Extreme Makeovers
July 20, 2011 Faced with the reality that they might not be able to sell their homes anytime in the near future, more homeowners are...

American Express Earnings Up 31% as Cardholders Spend More
July 20, 2011 Average cardholder spending increases 15% to $3,767 during the second quarter.

NACA Goes to Court
July 20, 2011 The Neighborhood Assistance Corp. of America has filed a lawsuit against HUD, accusing the agency of "trying to silence and...

Wells, B of A: A Tale of Two Capital Ratios
July 19, 2011 If the financial industry were made up of nursery rhymes, Wells Fargo would be Little Jack Horner and Bank of America would be...

Amex Courts Facebook Friends with Benefits
July 19, 2011 The card issuer launches Facebook application to offer cardholders customized deals based on their "likes" and interests.

Capital Issues Take Center Stage in B of A's Second-Quarter Results
July 19, 2011 Analysts were rattled by a big drop in the bank’s tier 1 common equity ratio, despite assurances from CEO Brian Moynihan...

General Counsel Resigns at Freddie
July 14, 2011 Robert E. Bostrom, executive vice president and general counsel of Freddie Mac, will resign from his post effective July 29.

Lending Club Originations Rise 7% in June to $20 Million
July 14, 2011 Lending Club says a record $20M of consumer loans were funded through its website in June, bringing the total amount of loans...

People
July 7, 2011 Judge calls on HSBC's North American chief to explain foreclosure; B of A tears up the slopes; Huntington marries marketing...

Pipeline
July 6, 2011 Miami couple caught faking a promissory note in order to have mortgage debt discharged; HUD now pushing for those handling...