Barclays chairman resigns, but fingers point at CEO

Jul 2, 2012
The chairman of Barclays Bank in London resigned today. Last week, Barclays agreed to pay $450 million to settle allegations that it conspired to manipulate a key interest rate, and some say CEO Bob Diamond should step down as well.
Posted In: Barclays, Banks

Why a bank run is bad

Jun 1, 2012
A bank run occurs when customers run down to the bank and demand their money back. So, why can't the bank just return the cash? Sr. Producer Paddy Hirsch explains using a human heart analogy.
Posted In: bank, Banks, Europe debt crisis, FDIC, Lehman Brothers, bank run

JPMorgan's loss: A sign that Wall Street's mindset hasn't changed

May 11, 2012
New York bureau chief Heidi Moore discusses why JPMorgan's $2 billion blunder is affecting markets worldwide and how big a $2 billion loss really is.
Posted In: JPMorgan, Wall Street, Banks

Fed gives OK for 3 Chinese banks to expand in U.S.

May 10, 2012
How significant is this green light from the Federal Reserve and should U.S. banks worry?
Posted In: China, Banks

JPMorgan Chase reveals $2 billion losses

May 10, 2012
On what were essentially bad and risky bets made by the bank. Still, CEO Jamie Dimon tried to play down the situation in today's conference call.
Posted In: JPMorgan, Jamie Dimon, Banks

New push for public banks

Apr 27, 2012
They are already in North Dakota and Chicago. Now there's a move to get more state and local governments to use them instead of big private banks.
Posted In: public banks, Banks

FDIC spells a good, sound sleep for savers

Apr 26, 2012
Seventeen banks have failed so far this year, but their customers can rest easy -- thanks to the Federal Deposit Insurance Corporation, as Sr. Producer Paddy Hirsch explains.
Posted In: FDIC, Banks, small banks, failure, insurance

Small banks struggle to pay off TARP funds

Apr 25, 2012
The Troubled Asset Relief Program’s inspector general says bailout funds helped community banks, but many are struggling to raise fresh capital.
Posted In: Housing, TARP, small banks, Banks

How average shareholders can take on the big banks

Apr 19, 2012
A peek inside annual meetings for the big banks, where small shareholders get to talk directly to executives.
Posted In: shareholders, Citigroup, Banks

Shadow banking: Still a threat

Apr 16, 2012
Shadow banking has grown since the financial crisis. Sr. Producer Paddy Hirsch casts a light on the system and explains why it's so dangerous.
Posted In: shadow banking, Banks, banking