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R. Allen Stanford convicted for Ponzi scheme
Mar 7, 2012
A Federal Jury in Texas has convicted Allen Stanford of defrauding investors to the tune of $7 billion in a Ponzi scheme.
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J.P. Morgan profits despite its depositors
Feb 29, 2012
J.P. Morgan Chase is posting record profits and opening hundreds of new branches. But most depositors don’t make the bank any money at all.
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British PM David Cameron fights 'anti-business' mood
Feb 23, 2012
Several of Europe's biggest banks are reporting billion dollar losses today and yet, banks are handing out billions in bonuses and getting a lot of flack for it.
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Investment banking hard on the mind and body
Feb 15, 2012
New research shows that work 100+ hours a week as an investment banker -- or a lawyer or software engineer -- can be a big hazard.
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Federal Reserve considers Capital One-ING Direct merger
Feb 7, 2012
Capital One wants to link up with the Internet Bank ING Direct USA in a $9 billion deal, but it has to get approval from the Federal Reserve.
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Big bank earnings signal fourth quarter troubles
Jan 17, 2012
Wells Fargo and Citigroup reported earnings today, and both were doing well until October, when Europe's debt crisis started to take its toll.
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Fourth quarter profits down for JPMorgan Chase
Jan 13, 2012
America’s biggest bank announces a 23 percent drop in fourth quarter profits but still has its best year ever.
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Bank failures down but not done
Jan 3, 2012
The number of bank failures in 2011 fell from the previous year, but banks are far from being out of the woods just yet.
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2011 in review: The banking industry
Dec 28, 2011
From pesky hidden fees to the status of Dodd-Frank financial reform, from the impact of Europe's debt crisis to lending -- we look back at the year in banking.
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Has the ECB action helped avert a banking crisis?
Dec 22, 2011
The European Central Bank yesterday printed $640 billion worth of euros, almost the same amount of money as the TARP program used by the U.S. government during the financial crisis in 2008.
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