The long recession and slow recovery have forced millions of average Americans to give up their dreams of retiring at 65. But you might be surprised to learn than even among those who have quite a bit of money stashed away for retirement, the majority are planning to work longer, too.
What can you do when a megabank takes your home? How about suing a dozen of them. Annie Bell Adams has filed suit against 12 of the world's biggest banks, alleging that their manipulation of the LIBOR rate caused her mortgage payments to be much higher than they otherwise would have been.
Americans are not happy with the government. But for the first time in a long while, it is not the most hated industry in the country. That honor now belongs to the oil and gas industry as a result of climbing prices at the pumps and the BP oil spill still fresh in many people%u2019s minds.
Is Wall Street playing fast and loose with the rules? Responses vary depending on whom you ask. But ask the folks who work in the financial services industry and you'll get a surprisingly clear answer: "Yes."
JPMorgan Chase stock lost more than 8% of its value Friday after the bank, the largest in the United States, revealed a monster $2 billion loss in a trading group that manages the risks the bank takes with its own money.
Given the sluggish recovery and a strapped consumer, you'd expect to see corporate America trudging along, not racing for glory. In fact, the Fortune 500 are thriving as a group.
Because Bank of America serves about half the nation's households, the results could be seen as a statement about the progress Americans have made in managing their household finances, saving more and paying back debt.
Recent stress tests on America's big banks reveal that the financial crisis is far from over. While the "too big to fails" are in better shape than they were in 2008, there's still "room for improvement at virtually every firm."
Good news: The housing market is looking up. Bad news: Nearly 11 million mortgages are still underwater. More good news: Real help for those homeowners is finally available. More bad news: Getting that help can be baffling. Extra good news: Jean Chatzky's here to help.
Mobile banking lets consumers easily manage their financial lives from anywhere, anytime, but plenty of people are a little wary about giving it a shot. Let DailyFinance help: Here's our primer on the mobile banking basics.
On Tuesday, the Dow Jones Industrial Average closed at 13,005, the first time it had crossed the 13,000 line since its plummet as the nation sank into the financial crisis almost five years ago. But what is the Dow, anyway? And what are these "points" it's measured in? Allow us to explain...
Tens of millions of Americans take to the Web regularly to do our most important financial business. As we do, the company Corporate Insight is tracking which institutions are offering customers the best new online innovations. Here's what CI found:
Switching banks is a hassle, but outrage over the big financial institutions' efforts to pile on new steep fees pushed more than 2 million people to close their accounts over the past 3 months. Is Bank Transfer Day becoming Bank Transfer Year?
There's never a dull moment on Wall Street, especially now that we're hitting 2012's first earnings season. What will help shape the week that lies ahead? Earnings and answers from banks, Google, eBay and IBM, and a big education related announcement from Apple.
