Banks

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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?
Posted In: Banks

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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The U.S. and Europe: Dragging each other down

Aug 19, 2011
It seems as though every drop in U.S. stocks is reflected in Europe, and vice versa. We go 'round the world to explore the cyclical nature of global markets.
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Why banks are easily affected by the markets

Aug 18, 2011
Banks have been getting stronger and more profitable since their big bailout, but they still get shaky every time the markets have a tumble. It has a lot to do with old debt and short term confidence
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N.Y. Fed keeps watchful eye on European banks

Aug 18, 2011
The New York Federal Reserve is seeking to ensure that the U.S. arms of European banks are holding enough money in their coffers, in order to be prepared for a future crisis.
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