After another big sell-off yesterday, shares are back up in overseas trading this morning — one reason for that rebound is that people aren't as worried about French banks and the credit rating of France's debt.
Job cuts announced by HSBC, Barclays and others already total close to 50,000 globally. Why so much pain in the financial sector? From London, Marketplace's Stephen Beard reports.
Stock markets have up until now seemed less than bothered by the nation's debt-ceiling drama. But the so-called "repo market" on Wall Street shows that confidence is wavering.
The FDIC has important roles to fulfill under the Dodd-Frank Act, in preventing systemic failures of big banks. But it needs a new director to replace Sheila Bair to get its part done.
One year after President Obama signed the Dodd-Frank Act, more than 300 new rules for the financial sector are on the way. How banks and other interests go about shaping them is fairly straightforward, at least to start: Write a letter. Get in line to talk to the rule-makers.
An expensive mortgage-backed security settlement and a balance sheet still weighed down by bad loans contributed to a $9 billion second-quarter loss for the largest bank in the country.
Julia Coronado, chief economist with the investment bank BNP Paribas, talks about the ratings agency S&P's possible downgrade of U.S. credit, and what ratings agencies mean to modern markets.
