This time it is auto loans, not the housing market, that appear to be driving a credit bubble similar to the 2008 bubble. FT reports.» Read More
Bank of America sure talked tough when it came to fighting claims by investors that it should buy back soured mortgages securities.
CNBC's Rick Santelli weighs in on New Jersey's money problems and its impact on the bond market.
There's just not enough funds to go around in New Jersey. Meredith Whitney, Meredith Whitney Advisory Group, weighs in on the Garden State's decision to take out a bank loan to pay its bills.
For anyone who has computed taxes, “tax brackets” are a familiar term -- but how they work can be complicated. Salman Khan of the Khan Academy breaks down and explains the U.S. income tax schedule.
Choosing where to put your money is one of the most important decisions you can make. When you have the option to invest or to pay off debt, which do you choose? Salman Khan of the Khan Academy outlines the best ways to get yourself into good financial shape.
The science fiction website io9 reports on a new study of microlending that finds that microloans work very differently than advertised.
China's May lending data have put policymakers in a dilemma over whether to tighten, loosen or pause monetary policy, according to Barclays Capital.
Discussing the chance of a subprime mortgage crisis in the banking industry, with Jeffrey Gundlach, DoubleLine Capital CEO.
When Credit Suisse bankers were debating with mortgage brokers over the stated income of a stripper who had purchased a $1 million home, they probably should have brought in an expert.
A debate about loan on a $1 million home loan home made to a stripper in Charlotte, North Carolina has turned up in the bond insurer MBIA’s case against Credit Suisse.
While JPMorgan Chase appears to have had a good first quarter, its earnings show evidence that a massive credit contraction is underway.
You would think that mortgage lenders would be chastened by the financial crisis and prolonged economic slump. After all, mortgage loans played a central role in the calamity from which we are still struggling to recover.
Whole Foods is a curious experiment in banking.
US banks do not have huge exposure to the disaster unfolding in Japan. On the face of it, JPMorgan has the biggest exposure with $53.9 billion of outstanding loans to Japanese companies. Goldman Sachs and Morgan Stanley come next, with Bank of America ranked fourth.