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Bank of America agrees to $8.5 billion mortgage settlement

Jun 29, 2011
Bank of America will pay $8.5 billion to settle claims that the lender sold bad mortgage-backed securities to investors that went bad when the housing boom went bust.
Posted In: Banks

Lagarde's appointment may be a missed opportunity

Jun 29, 2011
Simon Johnson, professor at MIT and a former chief economist at the IMF, says newly appointed International Monetary Fund chief Christine Lagarde will favor the interest of French banks, and that the IMF missed an opportunity to emphasize foreign markets.
Posted In: Banks

New Jersey asks JPMorgan for a $2.25 billion loan

Jun 28, 2011
Garden State officials are negotiating a temporary bank loan with JPMorgan to cover a revenue gap in the new fiscal year. But is it normal for a state to seek a loan like this?
Posted In: Banks

Banks ordered to hold more capital

Jun 27, 2011
A group of central-bank leaders announced on Saturday that the world's biggest banks will have to hold more capital on their balance sheets to protect themselves in case of another crisis.
Posted In: Banks

Jumping through hoops for decent interest rates on checking accounts

Jun 23, 2011
Consumers can find relatively high checking account interest rates these days. But there's a catch -- or a couple.
Posted In: Banks

New ways for banks to profit from you

Jun 20, 2011
Banks and credit card companies are looking for ways to make up billions in fees they can no longer charge, thanks to new regulations. Your shopping habits are high value.
Posted In: Banks

LulzSec and Anonymous declare war on all governments

Jun 20, 2011
So who are you rooting for: the entire sociopolitical order as we know it or nameless hacker groups? Well, pick one, because apparently war is...
Posted In: anonymous, Banks, government, hacking, lulzsec

Debit and credit cards may strike you a deal

Jun 18, 2011
Credit cards and banks know a lot about what you purchase, and they're offering that information to merchants so they can target ads tailored to you. Reporter Stacey Vanek-Smith discusses how it all works.
Posted In: Banks, Credit Cards

The banking business -- in high school

Jun 17, 2011
A couple of high school kids in Florida set up a credit union for their student body. Now students can start learning how to manage their money early.
Posted In: Banks

SEC could file civil charges against ratings agencies

Jun 17, 2011
The Wall Street Journal is reporting that the Securities and Exchange Commission could file civil fraud charges against some credit ratings agencies for potential negligence in mortgage-bond deals that helped trigger the financial crisis. Jean Eaglesham from the Wall Street Journal explains.
Posted In: Banks

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