In another example of how far we haven't come since the financial crash, U.S. regulators are now warning banks they shouldn't presume regulators will work across borders if a too-big-to-fail institution finds itself about to fail.
Stocks inched higher on Wall Street Monday after a November sales report at McDonald's helped offset concerns about the surprise resignation of Italy's prime minister, Mario Monti, who has been credited with restoring confidence in Italy's economy.
Financial markets are likely to continue to expect another round of Fed easing for the time being, even if Fed Chairman Ben Bernanke just holds out hope for more without committing to it.
The eurozone has sunk back into its second recession since 2009, a Reuters poll predicted on Thursday, as the debt crisis that has ravaged the continent for over two years continues to stifle growth.
The incredible LIBOR rate-rigging scandal is huge, and it's only going to grow in scope: Many of the world's largest banks have already been implicated in manipulating interest rates that are tied to some $800 trillion in loans and securities.
Watching a movie at the theater can be a real budget buster. But it's fun to occasionally treat yourself or your family to the theater experience, and there are ways to keep costs under control.
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.