 11, 2012 European leaders agreed to bail out Spain's banks to the tune of $125 billion over the weekend. Spanish banks were hemorrhaging cash ahead of this weekend's crucial election in Greece -- that could lead to a Greek exit from the euro.
Jun 11, 2012 Wounded banks in Spain will now be able to draw up to $125 billion in money from the EU. Spanish Prime Minister Mariano Rajoy credited government reforms with limiting the scope of the financial crisis to the banking system.
Jun 11, 2012 Now that Spain has received a favorable bailout deal, will other countries in Europe expect the same?
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.
May 28, 2012 The Spanish government is wrangling with how to rescue its troubled banks. The Spanish bank Bankia needs about $24 billion in new capital.