Personal Finance Advice and Commentary

The U.S. housing market is looking attractive to large foreign firms.

The Federal Reserve proposed new rules to govern U.S. operations of large interconnected foreign banks.

The FDIC proposed a new rule that would clarify FDIC-insurance status of deposits in foreign branches of U.S. banks.

ING Bank has agreed to pay $619 million to settle potential liability for apparent violations of U.S. sanctions.

As one way to unload the glut of housing inventory languishing on the market, two senators want to introduce a bill today that gives foreigners who buy a home in the U.S. a residence visa. Foreigners would have to invest at least $500,000 in residential real estate (buyers can invest in more than one home