The credit card arm of Bank of America has become more strict about its credit limits and is even raising the rates on customers who have good records. Tamara Keith reports how the bottom line is squeezing cardholders.
The Treasury Department is planning to allow people to invest in funds set up to buy toxic assets from banks. Steve Henn reports big Wall Street firms stand to make a killing if all goes well, but there are some risks involved.
The Treasury Department announced it will be working with Switzerland to loosen its bank secrecy standards and divulge info on American accounts. Steve Henn reports some analysts worry a crackdown the tax haven could hurt profits.
A string of bad investing news is expected in the weeks to come. But with many investors factoring in a likely disappointing outcome, the market may rally over better-than-expected results. Jill Barshay reports.
Watching the stock market can be hard sometimes. Commentator Paul Hellman says to cope with the ups and downs, all you have to do is change your outlook.
Money market funds, CDs and other accounts that used to offer large returns are now only offering 1% interest. Laura Bruce of Bankrate.com discusses whether high interest online accounts come with a risky catch.
Leaders of the Group of 20 wrapped up this week's summit by expanding the role of the International Monetary Fund to help fix the world's economy. The measures are putting the spotlight on an obscure form of currency used by the IMF. Steve Chiotakis talks to Stephen Beard about the SDR.
The Financial Accounting Standards Board, or FASB, votes today on whether to relax the rules on so-called "mark to market" accounting. Amy Scott explores what that change could mean for banks and the economic downturn.
