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?
May 21, 2012
How do you recommend investing funds in an emergency savings account? Peter, Cherry Hill, NJ
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.
May 18, 2012
My wife and I recently refinanced our home. We paid off the home equity line and the existing mortgage, and now our monthly payments are $500 less than they were previously. What should we do with these savings? Thank you. Jeff, Amherst, MA
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.
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.
May 16, 2012
With a new general election on the way in Greece and the country's membership in the European Single Currency in the balance, people in Greece are trying to keep their bank accounts from losing value if ever the euro is dropped. Greece's central bank chief says depositors pulled about $900 million about of bank accounts Monday alone.
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 Almost a billion dollars worth of deposits was withdrawn on Monday alone.
May 15, 2012
In Tampa, Fla. today, there's a JPMorgan Chase shareholder meeting going on. Not a great time for CEO Jamie Dimon to face shareholders, given the $2 billion trading loss he announced last week.
May 11, 2012
My husband and I just refinanced our house at a great rate (15-year fixed mortgage at 2.875 percent). Our house payment is low and we can afford to pay more each month. Would the best use of our money be to pay down the principal on this low-interest loan or put extra away for retirement or for our children's college fund? We have two young children and are in our late 20s/early 30s. Thanks for your help! Katie, Helena, MT
