April 16th, 2010
05:12 PM ET

WaMu's risky lending led to failure, regulators say

The demise of Washington Mutual, the biggest bank failure in U.S. history, was due largely to a high-risk lending strategy pursued by the company's management, according to a government report released Friday.


April 14th, 2010
05:33 PM ET

Senators fight airlines over carry-on baggage fees

Senate Democrats are taking aim at carry-on baggage fees after Spirit Airlines became the first U.S. carrier to propose charging passengers to store luggage in overhead bins.

On Wednesday, Sen. Charles Schumer, D-N.Y., introduced a bill that would amend the tax code to eliminate a loophole that he and four other Senators say allows airlines to avoid taxes on certain fees.


March 22nd, 2010
05:08 PM ET

Fewer bank stickups despite recession

Despite one of the worst economic climates in recent history, the number of bank crimes fell sharply last year, the Federal Bureau of Investigation said Monday.


March 18th, 2010
05:14 PM ET

Greenspan offers a mixed mea culpa

Alan Greenspan acknowledged Thursday that U.S. regulators had failed to grasp the magnitude of the financial crisis, but the former Federal Reserve chairman argued that low interest rates were not to blame.