Fed Asks JPMorgan and Goldman for New Capital Plans

JPMorgan Chase and Goldman Sachs were told by the Federal Reserve to submit new capital plans by the end of September. The Fed will then decide if they are in compliance with the rules on capital reserves.

How Colleges Are Still Getting Rich Off Your Kids

For years, credit card companies have targeted college students to gain access to a lucrative source of profits: student debt. And despite laws designed to stop the practice, colleges and universities are still taking huge payments from card companies -- at your kids' expense.

At Last, Citigroup Starts to Pull Through

It took a while -- three years, really -- but Citigroup, by far the weakest of the big banks coming out of the recession, is starting to pull through. After this morning's second-quarter earnings report of $3.3 billion, or $1.09 per share, investors have several things to rejoice over.

Inside JPMorgan Chase's Earnings

JPMorgan Chase reported a second-quarter profit of $5.4 billion, or $1.27 per share this morning, up from $4.8 billion, or $1.09 per share a year ago. Digging into the earnings supplemental, we can see how -- as in previous quarters -- JPMorgan's investment bank carried the company's overall results.

The Financial Landscape: SEC Fines JPM Over CDOs

The news across the financial world is good for unions, which will find organizing a bit easier; adequate for Greece, which will find getting bailed out a bit easier, and bitter for JPMorgan which had to accept a $153.6 million SEC fine for misleading investors about a mortgage securities transaction.

Banks Rake in Big Profits as Wall Street Probes Spread

Proliferating probes into Wall Street's activities don't seem to be hindering big banks' ability to make huge profits. Plus, in the roundup of latest legal news: A banker is suing JPMorgan Chase, claiming it fired her when she did the right thing.

Senators Push for a Cap of 50 Cents on ATM Fees

Banks make a tidy profit off ATM fees but a proposed amendment to the financial reform bill would cap fees at 50 cents per transaction. It may end up hurting consumers if banks end up closing less-profitable ATMs.

Investment Banking Lifts JPMorgan Chase

JPMorgan Chase's first-quarter earnings of $3.3 billion, or 74 cents a share, easily beat analysts' expectations. Robust investment banking results helped power the profits, despite high losses in consumer loans.

How I almost lost my house

The banks are halting foreclosures, and some people across the country are sighing with relief. I know how they feel. Back in 2007, I was one of...

If I owe you enough, I own you

The market mavens this morning are gnashing their collective teeth over the government's bailout of Bear Stearns (yes, that means you and me; look...