What is the DOJ planning to do with the money its getting from Bank of America's settlement? Tom Fitton, Judicial Watch President, says some of the money is going to liberal activist groups.» Read More
A Goldman Sachs report finds only 11 percent of hedge funds have outperformed the S&P 500 this year, with David Bailin, Citi Private Bank. Most funds are conservatively positioned, he says, and have excess cash levels.
Years into the so-called economic recovery, it remains difficult for small businesses to get bank loans. "I had great credit," says Allison O'Neill, founder of Bundle. "They were just like, we're not taking any risks on startups."
Indian corporates already under stress from a slowing economy cannot afford a credit ratings cut, which would raise their borrowing costs, further hurting profitability, Chanda Kochhar, CEO of the country’s second-largest lender ICICI Bank told CNBC.
CNBC's Diana Olick reports the details of big banks selling loans to what are called "specialty servicers."
Nev Power, CEO of Fortescue Metals said the funds provide a buffer against the uncertain financial and macro environment at the moment.
The San Diego school district of Poway borrowed $105 million to build and remodel schools. That alone is not unusual, except the loan they took will end up costing taxpayers nearly $1 billion to pay back, reports CNBC's Herb Greenberg. Will Carless, Voice of San Diego staff writer, and Marilyn Cohen, Envision Capital CEO, weigh in.
About 19 percent of all auto loans are subprime or deep subprime, according to Experian. CNBC's Phil LeBeau reports.
The SEC is probing Navistar's accounting, and Green Mountain is seeing hyper growth, reports CNBC's Herb Greenberg.
Newlyweds can mutually protect their credit scores by keeping their finances unentangled.
CNBC's Herb Greenberg reports on a subprime lender charging up to 204 percent on its loans.
Many Americans are defaulting on loans against their retirements to try to make ends meet. Are we facing a 401(k) crisis? Hal Singer, Navigant Economics, shares his opinion.
Auto loans, particularly to buyers with credit scores of 679 or lower, are becoming easier to get as credit gets cheaper.
CNBC's Herb Greenberg has the details on World Acceptance ahead of its earnings report.
When fast-growing World Acceptance reports earnings on July 26, keep an eye on anything the company says about the government's newly formed Consumer Financial Protection Bureau (CFPB).
The thousands of community banks have often said their much larger counterparts have trampled on them. Now some hope the latest Wall Street scandal could give them ammunition to strike back.
Amid a recession and credit crunch, consumers and businesses are turning to pawn shops for a quick cash infusion, USA Today reports.
As the cost of college continues to rise, many students are finding even the Bank of Mom & Dad has tightened its lending practices.
Doug Duncan, Fannie Mae chief economist, breaks down the data on the housing market, including the rise in delinquency rates.
Where do U.S. banks stand against their European peers? Jeff Harte, Sandler O'Neill principal, weighs in.
Nik Wallenda became the first man ever to walk directly across the Niagara Falls on a tightrope. The mayor of Niagara Falls, Paul Dyster, weighs in.