Personal Finance Advice and Commentary

Thursday, May 21, 2015 11:11 am
By Sheyna Steiner ·

Five big banks are guilty of manipulating foreign exchange rates. They must pay some very big fines and the banks have promised to cease criminal activity.

Friday, March 06, 2015 5:47 pm
By Claes Bell ·

To ensure the nation’s largest banks won’t crumble in the next big economic downturn, the Fed put the nation’s biggest banks through a tough stress test.

Wednesday, February 18, 2015 5:16 pm
By Claes Bell ·

A new report released by the Treasury’s Office of Financial Research scores banks on the scale of risk they pose to the financial system, and Chase came in at No. 1 overall by a wide margin.

Wednesday, January 21, 2015 10:40 am
By Claes Bell ·

A poll released this week by the Progressive Change Institute showed 58 percent of Americans support breaking up big banks like Citigroup.

Friday, December 19, 2014 8:00 am
By David McMillin ·

The good news is that Congress just passed a massive spending bill. The bad news is that critics say that Citigroup wrote some of the provisions in the bill, giving Wall Street some help in ditching Dodd-Frank.

Thursday, March 27, 2014 11:53 am
By Allison Ross ·

The Federal Reserve denied the capital plans for Citigroup and four other bank companies.

Friday, December 27, 2013 6:05 am
By David McMillin ·

A new study shows that account holders are feeling more satisfied with their banks this year.

Thursday, December 06, 2012 3:51 pm
By Sheyna Steiner ·

Citigroup announced 11,000 layoffs worldwide. The news gave the stock price a boost. Do layoffs always raise stock prices?

Friday, December 02, 2011 5:13 pm
By David McMillin ·

It looks like consumers aren’t the only ones downgrading their opinions of big banks. After revising its criteria for assigning credit ratings to financial institutions, Standard & Poor’s released a new round of ratings that includes some bad news for a few of the biggest members of the banking industry. Bank of America, Citigroup, Wells

Tuesday, May 11, 2010 4:13 pm
By Holden Lewis ·

Nomi Prins was an investment banker for Bear Stearns and Goldman Sachs, then quit and became a muckraking reporter. (I like to imagine that she met the Devil at a crossroads to buy back her soul.) Prins’s banking career accounts for the strengths and the weaknesses of her book, “It Takes a Pillage,” an explanation