Personal Finance Advice and Commentary

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

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, CFA · Bankrate.com

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, CFA · Bankrate.com

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, CFA · Bankrate.com

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 · Bankrate.com

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 · Bankrate.com

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

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

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 · Bankrate.com

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 · Bankrate.com

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 · Bankrate.com

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