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Wall Street preps for post-Hurricane Irene open
Aug 29, 2011
Wall Street firms began preparing last week for backup plans in the case of disaster during Hurricane Irene. As the markets open this morning, it seems they avoided catastrophe.
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Warren Buffett will invest in Bank of America
Aug 25, 2011
Bank of America's stock dropped around 40 percent in recent months. So why is Warren Buffett about to hand them $5 billion?
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What Warren Buffett wants...
Aug 25, 2011
The famed investor wanted a piece of Bank of America after its stock had been beaten down. And Bank of America eventually decided it could use an investment -- $5 billion -- from Buffett.
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Bank of America can't shake doubters
Aug 23, 2011
Shares of the biggest U.S. bank continue to take a beating over concerns about bad mortgages and possible write offs. How bad could it get?
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Are the banks lending more?
Aug 23, 2011
Banks lent more money in the last quarter, the FDIC said in a press release today. Total loans and leases increased by 0.9 percent, $64.4 billion...
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Is Capital One suddenly too big?
Aug 22, 2011
The former credit card company has bought several banks and now is buying ING Direct, a large and popular online bank. It will become the nation's fifth-largest depository bank
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The new destiny of big banks
Aug 19, 2011
It's Bank of America's turn to lay off thousands, but all big banks are waiting for the final reckoning still to come on their troubled real estate portfolios
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What Bank of America's layoffs say about the sector
Aug 19, 2011
Bank of America announced 3,500 layoffs today, with thousands more on the way. Professor Perry Mehrling of Barnard College explains why the layoffs signal tough times ahead for the banking industry.
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Bank of America plans 3,500 layoffs
Aug 19, 2011
Burdened with bad loans from the financial crisis of 2008, Bank of America has plans to lay off thousands of employees.
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Bank of America to slash thousands of jobs
Aug 19, 2011
Bank of America will reportedly cut thousands of jobs in the coming months in an effort to cut costs.
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