Jul 06 Watch Britain’s Barclays Investigated for Rigging Libor Rates In a scandal that triggered a CEO resignation, an investigation and basic questions about the integrity of the financial system, British bank Barclays paid $450 million in fines last week to settle accusations that it helped rig the Libor rate. Continue watching
Dec 21 Watch Bank of America to Pay $335M to Settle Countrywide Case of Alleged Racial Bias Bank of America agreed to pay a $335 million settlement Wednesday over allegations of racial bias in home mortgage lending involving Countrywide Mortgage, which the bank bought in 2008. Jeffrey Brown discusses the investigation and settlement with Illinois Attorney General… Continue watching
Sep 30 Watch Bank of America Adds Monthly Debit Card Fee, Risking Public Ire Bank of America announced Thursday it will tack on a new $5 monthly fee for customers who use a debit card to make purchases. Jeffrey Brown leads a debate about the new fees and what they mean for banks and… Continue watching
Sep 12 Watch Amid Major Job Cuts, Is Bank of America ‘Too Big to Manage’? Bank of America, the nation's largest lender, announced plans to shrink the company by 30,000 people over the next two years. Judy Woodruff discusses Banks of America's troubles and the growing concerns over interconnected global financial problems with banking expert… Continue watching
Mar 10 ProPublica’s Mortgage Mod Squad: HAMP’S a Flop By Paul Solman As you've probably heard by now, either on our program or elsewhere, the administration's Home Affordable Modification Program (HAMP for short) has been a disappointment -- to put it generously. The program, announced back in February 2009, was aimed… Continue reading
Mar 10 ProPublica’s Mortgage Mod Squad: HAMP’S a Flop By Diane Lincoln Estes, Paul Solman As you've probably heard by now either on our program or elsewhere, the administration's Home Affordable Modification Program (HAMP for short) has been a disappointment -- to put it generously. The program, announced back in February 2009, aimed to… Continue reading
Oct 11 Watch Would a U.S. Foreclosure Ban Yield ‘Catastrophic’ Consequences? The securities industry said Monday that a nationwide ban on home foreclosures would be "catastrophic" for the U.S. Jeffrey Brown asks the Ohio attorney general and a foreclosure expert for insight. Continue watching
Jul 16 Watch News Wrap: Stocks Tumble on Consumer Sentiment, Earnings Numbers In other news Friday, U.S. stocks fell after a reading of consumer sentiment fell sharply and investors were disappointed by earnings reported by Bank of America and Citigroup. Also, federal officials announced the largest-ever crackdown on Medicare fraud. Continue watching
Jun 10 Watch Amid Oil Leak, Business Leaders Urge Energy Sector Investment, Research President Obama met Thursday with families of workers killed in the Gulf rig explosion, but he also met with business leaders to discuss energy issues facing the U.S. Judy Woodruff speaks with two of those executives, venture capitalist John Doerr… Continue watching
Jun 07 Watch News Wrap: Natural Gas Pipeline Explosion Kills at Least 3 in Texas In other news Monday, at least 10 people are missing after an explosion at an underground natural gas pipeline in north-central Texas, and residents of three Midwestern states are cleaning up after severe thunderstorms and tornadoes struck the region over… Continue watching