JP Morgan Chase, the second-largest U.S. bank and also one of its healthiest, slashed its dividend and knocked payments down to a nickel. CEO Jamie Dimon called the move a precaution. Dan Grech reports.
Federal officials are considering a move to buy up about 40 percent of Citigroup. The move would not use any additional taxpayer money. Dan Grech explains how larger government stake could help the troubled bank.
New York Attorney General Andrew Cuomo has subpoenaed Bank of America CEO Kenneth Lewis on an investigation into whether the bank misled investors about bonuses and losses at Merrill Lynch. Janet Babin reports.
Swiss bank giant UBS will identify 250 American clients with undeclared accounts as part of a settlement with the U.S. government. Some analysts believe this could be a breakthrough in the battle against tax evasion. Stephen Beard reports.
Western European banks poured more than a trillion dollars into the eastern part of the continent during the recent European boom. But now strapped for cash, they're pulling out. Stephen Beard reports.
Tess Vigeland and economics editor Chris Farrell give advice to a woman being laid off, refinancing student loans and whether it's a good idea to take out a loan against the value of a CD.
Now is a good time for young investors to learn a lot about Wall Street and take advantage of opportunities in undervalued stocks. Sally Herships meets with 14-year-old traders who keep up with the markets.
