Banks

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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.
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

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.
Posted In: Banks

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
Posted In: Banks

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.
Posted In: Banks

Getting a loan gets easier -- or does it?

Aug 15, 2011
Banks are making it easier to borrow, but loans are still hard to get. That's the conclusion of a report on bank lending released today by the Fe...
Posted In: Banks, Federal Reserve

Banks are jumpin' and the market is high

Aug 12, 2011
Bank of America, Citi, Wells, RBS, up, up, UP! Shares in banking companies sashayed higher today ... and no-one could really explain why. Many o...
Posted In: Banks, The Breakdown: Markets

Investors say 'c'est la vie' to the latest banking crisis

Aug 11, 2011
After another big sell-off yesterday, shares are back up in overseas trading this morning -- one reason for that rebound is that people aren't as worried about French banks and the credit rating of France's debt.
Posted In: Banks

Hackers take as much as $1 billion a year. Somehow that's your fault

Aug 5, 2011
Bloomberg reports hackers are making up to $1 billion a year in transfers on accounts businesses have with small banks. Instead of recovering the...
Posted In: Banks, hacking, Money, security

New regulations mean banks lose workers

Aug 3, 2011
Job cuts announced by HSBC, Barclays and others already total close to 50,000 globally. Why so much pain in the financial sector? From London, Marketplace's Stephen Beard reports.
Posted In: Banks

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