Banks

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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.
Posted In: Banks

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?
Posted In: Banks

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.
Posted In: Banks

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...
Posted In: Banks

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
Posted In: Banks

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
Posted In: Banks

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.
Posted In: Banks

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.
Posted In: Banks

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.
Posted In: Banks

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