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British regulators react to LIBOR scandal
Stephen Beard Sep 28, 2012
After a recent scandal surrounding manipulation of a key interest rate, reforms are being proposed.
LIBOR scandal leads to calls for change
Stephen Beard Sep 28, 2012
Reform is on the way after fraudulent manipulation of the London Interbank Offered Rate, or LIBOR, the rate used by many banks in lending to each other.
British banking group gives up LIBOR power
Stephen Beard Sep 26, 2012
A group representing British banks is giving up its responsibility for setting a key global interest rate. The British Bankers Association will no longer control LIBOR -- the London Interbank Offered Rate. That's the benchmark for hundreds of trillions
of dollars in mortgages, student loans and other transactions around the world.
Despite reforms, bank fees keep rising
Bob Moon Sep 24, 2012
Banks are spreading the pain of fees to a wider swath of clients, according to a Bankrate study. Free checking is a dwindling option.
Bank of America announces 16,000 layoffs
Jeremy Hobson 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.
A Florida community banker weighs in on the election
Jeremy Hobson Aug 29, 2012
As part of our coverage of "The Real Economy" -- what matters most to voters this election year -- we've invited a guy named Mike Sleaford into the studio to give us his thoughts on the election and the economy.
Mexico experiments with the 'branchless' bank
Alex Goldmark Jul 26, 2012
With costs to open rural bank branches prohibitive, tech companies look to turn payphones into virtual banks.
Four more banks under investigation in LIBOR scandal
Stephen Beard Jul 19, 2012
According to the Financial Times newspaper, four big European banks have joined Barclays in the not-so-prestigious club of financial institutions being investigated for rigging a benchmark lending rate called LIBOR.
Goldman to open private bank
Heidi N. Moore Jul 17, 2012
In the face of a tough banking market and disappointing earnings, Goldman Sachs announced this week that it will build a private bank -- joining the ranks of UBS and U.S. Trust and others -- that will manage and lend money to very wealthy individuals and companies.
HSBC faces hearing for money-laundering lapses
Stephen Beard Jul 17, 2012
A congressional watchdog panel will be grilling executives from the British bank HSBC about -- get this -- money laundering, drugs and terrorist financing.
