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AIG prepares to sell 'damaged goods'

Jan 17, 2011
It may take a little while, but AIG is on the road to repaying billions it got in bailout money. But to do that, the company needs to repair a damaged image. Mitchell Hartman explains.
Posted In: Banks

Banks' profits may include reserves -- but that may be a good thing

Jan 15, 2011
As banks start to report their earnings for the year, some analysts may warn that the numbers a bit inflated because the banks are counting the reserves they set aside before the meltdown. But counting those reserves now isn't really being untruthful, report Bob Moon.
Posted In: Banks

Is it possible to predict what's "too big to fail"?

Jan 14, 2011
Next week a new government panel is supposed to come up with a list of "systemically important financial institutions" -- those companies that are supposed to be vital to the financial system. But Treasury Secretary Timothy Geithner says you'll only know it when you see it.
Posted In: Banks

Weekly Wrap: Bank profits

Jan 14, 2011
Kai Ryssdal talks to Leigh Gallagher from Fortune Magazine and John Carney from CNBC about the week's news from Wall Street and beyond.
Posted In: Banks, Wall Street

Bank dividends could be back, according to analysts

Jan 14, 2011
For a couple of years, big banks stopped paying out dividends to their investors. But with big profits returning to the banking sector, analysts say those dividends could be back.
Posted In: Banks

Curbing the pay of London's 'City Boys'

Jan 12, 2011
In an effort to try and curb hefty bonuses, and perhaps risky behavior, in the financial sector, a group of labor unionists, journalists and academics from the U.K. have launched a high pay commission. Stephen Beard reports on their efforts.
Posted In: Banks

Goldman Sachs expected to announce accounting changes

Jan 11, 2011
The investment bank Goldman Sachs will announce 39 accounting changes to disclose how it deals with clients and how it makes money through its own investments. John Dimsdale explains.
Posted In: Banks

New bank fees are aimed at lower income customers

Jan 10, 2011
Now that there are new rules for credit cards and overdraft fees, banks are trying to find money in other places. And as Stacey Vanek Smith reports, this means going after lower income customers, which in turn could move these customers out of the banking system altogether.
Posted In: Banks

Massachusetts court makes foreclosure decision

Jan 7, 2011
This final note today, an update on the mortgage paperwork mess that was much in the news before Thanksgiving, the stories about robosigners...
Posted In: Banks, foreclosures, Housing

Bank of America tests new fee system

Jan 6, 2011
Thanks to new rules restricting banks from charging exorbitant fees on credit cards, it seems that they're making it up in other ways. Bank of America announced a new fee system based on how much money customers keep in the bank, and how much they're not costing the bank. Stacey Vanek-Smith explains.
Posted In: Banks

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