Some electric vehicle owners have over-the-top praise for their cars’ performance and practicality. Does that mean the vast majority of drivers on the road are stupid for not being EV early adopters?
Wall Street dealmakers are off to a busy start to 2013, as some of corporate America’s most recognizable names have become involved in multi-billion-dollar mergers and acquisitions. Just yesterday, American Airlines and US …
A host of factors outside of the government’s control will likely hold back the economy for at least another year.
The banking sector still faces big challenges, but greater transparency will boost investor confidence and also encourage banks to manage risk better internally.
A host of special interests, from filmmakers to rum distillers, got tax breaks in last week’s fiscal cliff deal.
Multiple debt markets are facing big trouble because of excessive borrowing and the Fed’s easy-money policies.
Four years on from the financial crisis, new banking scandals still seem to break out every few months. But this week has been particularly bad for the industry. There was HSBC’s $1.9 billion settlement with the U.S. Justice Department over laundering money for Latin American drug cartels and helping countries like Iran, Cuba, Sudan,
When the government came down hard on Big Tobacco a decade ago regulators required that a portion of any penalties go toward educating youth on the dangers of smoking. Amid the big bank Libor scandal and a stream of continuing bank fines, regulators now should require that a portion of future bank penalties fund financial education. It’s …
The federal government is suing Bank of America for a $1 billion over the bank’s pre-crisis mortgage practice known as “the hustle.” But it wasn’t just naive home buyers who fed the financial crisis. Renters and the well educated had too much debt too, and a new study concludes that college graduates are most prone to debt mismanagement.
Once a quirky financing option for intrepid entrepreneurs, crowdfunding has evolved into a fast, effective way to raise cash for just about any endeavor. Even the producers of the upcoming Charlie Kaufman movie, Anomalisa, …
EU’s new focus on banking union is a political minefield but a financial imperative to stave off further crises