Banks | featured news

Rodolfo Soules tried to close a friend’s account at Stanford Financial Group Wednesday, but the building was closed.

Banking giant UBS has agreed to pay $780 million and turn over once-secret Swiss banking records to settle allegations it conspired to defraud the U.S. government of taxes owed by thousands of American clients.

SEC says Texas banker swindled billions selling CDs with improbable interest rates.

Banco Santander, Europe's second-largest bank by market value, has quietly sweetened a compensation deal for selected private banking clients who lost money in Bernard Madoff's alleged Ponzi scheme.

After selling a majority stake in Miami-based City National Bancshares last November, $60 million of the proceeds, out of his own pocket, got handed out to his tellers, bookkeepers, clerks--everyone on the payroll. All 399 workers on the staff received bonuses, and he even tracked down 72 former employees to give them bonuses.

A provision buried in the stimulus bill would impose restrictions on executive bonuses at companies reaping bailout money.

JPMorgan Chase & Co. and Citigroup Inc. are halting home foreclosures while the Obama administration develops its plans to help the U.S. housing market.

Banks can't unload their toxic assets. But what if their assets weren't toxic?

House members want the eight big banks to increase their lending and explain what they are doing with the taxpayers’ money.

U.S. Treasury Secretary Timothy Geithner will lay out a bank-rescue plan on Tuesday that will rely on public and private funds to take $500 billion of bad assets off banks' books, sources said.