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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

B of A named most valuable banking brand in the world

Feb 1, 2011
This final note today, from the Marketplace desk of how the heck does this happen? Bank of America has somehow become the most valuable banking...
Posted In: Bank of America, Banks

Umpqua Bank: Hip, happening and growing

Jan 28, 2011
The regional bank pulls in customers with lattes, community events, and even virtual bowling. It's becoming a pretty big bank by acting small.
Posted In: Banks

Tale of two TARPs

Jan 27, 2011
Big banks have repaid government bailout funds and are profitable. But smaller banks that got TARP money face challenges.
Posted In: Banks

Government to sell Citigroup warrants

Jan 26, 2011
The auction of Citi warrants continues Washington's exit from the troubled bank and will add to the $12 billion profit the Treasury has made.
Posted In: Banks

China prepares to take over its first bank inside the U.S.

Jan 24, 2011
The Industrial and Commercial Bank of China, or ICBC is hoping to purchase 80 percent of the U.S. division of the Bank of East Asia. Rob Schmitz reports.
Posted In: Banks, China

Bank of America's Countrywide hangover

Jan 21, 2011
Bank of America's losses show it's still paying the price for Countrywide's bad housing bets. How deep is the bank's mortgage hole?
Posted In: Banks

Bank profits rise, but revenues sag

Jan 19, 2011
Banks are bouncing back with strong profits as they purge bad loans. But new regulations are cutting into what's needed most for growth: revenue.
Posted In: Banks

Potential fallout from WikiLeaks obtaining Swiss bank data

Jan 17, 2011
A former Swiss banker gave the website WikiLeaks the names of around 2,000 alleged tax-dodgers with accounts in the Cayman Islands. The website plans to release the names shortly. Jeff Tyler reports.
Posted In: Banks

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