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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

Wells Fargo calls for tougher regulation

Dec 15, 2010
Financial times reports Wells Fargo wants banks to keep more of the loans they make on their books -- rather than selling them to investors. Janet Babin explains.
Posted In: Banks

Ireland bans bank bonuses

Dec 14, 2010
Ireland's Finance Minister has banned Allied Irish Bank from giving its employees $53 million in staff bonuses. Stephen Beard explains.
Posted In: Banks

European banks expect more regulations on banker bonuses

Dec 10, 2010
A European bank regulator expected to outline a crackdown on all 27 EU countries, including Britain. Stephen Beard has more.
Posted In: Banks

Bailout saved banks, but could allow others to take risks

Dec 2, 2010
The Federal Reserve released a load of documents that revealed the names and numbers involved in the emergency bailout. Janet Babin reports on what all these new details mean.
Posted In: Banks

Paper checks... Remember those?

Dec 2, 2010
With plastic cards and e-banking, paper checks are going the way of the dinosaurs. Reporter Sally Herships takes a look at the rise and fall of checks.
Posted In: Banks, Credit Cards

British banks borrowed more than a trillion U.S. dollars

Dec 2, 2010
The U.S. Federal Reserve has released a list of the banks that received federal loans at the height of the financial crisis. British banks were among the recipients, and borrowed more than a trillion U.S. dollars.
Posted In: Banks

Fed names banks that got bailed out

Dec 1, 2010
In a major reveal today, the Federal Reserve -- thanks to the Dodd-Frank Act -- released the names and numbers related to the bank bailout. David Gura reports on what comes next.
Posted In: Banks

MIDDAY UPDATE: Groupon and the Fed

Dec 1, 2010
All eyes were on Google today and the Internet mega-corp deliberates on buying the up-and-coming Groupon. In a move that can only be seen as...
Posted In: Banks, Cancun, China, Federal Reserve, Google, groupon, Ireland, Japan, Kyoto, mid-day update, Portugal

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