Federal Reserve Smacks Wells Fargo With $85 Million Fine

Federal Reserve Smacks Wells Fargo With $85 Million Fine

Punishing Wells Fargo for alleged mortgage funny business, the Federal Reserve has fined the bank $85 million. Accusations include falsifying mortgage applications to let unqualified borrowers receive mortgages and directing those with good credit into costly subprime mortgages. [More]

AIG Says It Will Try Harder To Cut Costs, Begins By Canceling $10 Million Severance Package

AIG Says It Will Try Harder To Cut Costs, Begins By Canceling $10 Million Severance Package

AIG has been repeatedly called on the carpet over the past week or so for indefensible “business as usual” expenditures—a lavish corporate retreat, an executive hunting trip, and severance packages costing tens of millions of dollars. Now, after a meeting with NY Attorney General Andrew Cuomo, they’ve announced they’ll start trying harder to monitor and stomp out unnecessary expenses.

12 Ways To Save Money Without Scrimping

12 Ways To Save Money Without Scrimping

Some economists think we’re starting to pull out of our not-recession. For those of us who believe them and want to save without putting too firm a dent in our wallets, consider these twelve tips endorsed by the Wall Street Journal.