Banks

Commentator Robert Reich offers his suggestion for this year's biggest bipartisan economic initiative: Breaking up Wall Street's biggest banks.

The Basel Committee on Banking Supervision made some significant changes to the financial rules of the road today.

In a costly day of legal settlements, 10 banks agree to pay $8.5 billion to four million homeowners for mishandling their foreclosures.

After the financial crisis, banks are bigger and are complying with more regulation. That means many more pages in their annual reports, but look closely, and the metrics hide straightforward information about the banks' health.

The Swiss banking giant UBS is reportedly headed for a $1 billion settlement over accusations it rigged LIBOR interest rates -- the benchmark for global lending.

European finance ministers struck a major new deal over their debt crisis. They agreed that the European Central Bank -- Europe’s equivalent of the Fed -- should take over the supervision of the continent’s biggest banks.

This morning Citi says that total is about to shrink -- 11,000 job cuts worldwide in the next year or two, some of them at least here in the U.S.

Hit by new regulations and low interest rates, banks are likely to dip into reserves for bad loans again to boost third-quarter profits.

Vietnam has been on a roller coaster ride for a week. The turmoil was caused by one banker arrested for financial crimes.

Credit unions used to be a banking oasis free from fees. But slowly, credit unions are starting to charge for checking accounts and raising minimums to avoid fees.