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Bank of America retrenches as rivals grow

Mar 8, 2011
Stung by bad mortgages and mergers, Bank of America plans to cut costs, staff and branches as rivals Wells Fargo and JPMorgan Chase expand.
Posted In: Banks

Pittsburgh bank clings to free checking

Mar 1, 2011
Defying a trend, regional bank PNC Financial Services says it will keep free checking accounts -- but withdraw other perks for bank customers.
Posted In: Banks

NYC asks investment banks for revenue ideas

Mar 1, 2011
New York's City Hall is seeking investment banks' advice for how to raise revenue from 50,000 parking meters and other services.
Posted In: Banks, New York

London to freeze Gaddafi family assets

Feb 25, 2011
Protests continue today in Libya. As the United Nations and NATO begin to organize efforts to ease the violence, European governments are moving to freeze the assets of Libya's leader Muammar Gaddafi, as Stephen Beard explains.
Posted In: Banks

Barclays' Lehman deal backed by New York judge

Feb 23, 2011
A New York judge has thrown out a claim accusing British bank Barclays of unfairly purchasing pieces of failed Wall Street firm Lehman Brothers. Lawyers claimed Barclays hurried the deal to earn billions of dollars in profits. Stephen Beard explains.
Posted In: Banks

Egypt opens banks, businesses

Feb 21, 2011
Over the weekend, Egypt began the slow process of reopening businesses, schools, banks and museums following the political turmoil that led to the resignation of former president Hosni Mubarak. As Mitchell Hartman reports from Cairo, Egypt is beginning to recover from weeks of protesting and unrest.
Posted In: Banks

Senate to query regulators on financial reform

Feb 18, 2011
Six months after the Dodd-Frank law passed, the Senate Banking Committee questions regulators about their progress in fixing the financial system.
Posted In: Banks

Banks likely face fines over foreclosure mess

Feb 17, 2011
Bank of America, JPMorgan Chase and other big U.S. banks are likely to be fined by federal regulators for mishandling home foreclosures.
Posted In: Banks, Housing

IMF says embattled Kabul Bank should be taken over

Feb 17, 2011
The International Monetary Fund has recommended that Afghanistan's largest bank, Kabul Bank, be placed in receivership and sold off. The IMF hopes this move will stabilize the country's corrupt financial system.
Posted In: Banks

Richard DeKaser: Inflation affects food and gasoline prices

Feb 16, 2011
Jeremy Hobson speaks to Richard DeKaser, economist at the Parthenon Group, about today's inflation numbers from the U.S. Labor Department.
Posted In: Banks, Retail

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