The web servers of three television networks and three major banks in South Korea were brought down by cyber attacks earlier today and, naturally, the first suspected culprit is North Korean hackers.
You know that term "fair weather friend?" No? Let us introduce you to Bank of America, the nation's largest lender, instigator of the Financial Crisis and newfound believers in customer service.
President Obama will announce two new federal appointments today that are designed to send a signal to the financial industry that they aren't getting a free pass from Washington anymore.
The vague idea guiding this year's World Economic Forum in Davos, Switzerland, sounds a lot like another vague idea forwarded in Davos-hating Nassim Taleb's book Antifragile.
A summary of the best reads found behind the paywall of The New York Times.
CitiGroup CEO Vikram Pandit and his right hand man, COO John Havens, took the financial world by surprise this morning and announced their resignations from the financial giant effectively immediately—an abrupt change from two months ago when Pandit said he was looking forward to spending several years as the bank's CEO.
Thanks to U.S. banks upping fees and modifying minimum-balance rules, so-called "free checking" accounts are the most expensive they've ever been in history.
Executives at Standard Chartered may "strongly" deny they laundered $250 billion of Iranian government cash since 2001, but it seems they're still willing to cut a check to make the bad headlines go away.
Are you angry about the LIBOR scandal? If not, allow Jon Stewart to get outraged for you about how the London Interbank Offered Rate interest rate that was manipulated by banks.
If Mitt Romney won't defend capitalism and those who've thrived in it, who will?
A chart from the International Monetary Fund's global financial stability report shows just how dire the need for cash is for Spanish and Italian banks which are poised to receive fresh funds from the European Central Bank.
A Senate committee has found that lax oversight at one of the world's biggest banks allowed terrorists and drug cartels to launder billions of dollars of illegal funds through its U.S. branches.
The CEO of JPMorgan Chase will testify before the Senate Banking Committee on Wednesday, where he will apologize for losing $2 billion in shareholders' money, while simultaneously trying to convince lawmakers that it wasn't that a big deal.
Bouncing checks is a big business. How big? Courtesy Pew Charitable Trust's update on hidden risks of having a checking account, Americans spent $29.5 billion in overdraft fees alone in 2011.
After getting pummeled by market forces for the better part of last year, the lights are starting to flicker back on at Bank of America.
J.P. Morgan and other major banks in the U.S. have decided that they're not going to try and pull a Bank of America by adding any new fees to their already cash-strapped debit-card customers.
Cartoonist Tony Auth on America's big banks.
Citigroup has agreed to pay $285 million to settle civil charges filed by the Securities and Exchange Commission that it deceived investors in a $1 billion deal by selling securities backed by mortgages that Citigroup bet against.
Goldman Sachs, the U.S.'s largest investment bank, lost $428 million during its third quarter, reports Reuters.
Still, that's only a "fraction" of the money that rich people have been stowing away
Banks have trouble tracking accounts when someone's name has 100 different spellings
Neil Barofsky was in charge of policing many recipients of government bailouts
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