Bank of America's surprise move to pay back $45 billion in federal bailout money ratchets up pressure on rivals Wells Fargo and Citigroup to get out from under the government's thumb. But don't expect it to happen anytime soon. ...more

December 3, 2009

The American Bankers Association meetings in Chicago during late October drew a surprising variety of protesters. These ranged from unions to civic groups, political activists and even a person in a Downsized Man superhero costume. With the ABA in focus, I add my perspective and that of many other millions of American savers who decry the historically abysmal interest rates paid on savings. As banks grow healthier, the return on my savings just gets more anemic. ...more

November 28, 2009

Members of AIG's financial-products unit should take heart. Yes, Obama administration pay czar Kenneth Feinberg is coming down on them with the awesome power of his czardom, dictating that their pay not exceed $200,000 a year. ...more

October 28, 2009

CHICAGO (AP) — Capmark Financial Group, one of the nation's largest commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt. ...more

October 25, 2009

Goldman Sachs and Morgan Stanley have formally asked the Federal Reserve for permission to repay a combined $20 billion in federal bailout money. ...more

May 18, 2009

Chrysler LLC's largest banks reached a tentative agreement with the U.S. government to exchange $6.9 billion in secured debt for $2 billion cash, say three people with knowledge of the negotiations. ...more

April 29, 2009

Retail recently had its best week since the beginning of December and analysts think the strong showing is a "good omen" heading into the spring season. ...more

April 1, 2009

"Dead Aid: Why Aid is Not Working and How There is a Better for Africa," by Dambisa Moyo (Farrar, Straus and Giroux, $24) ...more

March 29, 2009

Rep. Barney Frank charged Monday that a decision by financially strapped insurance giant AIG to pay millions in executive bonuses amounts to "rewarding incompetence." ...more

March 16, 2009

A man who caused a disturbance on a Delta flight from New York City to Tampa on Thursday was arrested after he scuffled at the gate with Tampa International Airport police, according to an affidavit. Robert M. Waugh, 32, of Brooklyn, N.Y., who told authorities he was an investment banker with Goldman Sachs, was charged with four counts of battery on a law enforcement officer and disorderly intoxication and resisting arrest. He remained in the Orient Road Jail this morning. Bail was set at $10,250. ...more

February 20, 2009