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.
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.
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?
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.
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.
Jun 6, 2012 The credit rating agency Moody's downgraded seven German banks today, noting their exposure to Europe's debt problems and slower economic growth.
May 31, 2012 Pre-foreclosure sales are offering more relief in the tough housing market.
May 23, 2012 Six years ago, Ford lost billions when SUV sales stalled. It borrowed billions, and put up factories and its famous trademark as collateral. After a major restructuring, the automaker has earned an investment-grade rating from Moody's.
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?