Banks

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Medicinal marijuana clinics have trouble with banks

Jul 21, 2010
Because of conflicting local, state and federal laws regarding medicinal marijuana, banks are uneasy about allowing clinics to have accounts with them.
Posted In: Banks, Law

U.S. banks paying bulk of U.K. banker bonus tax

Jul 21, 2010
A tax introduced in the U.K. last year to curb the size of bankers' bonuses is creating a windfall for the British government -- and U.S. banks are paying the bulk of it.
Posted In: Banks

Bernanke's options to rev up economy are limited

Jul 21, 2010
Fed Reserve Chairman Ben Bernanke testifies before Congress today about his plans to revive the economy. But he might not have much new data to share.
Posted In: Banks

Goldman posts worst quarter since 2008

Jul 20, 2010
Goldman Sachs & Co. less than stellar profit report for last quarter reflected the state of the economy.
Posted In: Banks

Warren could clash with Geithner as CFPB head

Jul 20, 2010
TARP Congressional Oversight Panel chair Elizabeth Warren is the frontrunner for the new Consumer Financial Protection Bureau. Will tension between Warren and Treasury Secretary Tim Geithner prevent her from nomination?
Posted In: Banks

JP Morgan threatens to leave U.K. over bank tax

Jul 19, 2010
Responding to the U.K. bank tax, JP Morgan could scrap plans for a new $2 billion headquarters in London.
Posted In: Banks

Lobbyists prepare for new financial reform landscape

Jul 19, 2010
It may take some time before we really know the effects of the financial reform bill. But whatever changes may come, lobbyists will be ready.
Posted In: Banks

American credit scores plummet

Jul 16, 2010
The number of Americans with dismal FICO scores is going up. About 15 percent of Americans had a score of less than 600. But today, according to the Associated Press, it's more like 25 percent. Jeff Horwich reports.
Posted In: Banks, Credit Cards

Weekly Wrap: Financial regulation and banks

Jul 16, 2010
Marketplace's Tess Vigeland speaks with Felix Salmon from Reuters and CNBC's John Carney about the big week for financial regulation and big banks.
Posted In: Banks

Many banks not understanding of Gulf businessmen

Jul 16, 2010
Oil may no longer be spilling into the Gulf, but it still leaves many Gulf businessmen at the mercy of banks and creditors who may not be sympathetic to their circumstances.
Posted In: Banks

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