financial crisis

The financial crisis of 2007–2008 isn't necessarily a distant memory in many people's minds. It is, however, a long enough period for credit reports to purge negative entries for more than half a million potential home buyers. Bloomberg, citing data from the Federal Reserve Bank of New York,...

After the Financial Crisis, it’s understandable that many people harbor resentment for the financial community. But Medium’s Mike Yu recently defended financial markets. “Finance serves as society’s allocator of capital and risk, over parties and states of the world,”...

A new Wall Street Journal report by Jean Eaglesham reveals just how rarely individual bank employees are convicted of crimes. Following the Financial Crisis in which irresponsible lending and trading practices at the big banks nearly led to the collapse of the U.S. financial system, many Americans...

Citigroup Inc (NYSE: C) shareholders can now close the book on yet another legacy issue from the bank’s past, but closure comes at a steep price. Accusations, Settlements And Fines Citi and its affiliates have agreed to pay $425 million in fines related to Libor and other benchmark...

On Tuesday, the Senate will vote on repealing a new rule aimed at protecting retirees from being preyed upon by financial brokers. President Barack Obama released the new rule in April, which requires brokers to operate with their clients’ best interest in mind. In the past, these brokers...

Less than a decade after out-of-control mortgage debt nearly dragged down the entire U.S. economy, the Wall Street Journal reports that by the end of 2016, Americans will collectively hold $1 trillion in credit card debt. The all-time peak for national credit card debt was $1.02 trillion in July...

U.S. auto makers Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) both have a checkered past when it comes to their businesses. Both companies took loans from the government during the Financial Crisis, and they’ve both had ugly recalls related to vehicle safety. Ford...

By the end of this week, the post-Financial Crisis bull market will likely become the second longest bull market in history. It has now been 2,603 days since the S&P bottomed back in 2009. In that time, the market has surged an astonishing 209 percent. Going into this week, the current bull...

An image included in a new Keefe, Bruyette & Woods report shows just how much the Financial Crisis and its regulatory aftermath has impacted the largest U.S. financial institutions. The image below demonstrates the 20 largest U.S. financial institutions in 2006 compared to the 20 largest in...

The housing market has recovered from the financial crisis meltdown, but still the recovery hasn’t been as spectacular as expected. Lennar Corporation (NYSE: LEN) CEO Stuart Miller was on CNBC Wednesday to discuss the improvement in the housing market and why people are still apprehensive...

With the low point of the Financial Crisis now more than six years in the rear-view mirror, 24/7 Wall Street recently compiled a list of five of the biggest turnaround stories since the market crash. These five companies teetered on the brink of disaster, but they have since made major comebacks...

After a strong close to trading last week, the S&P 500 is once again nearing all-time highs. The six-year bull market that followed the Financial Crisis has been good to many investors.

Government Sponsored Entity (GSE) Fannie Mae (Federal National Mortgage Assctn Fnni Me (OTC: FNMA)) announced this week that its next dividend payment to the U.S. Treasury will total $1.8 billion. Although the payment will be the smallest quarterly dividend that the company has paid the...

With the financial crisis behind them, U.S. corporations are seeing a marked increase in consumer spending and enjoying all of the perks of an improving economy. However, with economic improvement comes lower unemployment and a much smaller pool of applicants, making it difficult for big name...