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Banks in St. Louis Area Getting Into Payday Loan BusinessBig banks are getting into the payday lending business, creating competition for the storefront operators and stirring the ire of consumer advocates. |
Raj Rajaratnam Sentenced -- and Fined MillionsGalleon Group founder Raj Rajaratnam was found guilty on 14 counts involving securities fraud and conspiracy last May. Today, he was sentenced to 11 years in prison, as well as fined $10 million. |
Obama Worried About Repercussions of China Currency MeasurePresident Obama said Thursday he was concerned that efforts by Congress to pressure China on its currency could backfire. |
Starbucks Seeks to Perk Up Economy With New Jobs InitiativeStarbucks announced a new program called Create Jobs for USA. The Create Jobs for USA initiative, in partnership with the Opportunity Finance Network, will pool donations from Starbucks customers, employees, and other donors into a nationwide fund to be used for for community business lending, with the ultimate goal of sustaining jobs in the U.S. |
Free Noninterest Checking DeclinesAbout 45 percent of Americans have a free noninterest checking account, according to an annual national study by Bankrate.com. |
Bank of America to Cut 30,000 Jobs As Part of $5B/Year SavingsBank of America (NYSE: BAC), in what it refers to as "Phase I" of its cost-savings plan, expects to cut approximately 30,000 jobs over the next several years. |
Gov't Prepares To Sue Banks Over MortgagesThe federal government will sue a dozen U.S. banks, charging they misrepresented the quality of mortgage securities sold in the housing bubble, insiders said. |
End of Lehman Brothers Draws NearerNearly three years after the spectacular bankruptcy of U.S. investment bank Lehman Brothers, creditors are closer to getting some form of compensation for the funds they lost. |
Lending Can Lift Investors' ReturnsThree months after he retired from his Wisconsin packaging business and moved to California, Don Passehl watched the bottom fall out of the stock market, seriously depleting his retirement savings. It was enough to prompt Passehl and his wife to look for a better, safer place to invest their money. |
Sputtering Economy Pushes Banks to Cut Costs And Seek New RevenueFinancial giants are cutting thousands of jobs, consolidating businesses and looking for new sources of income amid the changing financial landscape. |
Find a Fund That Can Better Weather a StormYou've heard the refrain: Buy and hold. |
