By Joseph Lawler | 08/29/14 11:37 AM
It is widely expected that the Sept. 4 meeting announced by the Financial Stability Oversight Council late Thursday will focus on applying the label of "too big to fail" to one insurer, MetLife.
08/28/14 08:30 AM
NEW DELHI (AP) — India's state-owned banks are conducting a massive campaign to open millions of accounts for poor Indians who are off the financial grid and vulnerable to black market money lenders. Prime Minister Narendra Modi officially launched the program on Thursday, saying it would give...
08/26/14 10:00 AM
LOS ANGELES (AP) — Americans are doing a better job of making timely credit card payments, even as many lenders increasingly extend credit to more people with less-than-stellar credit. The rate of U.S. credit card payments at least 90 days overdue fell to 1.16 percent in the April-June quarter...
By Joseph Lawler | 08/26/14 08:23 AM
Talk of the move has drawn criticism from Democratic lawmakers who are concerned about U.S. companies using mergers with companies in lower-tax jurisdictions to lower their U.S. tax payments.
By Ed Sykes | 08/22/14 05:01 PM
Federal Reserve Chairwoman Janet Yellen's speech Friday at an annual summit of central bank leaders paints a picture of what to expect in the coming months.
By Lisa Ruhl | 08/21/14 12:09 PM
The Department of Justice on Thursday announced that Bank of America will pay a $16.65 billion fine to settle allegations it sold risky mortgage-backed securities before the 2008 financial crisis.
By Timothy P. Carney | 08/19/14 06:41 PM
Congress thought it was time to replace "captured" financial regulators with a new, un-captured regulator. But that's not what the CFPB turned out to be.
08/19/14 03:15 PM
ALBANY, N.Y. (AP) — Standard Chartered Bank reached an agreement with New York regulators to pay a $300 million penalty and suspend dollar exchanges through its New York branch for high-risk retail business clients at its SCB Hong Kong subsidiary. The Department of Financial Services said the...
08/14/14 05:15 PM
WASHINGTON (AP) — U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York. Yet the New York Fed also said that loans to borrowers with shoddy credit,...
By Susan Ferrechio | 08/11/14 04:09 PM
A Clinton-era tax credit program intended to help grow businesses in low-income communities is instead benefitting big banks and private investors to the tune of more than $1 billion annually.
By Joseph Lawler | 08/07/14 04:53 PM
A big missing piece of the consumer recovery is falling into place in 2014.
By Joseph Lawler | 08/07/14 03:18 PM
If you have $400 to spare, count yourself lucky: Half of Americans would have trouble raising that amount in an emergency, according to a new report that suggests that many U.S. families face surprising financial difficulties.
By Joseph Lawler | 08/05/14 05:47 PM
Federal bank regulators warned 11 big banks Tuesday that their plans for avoiding a financial panic are insufficient.
By Timothy P. Carney | 08/04/14 08:20 AM
It's called the political economy: Politicians use the taxpayer to subsidize businesses, and then they demand money from those businesses.
By Joseph Lawler | 08/03/14 06:06 PM
In mid-2013, Americans finally began adding mortgage debt, and picked up the pace of their borrowing for other kinds of spending, as data from the Federal Reserve Bank of New York's credit survey shows.
By Byron York | 08/31/14
By Michael Barone | 08/31/14
By Michael Barone | 08/27/14
By Ashe Schow | 08/28/14
By Justin Green | 08/31/14