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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

Pope to set up watchdog to avoid further Vatican Bank scandals

Dec 30, 2010
In light of a criminal investigation into the Vatican Bank for accusations of money laundering and tax evasion, the Pope announced today that he is setting up a new watchdog to try and prevent further wrongdoings. Will the secretive Vatican Bank clean up its act? Stephen Beard reports.
Posted In: Banks

Bank execs may have to reveal their bonuses

Dec 28, 2010
International regulators are pushing for a plan that will force banks to disclose how much they're paying in bonuses, and to whom.
Posted In: Banks

New plan for transparency in banker bonuses

Dec 28, 2010
There's a new plan in the news that would force banks to reveal how big banker bonuses are, and why. Stephen Beard reports.
Posted In: Banks

MIDDAY UPDATE: Ernst and Young, Kinect

Dec 20, 2010
New York prosecutors may charge accounting firm Ernst and Young for its role in the collapse of Lehman Brothers. New York prosecutors are...
Posted In: Banks, dover, Ernst and Young, kinect, Lehman Brothers, Microsoft, mid-day update, UK

Cap on debit interchange fees could lead to other costs

Dec 16, 2010
The Federal Reserve today announced that it wanted to cap debit interchange fees, the money banks often charge retailers when consumers use their debit cards. The cap could cost banks billions in revenue, but as Jeff Tyler reports, they'd find other ways to make it up.
Posted In: Banks, Credit Cards

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