Mar 16 Watch 6:25 News Wrap: Yellen dismisses fears more banks may collapse In our news wrap Thursday, it was another turbulent day in the financial world with news of rescues of troubled banks on both sides of the Atlantic, prosecutors in Virginia charged 10 people in the smothering death of a Black… Continue watching
Mar 15 Credit Suisse shares plunge, drag down European lenders By Jamey Keaten, David McHugh, Associated Press Shares in the globally connected Swiss bank Credit Suisse plunged and dragged down other major European lenders. Continue reading
Oct 09 WATCH: 2008 recession-era Fed Chair Bernanke and 2 other economists share Nobel Prize By David Keyton, Frank Jordans, Paul Wiseman, Associated Press Douglas W. Diamond, Philip H. Dybvig and former U.S. Federal Reserve Chair Ben Bernanke were recognized Monday for their research into the fallout from bank failures. Continue reading
Feb 27 In Russia, economic consequences of invasion begin to emerge By Associated Press Videos from Russia showed long lines of Russians trying to withdraw cash from ATMs, while the Russian Central Bank issued a statement calling for calm, in an effort to avoid bank runs. Continue reading
Nov 17 Biden’s nominee for bank regulator faces hostile opposition By Ken Sweet, Associated Press Banks are opposed because her previous criticism of the banking industry makes them fearful she will be a tough regulator for Wall Street. Continue reading
Feb 20 Column: How growing up in a bank desert can hurt your credit for the rest of your life By Tony Cookson, The Conversation Research shows that people who grow up in a bank desert on Native American reservations are more likely to fall behind on credit card and mortgage payments. Continue reading
Dec 28 Wells Fargo pays $575 million to settle state investigations into fake accounts By Associated Press The bank has been under a cloud since 2015 when it acknowledged that employees had opened millions of fake bank accounts for customers in order to meet sales goals. Continue reading
Mar 06 Watch 7:23 Sen. Heitkamp: Critics overstating case against bill loosening banking regulations By PBS News Hour A decade after the financial crisis spurred tough financial regulation, the Senate took a step toward rolling back some of those rules on Tuesday. Republicans were joined by more than a dozen Democrats in moving forward with a bill easing… Continue watching
Mar 05 Senate poised to ease Dodd-Frank rules for most banks By Kevin Freking, Associated Press Ten years after a financial crisis rocked the nation's economy, the Senate is poised to pass legislation that would roll back some of the safeguards Congress put into place to prevent a relapse. Continue reading
Nov 27 Watch 2:37 Duel over who runs the Consumer Financial Protection Bureau goes to court By PBS News Hour The Consumer Financial Protection Bureau opened for business on Monday with dueling appointees. Leandra English was named acting director on Friday by the bureau's outgoing chief, but within hours President Trump appointed White House budget chief Mick Mulvaney to the… Continue watching