After a rough opening session on Monday, stocks rebounded sharply on Tuesday. The Dow enjoyed a triple-digit gain after oil prices eased and bank shares bounced higher on the possibility of further dividend payouts and share bu…
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…
HSBC got plenty of attention when it disclosed that it had suspended foreclosures in its annual report Monday. But its not the only bank whose annual report made for interesting reading. The risk disclosures in banks’ annual re…
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…