During the battle over Credit CARD Act, much talk focused on what the legislation would — and wouldn’t — do. A year after the law rolled out, what’s the word now? Here’s an on-the-ground look at how card issuers and consumers…
Bank of America is trying to earn more revenue from its existing customer base by requiring customers to use more products and services in order to avoid monthly fees. If the banks are going to charge you more, you might as wel…
When Countrywide Financial created deeply flawed mortgage-backed securities, it wasn’t just selling bad financial products: It was breaking its contracts. Now some ordinary investors are suing Countrywide’s buyer, Bank of Ameri…
Nope, Angelo Mozilo won’t be serving time, no matter what the evidence shows. In fact, he won’t even face a trial. Wondering how the most convictable CEO among the titans who brought down the financial system is getting off so …
The Dow suffered a steep triple-digit loss Tuesday as turmoil in Libya ignited a global sell-off in stocks. Oil prices rose sharply, as did safe-haven assets such as Treasurys and the dollar. Disappointing news from Walmart did…