Troubled Swiss investment bank Credit Suisse is giving its bankers an interesting Christmas bonus. Bankers will receive bonuses linked to risky assets. Stephen Beard reports.
Wages and other labor costs have been a main source of contention in talks about the auto bailout. But the debate is about much more than hourly pay. Commentator Harley Shaiken says the future of the economy is at stake.
Federal regulators have approved new rules to protect consumers from surprise interest rate hikes and fees on their credit cards. But banks say the rules will hurt card holders, whether they have good credit or bad. Nancy Marshall Genzer reports.
As President-elect Obama's nominee to lead the SEC, Mary Schapiro will be confronted with a slew of problems. The agency that's supposed to police Wall Street increasingly finds itself derided as Keystone Cops. Steve Henn reports.
Today, the Federal Reserve is expected to approve credit card reforms that will end universal penalty hikes if you're late on one card. But Janet Babin reports we may have to wait awhile until we see them.
Banks around the world have lost a total of $1 trillion in assets, according to a new study. The losses were almost balanced out by $920 billion in new investment, although a third of that came from governments. Nancy Marshall Genzer reports.
A general consensus among analysts seems to favor a grinding, slow recession. But economics correspondent Chris Farrell believes we'll get out of this slump rather quickly next year. He tells Scott Jagow why.
A majority of states face massive budget deficits. Unlike the federal government, states have to balance their budgets. But the cuts needed to make that happen may only make things worse. Sam Eaton reports.
When futures traders buy grain, oil or other commodities, they're paying what they think those products will be worth in several weeks or months. How does the process work? Rico Gagliano explains in The Marketplace Decoder.
The National Association of Homebuilders wants to see Congress implement a program to help stimulate buyers and give them a reason to rejoin the market. Rico Gagliano reports the plan involves two parts: tax credits and low fixed rates.
