The government reported a 6.1 percent contraction in last quarter's Gross Domestic Product. But Diane Swonk of Mesirow Financial tells Bill Radke why we can expect stronger growth in the second quarter as a result of the GDP number.
Bank of America shareholders meet today in Charlotte, N.C., and this year, angry shareholders are mobilizing to remove three members of the bank's board, including CEO Ken Lewis. Julie Rose reports.
Citibank is asking the Treasury Department for permission to pay out retention bonuses to certain employees. The bank is worried that if it doesn't, some of its most profitable businesses could fall apart. Steve Henn reports.
The Supreme Court will hear arguments today over who has the right to enforce state anti-discrimination laws against national banks. Congressional reformers want states to have more authority. John Dimsdale reports
How are the financial markets reacting to the Treasury's stress tests? Steve Chiotakis talks to analyst Juli Niemann live from Smith, Moore and Company.
The World Bank and International Monetary Fund will discuss implementing G-20 decisions this weekend. Steve Chiotakis talks to Angel Gurria, Secretary General of the Organization for Economic Co-operation and Development, who will be at the meeting.
This weekend, the World Bank and IMF will discuss how to protect the world's poorest people from the economic fallout. Many countries are already on the hook for $500 billion from a decision made at the G-20. Tamara Keith reports.
Swiss bank Credit Suisse profits were double analysts' expectations in the past quarter. Some analysts say it's because Switzerland's second-largest bank is no longer writing down assets. Christopher Werth reports.
