Former Fed Chairman Paul Volcker and a group of international financial titans are calling for a series of reforms to fix the broken financial system. Amy Scott reports.
With Bank of America seeking more TARP money to ease acquisitions of smaller competitors, can we expect banks such as J.P. Morgan Chase and Wells Fargo to request more bailout funds as well? Mitchell Hartman reports.
Bank of America, considered one of the "good" banks in the financial meltdown, is now looking for help. As it's been closing the buyout of Merrill Lynch, the bank has been seeking more bailout funds from the government. Ashley Milne-Tyte reports.
The bailout money might have allowed the banks to get their houses in order, but it didn't really do much for fourth-quarter earnings. Ashley Milne-Tyte reports it's too soon for that cash to have a positive effect.
The aerospace, retail and porn industries are among the many seeking help from the bailout. With so much money being doled out, one line of reasoning goes: If we don't ask for it, someone else will. John Dimsdale reports.
The European Central Bank cut interest rates again today on troubling financial data, including Deutsche Bank's profit warning. But Stephen Beard reports the move is not offering the markets much reassurance.
The Senate votes today on whether to release the second half of the $700 billion bailout, and Congress wants to ensure that the money has strong oversight. John Dimsdale explores a few bills on the table.
Once again the U.S. economy is recovering from the collapse of a financial bubble. Economist Dean Baker, author of "Plunder and Blunder," tells Kai Ryssdal that dramatic ups and downs need not be a part of our capitalist system.
Citigroup's deal to spin off brokerage firm Smith Barney seems to be the company's first step in selling off businesses and assets that are pulling down the financial services giant. And Citi's deconstruction could lead to more consolidation. Steven Henn reports.
