China’s Christmas Rate Hike Drags Banking Shares Lower

China’s 25 basis point hike in the one-year base lending rate sent banks spiraling and crippled real estate shares. The Shanghai Composite Index sank 1.9%, but in Japan the Nikkei 225 Index rose 0.8%. The Hong Kong Stock Exchan…

Traders Don’t Expect Fed to Raise Interest Rate in 2011

A dismal jobs report Friday means federal interest rates are likely to stay low for some time. Interest-rate futures traders, who previously anticipated that the Fed would raise rates at the end of next year, now believe the Fe…

How to Tell If It’s Time to Switch Banks

The consumer advocates at the Center for Responsible Lending have released a checklist of tough questions people should ask their banks to make sure their needs are being met — and and to ensure they aren’t paying unnecessary …