The Federal Reserve is finally admitting that not all the big banks are healthy: Bank of America won’t get to pay increased dividends. But none of those financial giants should be allowed to, and a logical look at the reasons t…
State attorneys general and federal regulators are rushing to settle the robo-signing foreclosure mess created by the banks and get the real estate market back on its feet. But their proposals don’t fully address the one of the…
Almost as soon as regulators proposed a settlement for the mortgage mess that would require banks to obey the law, the banks’ Republican allies began trying to weaken it through obfuscation and confusion. Read on for some plain…
For the past decade, a few clever companies have been running an online scheme that tricked consumers into joining so-called membership clubs and charged their credit cards without their consent. But thanks to Sen. John Rockefe…
Citigroup is the most-shorted stock on any major U.S. exchange. Its position at the top of the pack is due to the bank’s stock price and ongoing concern about its balance sheets and mortgage foreclosure practices.
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