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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

How to manage U.K.'s rising inflation

Feb 16, 2011
The Bank of England will announce its outlook for U.K. growth and inflation today. Amid cost-of-living concerns, the central bank faces a tough decision: Is the economic recovery strong enough to handle an increase in interest rates in order to curb inflation? Christopher Werth has more.
Posted In: Banks

Why it takes so long for checks to clear

Feb 10, 2011
In an economy where more people are temporary employees or going the freelance route, checks are the way to pay people. But depositing that check doesn't mean instant money in the bank account.
Posted In: Banks

U.S. Treasury selling stock warrants in TARP recipient Wintrust

Feb 9, 2011
Small Illinois bank Wintrust Financial has already paid back its TARP money.
Posted In: Banks

MID-DAY UPDATE: You've got mail, Huffington Post, tough times in Tunisia, Reaganomics and 2011

Feb 7, 2011
AOL is buying The Huffington Post for $315 million in a merger it hopes will move the company away from dial-up modems and towards new media and...
Posted In: advertisements, aol, Arianna Huffington, Banks, commercials, Egypt, mid-day update, Reaganomics, Ronald Reagan, Super Bowl, The Huffington Post, Tunis, Tunisia

New rules for banker bonuses

Feb 7, 2011
Federal rules would pay top earners over several years, so pay could be held back if deals eventually go bad.
Posted In: Banks

JPMorgan Chase snared in Madoff lawsuit

Feb 4, 2011
Suit alleges JPMorgan bankers suspected fraud long before Madoff's arrest, raising questions about a bank's duty to sound the alarm on a client.
Posted In: Banks, Investing

Egypt bank closures halt remittances

Feb 2, 2011
The shutdown of banks in Egypt is blocking Egyptians working overseas from sending money home. Remittances are nearly as important to the economy as tourism.
Posted In: Banks, Personal Finance

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