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Barclays agrees to $450 million settlement over rate manipulation
Paddy Hirsch Jun 27, 2012
Barclays Bank, based in London, is paying $450 million to settle securities investigations in the U.S. and the U.K. Regulators accused the bank of manipulating a critical interest rate -- the so-called "Libor" rate -- to its own advantage.
Moody's downgrades 15 major banks
Stephen Beard Jun 22, 2012
The credit rating agency Moody's slashed the ratings of 15 of the world's biggest financial institutions, including Citigroup and Bank of America here in the U.S. and Barclays and Credit Suisse in Europe.
Moody's cuts ratings of major international banks
Heidi N. Moore Jun 22, 2012
Moody's has downgraded the credit ratings of 15 banks in Europe and North America -- that continues to rattle markets in Asia and Europe today so far.
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.
After Moody's downgrade, will banks need bailouts?
Heidi N. Moore Jun 22, 2012
After U.S. markets closed yesterday, the rating agency Moody's delivered more bad news -- this time to 15 of the world's largest banks, including the biggest American banks. The fine print of the downgrade hints at more bank bailouts down the road.
Moody's downgrade 'for the banks' own good'
Heidi N. Moore Jun 22, 2012
The credit rating agency Moody's slashed the ratings of 15 of the world's biggest banks, including most of the big guys here in the U.S.
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.
Rating agencies: No longer the final word
Eve Troeh Jun 11, 2012
The ratings agency Moody's could lower credit ratings on the bonds of several U.S. banks this month. The downgrades could send ripples, but not shock waves, throughout the economy.
