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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.
Neil Barofsky on the failures of TARP
Jeff Horwich Jul 24, 2012
The Troubled Assets Relief Program -- TARP -- was the formal name for what we often just call "the bailout." In 2008 Congress allocated $700 billion to stabilize the U.S. financial industry. Congress and President Bush assigned one man to build a team, and police all that spending.
When regulations change: From baseball to banking
Jeremy Hobson Jul 20, 2012
Two years after the Dodd-Frank Law was enacted, many in the banking sector are still grumbling about the change in regulation. How does that compare to when the rules change in another American pastime: Baseball?
Why it might be time to break up big banks
Chris Farrell 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.
Bank of America reports $2.5 billion profit
Scott Tong 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?
RealtyTrac releases foreclosure data for first half of 2012
David Gura Jul 12, 2012
There are some new figures out this morning from RealtyTrac about the number of foreclosures in the U.S. in the first half of this year, and they may shed some light on the so-far elusive housing recovery.
House report links Countrywide, Congress
David Gura Jul 5, 2012
The home lender Countrywide gave preferential treatment to members of Congress, their staffs and employees of Fannie Mae in order to win influence in government, according to a long-awaited review by a House committee.
Scant detail in big banks' 'living wills'
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?
