US Bank Earnings Rose 21 Percent in Q2, Lending Up
U.S. bank earnings rose 21 percent in the April-June quarter and lending to consumers increased, adding to evidence that the industry is strengthening four years after the financial crisis.
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Robo-Signing Is Back: Credit Card Bank Suits Rely on Flawed Docs
Robo-signing isn't just for mortgages anymore. Credit card banks suing their customers for what they're allegedly owed are showing up to most court hearings with flawed and improper documents, incomplete records, and cookie-cutter testimony.
Bankers Agree: 'Too Big to Fail' Has Failed
Maybe if we called it "2B2F," it would have been more popular. But lacking the street cred of a cool nickname, the idea "too big to fail" is beginning to lose popularity in America -- even among some of the country's most famous bankers.
Ex-Citigroup CEO Weill: Time to Break Up 'Too Big to Fail' Banks
Sanford "Sandy" Weill, the tycoon most who built financial conglomerate Citigroup into a massive U.S. commercial and investment bank, said it is time to split up the biggest banks.
Where to Find Interest Rates on Savings That Beat Your Bank
Low interest rates may be great for borrowers, but they're terrible for savers. Bank accounts on average are paying around half a percent -- which doesn't even keep up with inflation. What to do? Turn to banks on the Internet.
How You Can Benefit From the Capital One Settlement
The Capital One Financial settlement with U.S. regulators over deceptive marketing of credit card "add-on products" means a lot to all consumers, not just Capital One customers, according to consumer advocates.
Why Wall Street Workers Are Worse Investors Than Main Street
Wall Street's big banks paid out $156 billion last year in salaries, bonuses, and benefits. Yet while investment bankers' checking accounts were growing, their retirement savings took a massive hit -- and much of the reason can be traced to one common investing mistake.
The $800 Trillion Scandal: How Banks' LIBOR Lies Affected You
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.
Credit Card Banks Complain About Consumer Complaint Database
On Tuesday, the Consumer Financial Protection Bureau launched its public Consumer Complaint Database, an open forum for consumers to call out credit card providers for their ill behaviors. the banks' response: Hey, no fair!
The 7 Safest Banks in America
Moody's downgrade of 15 of the world's largest banks, along with JPMorgan Chase's multibillion-dollar trading loss, make it clear that big banks aren't always as safe as we'd hope. Still, we have to keep our money somewhere -- So 24/7 Wall St. has compiled a list of the nation's safest banks.
You're a Responsible Borrower? 'So What?' Say Credit Card Banks
Lately, the banks that issue credit cards have seen some big improvements in the way their customers have been handling their bills. But no surprise -- the card companies aren't repaying the favor.
How Offshoring Customer Service Puts Your Financial Data at Risk
Would you trust a stranger to keep your financial secrets? That's exactly what customers do every time they call a bank and talk with a customer service rep. But how much oversight can a bank really have when those reps are in another country?
Easy Credit Is Back -- at Least for Car Buyers
Auto loans are easier to get now than they have been in years. During the first quarter U.S. lenders gave car buyers some of the best terms since the financial crisis.
Global Woes Hold Only 'Modest Contagion' Risk for U.S. Banks
A "modest contagion" for financial stocks "should allow domestically focused financial stocks to stabilize in the coming weeks," despite the JPMorgan Chase trading mess and the "deteriorating conditions in Europe, according to KBW analyst Fred Cannon.