Oct 25, 2012 CEOs from across the country are asking Congress to figure out how to decrease the deficit. But how pure are their intentions?
Oct 2, 2012 JPMorgan Chase is facing a new law suit: civil fraud charges in New York state, over mortgage-backed securities. How does this case differ from potential criminal charges?
Heidi N. Moore
Sep 28, 2012 Bank of America will pay $2.4 billion to shareholders as part of a settlement announced this morning. It's compensation for maybe not sharing the whole story when B of A bought the failing brokerage Merrill Lynch in 2008.
Sep 28, 2012 After a recent scandal surrounding manipulation of a key interest rate, reforms are being proposed.
Sep 28, 2012 Reform is on the way after fraudulent manipulation of the London Interbank Offered Rate, or LIBOR, the rate used by many banks in lending to each other.
Sep 27, 2012 While consumer confidence may be higher, business executives are less bullish
Sep 26, 2012 A group representing British banks is giving up its responsibility for setting a key global interest rate. The British Bankers Association will no longer control LIBOR -- the London Interbank Offered Rate. That's the benchmark for hundreds of trillions of dollars in mortgages, student loans and other transactions around the world.
Sep 24, 2012 Banks are spreading the pain of fees to a wider swath of clients, according to a Bankrate study. Free checking is a dwindling option.
Sep 20, 2012 Bank of America is accelerating plans to cut costs by laying off workers. According to the Wall Street Journal, the bank has set a target of cutting 16,000 jobs by the end of this year -- about 6 percent of the bank's workforce.