Sep 13 Watch Government Allowing Lehman Collapse Still Mysterious 2 Years Later The 2008 downfall of financial giant Lehman Brothers prompted global efforts to avoid another international financial crisis. Two financial reporters, John Cassidy and Andrew Ross Sorkin, talk about what we've learned in the two years since Lehman's collapse and what's… Continue watching
Sep 13 Watch New Global Banking Rules in the Works, 2 Years After Lehman’s Downfall Two years after Lehman Brothers collapsed, central bankers from 27 countries agreed to new rules that include substantially raising the amount of capital that banks must hold in reserve in hopes of preventing another global financial crisis. Continue watching
Apr 06 Economist Advocates Removing Risk Taking from the Banking Industry Editor's note: On the NewsHour tonight, leaders of the "Move Your Money" movement explain why they think Americans should move their money from large "too-big-to-fail" banks to small community institutions. "I hope it sends a warning to the big… Continue reading
Apr 06 Watch Should Consumers Move Their Money From Megabanks to Smaller Banks? In the latest in a series of reports making sense of the economy, Paul Solman explores the differences for consumers between small community banks and the "too-big-to-fail" financial giants. Continue watching
Feb 04 Bank of America Faces Fraud Charges New York's Attorney General Andrew Cuomo filed civil securities fraud charges Thursday against Bank of America*, its former CEO Ken Lewis, and former CFO Joe Price. The suit alleges that the bank and the two executives first misled… Continue reading
Feb 02 Volcker to Press Lawmakers to Restrict Activities of Big Banks By Carolyn O'Hara White House adviser and former Fed chairman Paul Volcker will testify before the Senate Banking Committee Tuesday and press its members to restrict the activities of big banks and limit their overall size. In making the case for what's… Continue reading
Jan 21 Obama Proposes Restrictions on Big Banks UPDATED 4:45 p.m. ET| Tonight on the NewsHour, Treasury Secretary Tim Geithner explains the thinking behind the president's proposal. He will be followed by Rep. Scott Garrett (R-NJ), a member of the House Financial Services Committee. In a… Continue reading
Jan 21 Thursday’s Headlines: Obama to Propose New Limits on Banks Turning the focus from health care to the economy, it was widely reported Thursday morning that President Obama is set to propose new regulations that would limit the size of the nation's largest banks and the scope of the risky… Continue reading
Jan 20 Bank Bonuses to Exceed Pre-Crisis Levels By Carolyn O'Hara _pap_embed_custom('news01s3928qd89',482,304,""); With Wall Street banks poised to offer record paydays for employees, Wall Street Journal columnist Dennis Berman explains the latest bank earnings reports and Wall Street's reaction to the Obama administration's proposed tax on big banks. Continue reading
Dec 16 Fed to Keep Interest Rates ‘Exceptionally Low’ The Federal Reserve wrapped up its final policy meeting of the year on Wednesday, and, as expected, announced it would keep rates near zero "for an extended period." Following two-days of meetings, the central bank's Federal Open Market Committee… Continue reading