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A report from Bloomberg said that defaults of credit cards in the United States rose by 11.49% in August. The number is up from the 10.52% it increased from the month of July. The percentage reflects complete write offs and not delinquencies that are still …

When compared to the rest of the world, the CEOs and executives in United States banks make too much  money. The CEO of the largest bank in the world, makes only 2 percent of what the CEO of JPMorgan Chase makes.
See the image above for …

Some of the country’s largest banks are posting unexpected and large profits. Why is it when the consumers of the nation are hurting that some banks are doing so well? After all, on Thursday JPMorgan announced a $2.7 billion second quarter profit, Goldman Sachs — …

In an attempt to raise capital, Ford announced today its plan to offer 300 million shares of common stock. The sale of the stocks would be used partly to pay off Ford’s healthcare obligations to the United Auto Workers union as per the terms …

After an awful week on Wall Street last week, this one has been pretty good(so far) and been fueled by news from Citi that it operated at a profit for the first quarter and other news out of Washington about federal money headed to financial …