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Robert Reich: Why we should break up the banks
Robert Reich Jan 9, 2013
Commentator Robert Reich offers his suggestion for this year's biggest bipartisan economic initiative: Breaking up Wall Street's biggest banks.
A user's guide to Basel
Stephen Beard Jan 7, 2013
The Basel Committee on Banking Supervision made some significant changes to the financial rules of the road today.
Banks settle again, homeowners to get relief
Dan Bobkoff Jan 7, 2013
In a costly day of legal settlements, 10 banks agree to pay $8.5 billion to four million homeowners for mishandling their foreclosures.
Bank balance sheets are incomprehensible, even to experts
Sarah Gardner Jan 2, 2013
After the financial crisis, banks are bigger and are complying with more regulation. That means many more pages in their annual reports, but look closely, and the metrics hide straightforward information about the banks' health.
UBS could face a $1 billion LIBOR settlement
Stephen Beard Dec 14, 2012
The Swiss banking giant UBS is reportedly headed for a $1 billion settlement over accusations it rigged LIBOR interest rates -- the benchmark for global lending.
European leaders agree ECB should supervise big banks
Stephen Beard Dec 13, 2012
European finance ministers struck a major new deal over their debt crisis. They agreed that the European Central Bank -- Europe’s equivalent of the Fed -- should take over the supervision of the continent’s biggest banks.
Citigroup announces 11,000 layoffs
Jeff Horwich Dec 5, 2012
This morning Citi says that total is about to shrink -- 11,000 job cuts worldwide in the next year or two, some of them at least here in the U.S.
Bank profits could hinge on bad-loan reserves
Mark Garrison Oct 11, 2012
Hit by new regulations and low interest rates, banks are likely to dip into reserves for bad loans again to boost third-quarter profits.
Banker's arrest sends Vietnamese markets spiraling
Jeremy Hobson Aug 27, 2012
Vietnam has been on a roller coaster ride for a week. The turmoil was caused by one banker arrested for financial crimes.
More credit unions adding and raising fees
Bob Moon Aug 17, 2012
Credit unions used to be a banking oasis free from fees. But slowly, credit unions are starting to charge for checking accounts and raising minimums to avoid fees.
