The agency that regulates Britain's banks is falling under criticism for bonuses to top bank executives. Critics warn that regulators shouldn't reward poor performance with cash. Stephen Beard reports.
The House Financial Services Committee will grill eight bank CEOs today on the cash infusion they received last fall. Steve Chiotakis talks to Representative Jeb Hensarling, who sits on the committee, and finds out what he'll be asking.
As bank executives account for lavish bonus packages in tough times, we wondered if money is all that drives the American worker nowadays. Bill Radke poses the question to LA Times columnist David Lazarus.
Hedge funds had a rough ride in 2008, but things could be turning around. The hedge fund industry has made a profit for two months in a row now. Stephen Beard reports why this is a good sign for the global economy.
The global financial crisis is creating buying opportunities for investors with cash. Chinese investors showed they have deep pockets this week in two mega-deals. Scott Tong reports.
Four top British bankers are being hauled before a parliamentary committee on two of the U.K.'s financial crisis big casualties, Royal Bank of Scotland and HBOS. Stephen Beard explains the ritual humiliation.
For collectors, keeping their avocations going amid a recession can be the best of times and the worst of times. It just depends what they're looking for. Rico Gagliano reports.
A report reviewing the bailout found taxpayers overpaid when they invested in troubled financial institutions. In contrast, private firms did very well. Dan Grech explores where the Treasury's losses varied.
The Bank of England has slashed its rates down to a new low of 1 percent. The bank says the British economy urgently needs the cheaper credit, but not everyone is cheering the reduction. Stephen Beard reports.
Investors in Hong Kong are planning a multimillion-dollar lawsuit against London-based bank HSBC over the collapse of Lehman Brothers. Stephen Beard explains why the British bank is a good target and why more lawsuits may follow.
