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Moody's downgrades: European or global problem?
Jeremy Hobson Jun 22, 2012
Global markets are down about a percent this morning after the rating agency Moody's downgraded the credit ratings of 15 of the largest banks in the world. Among them, European institutions -- but also big American banks like JP Morgan Chase and Bank of America.
Spain in trouble as borrowing costs rise over 7%
Jeff Horwich Jun 19, 2012
If yesterday was all about Greece, today belongs to Spain. Concern about Spanish banks has pushed the government's borrowing costs over 7 percent. That's a level that pushed other smaller European countries -- like Greece -- over the edge.
Investing in sustainability: Banks get a green thumb
David Brancaccio Jun 14, 2012
This week, Bank of America became the latest bank to make a sustainability pledge. The New York Times suggests this a way for Wall Street to restore its image. But, instead, could it just be a savvy investment strategy?
How a CEO prepares for Senate testimony
David Brancaccio Jun 13, 2012
The CEO of JPMorgan has been summoned to Capitol Hill today. According to his prepared remarks, Dimon will apologize, saying he feels "terrible" about the $2 billion blunder.
Banks warm to short sales for strapped homeowners
Bob Moon May 31, 2012
Pre-foreclosure sales are offering more relief in the tough housing market.
Why disclosure wasn't enough to stop JPMorgan losses
David Brancaccio May 22, 2012
After the financial crisis of 2008, regulators focused on the idea of disclosure to prevent further problems in the financial industry. But what happens when the bank itself doesn't know how bad things are?
European banks continue to fear extra withdrawals
Steve Evans May 21, 2012
Europeans are withdrawing extra money from their bank accounts in case the continent's financial crisis deepens and the single currency system falls apart.
Occupy movement takes up responsible banking cause
Krissy Clark May 17, 2012
Chicago is getting ready for all the world leaders who will be in town for the big NATO meeting that starts today -- and for the busloads of people who will be coming into town to protest. Some will be associated with the Occupy Movement, which is hoping to re-ignite after a quiet winter.
JPMorgan losses now estimated at $3 billion
Gregory Warner May 17, 2012
Problems continue to swell for the banking giant, whose reported $2 billion loss could actually now be something more like $3 billion.
Fears of bank runs on the rise in Greece
Jeremy Hobson May 16, 2012
New elections are scheduled for June 17th in Greece, but that may not be soon enough to calm fears at Greek banks. Almost a billion dollars worth of deposits was withdrawn on Monday alone.
