Banks

The Troubled Assets Relief Program — TARP — was the formal name for what we often just call "the bailout." In 2008 Congress allocated $700 billion to stabilize the U.S. financial industry. Congress and President Bush assigned one man to build a team, and police all that spending.

Two years after the Dodd-Frank Law was enacted, many in the banking sector are still grumbling about the change in regulation. How does that compare to when the rules change in another American pastime: Baseball?

As banks face scrutiny over questionable practices, Chris Farrell explains why breaking up some of our biggest banks would solve a lot of problems.

The nine biggest banks in the U.S. have submitted plans for how to avoid a taxpayer bailout if they become insolvent. But will these plans work?

The chairman of Barclays Bank in London resigned today. Last week, Barclays agreed to pay $450 million to settle allegations that it conspired to manipulate a key interest rate, and some say CEO Bob Diamond should step down as well.

New York bureau chief Heidi Moore discusses why JPMorgan's $2 billion blunder is affecting markets worldwide and how big a $2 billion loss really is.

On what were essentially bad and risky bets made by the bank. Still, CEO Jamie Dimon tried to play down the situation in today's conference call.

They are already in North Dakota and Chicago. Now there's a move to get more state and local governments to use them instead of big private banks.