Banks

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Banks trying to move from fees to profit

Oct 19, 2010
Can there be a world without overdraft fees? Not entirely, but they may not be as much. Banks like Bank of America seem to moving away from charging fees upon existing customers to drive profits from consumers. Alisa Roth reports.
Posted In: Banks

A profit at Goldman Sachs?

Oct 19, 2010
A final note on the way out this afternoon. We started today with Bank of America's earnings. The country's biggest bank has set aside more than 5...
Posted In: Banks, Goldman Sachs

"Put backs": A refund for banks' investors?

Oct 19, 2010
In light of the foreclosure paperwork fiasco, investors at private funds and mortgage-investment giants are looking to get their money back. And as Bob Moon tells Kai Ryssdal, they may just be able to, thanks to something called a "put back."
Posted In: Banks

MID-DAY UPDATE: Flight delays and electric cars

Oct 19, 2010
Flight delays don't only cost you a lot of frustration and time -- they also happen to cost the country more than $32 billion a year. Jeremy Hobson...
Posted In: Bank of America, Banks, China, electric cars, flight delays, foreclosures, France, hybrid cars, Johnson & Johnson, mid-day update

How's the banking sector doing?

Oct 19, 2010
Bank of America lost more than $7 billion in its latest quarter whle Goldman Sachs reported it made nearly $2 billion. Why the disparity in this morning's earnings? David Kelly, JP Morgan Funds chief market strategist, talks the details with Steve Chiotakis.
Posted In: Banks

Is the foreclosure crisis a case of systemic fraud?

Oct 18, 2010
There's no doubt that in light of the faulty paperwork by banks, the foreclosure crisis has become a huge tangled mess. Who's to blame and how much punishment is deserved? Kai Ryssdal talks to Congressman Alan Grayson about how much of it may have been deliberate systemic fraud.
Posted In: Banks, Housing

Can Fannie Mae and Freddie Mac work out foreclosures without more debt?

Oct 18, 2010
Today marked the deadline for mortgage lenders to review their foreclosure procedures, in the wake of the latest discoveries about faulty paperwork. Fannie Mae and Freddie Mac stand among the major players. Bob Moon reports on how it's coming along.
Posted In: Banks, Housing

Banks' profits don't equal revenue

Oct 18, 2010
For the third time in a row, Citigroup has posted quarterly profits. That doesn't mean the banking institution, one of the biggest names in the financial crisis, is entirely up on its feet again. Alisa Roth reports.
Posted In: Banks

Citi builds core biz, but still faces issues

Oct 18, 2010
Citigroup earnings topped $2.2 billion, the third quarter it has made profits. A poster child of the financial crisis, Citigroup has been trying to recover by selling off businesses. At the same time, it's building up its core businesses. Alisa Roth reports.
Posted In: Banks

How should the U.S. use its gold?

Oct 15, 2010
Gold is quickly becoming the go-to investment as the U.S. dollar loses its value. But what should we do with it? Kai Ryssdal chats with James Picerno from The Atlantic magazine about the valuable commodity.
Posted In: Banks, Investing

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