| Sep 29, 2012
Readers of The Bottom Line pride themselves on their credit-card discipline (please say it's true), but how many of you watch the people watching you spend your money?
Do you know the most, by law, you will ever pay on an unauthorized charge to your...
| Aug 4, 2012
| 4:44 AM
Bank regulators on Friday closed the Waukegan Savings Bank in the far North suburb.
Two branches are re-opening as First Midwest Bank.
Customers will automatically be switched over with deposits still insured by the Federal Deposit...
| Mar 3, 2013
| 9:48 AM
Q: I am 65 and getting ready to retire with a pension plan. Should I take a lump sum or a monthly payment? We have other resources available, Social Security and my husband's pension. — D.M., Orlando
A: You should consider whether you think you...
| Sep 24, 2012
Roberto Herencia occasionally rides to work on one of the four Harley-Davidson motorcycles he keeps in his "man cave," a Glenview storage facility equipped with a red couch, a TV and a 6-foot lucha libre mask, an icon of Mexican wrestling.
| Feb 25, 2013
| 9:46 AM
WASHINGTON -- How big is the national debt?
You'd think this would be an easy question. Surely we know how much the government owes. Unfortunately, it's not that simple. The true national debt could be triple the conventional estimate, anywhere from $11...
| Jan 15, 2013
| 8:30 AM
TARP, the infamous Troubled Assets Relief Program that bailed out Wall Street in 2008, is finally over. The Treasury Department recently announced it will soon be completing the sale of the remaining shares it owns of the banks and of General Motors.
| Dec 5, 2012
| 12:42 PM
The "fiscal cliff" is looming. Talks are basically at a standstill. Fingers are being pointed. Here to weigh in: two sets of Simpsons.
One, the animated Fox TV show “The Simpsons,” gets its resident moneybags, Mr. Burns, to explain the...
| Nov 25, 2012
| 4:17 AM
Q: A financial firm in Orlando is advertising 12-month Certificates of Deposit with 3 percent interest. They say they are FDIC insured. Most 12-month CDs I see are hardly paying 1 percent. How do they do that?
A: These are called CD-...
| Apr 8, 2013
| 2:35 PM
Mary Schapiro, the former chairman of the Securities and Exchange Commission, must take us for fools.
No need to worry about her and the so-called revolving door between government and Wall Street, she told the Wall Street Journal on April 2, after...
| Apr 14, 2013
In November 2011, I wrote a column about FDIC loss-share agreements and how banks who exploit them were reaping windfalls while prolonging the foreclosure crisis, depressing property values and harming American families.
The FDIC took issue with my...
| Oct 2, 2012
| 7:42 AM
The Federal Reserve has again extended the deadline for MetLife Inc. to resubmit capital plans while the insurer works to complete a sale of its bank deposit-taking operations to a unit of General Electric.
In a filing with securities regulators on...
| Apr 2, 2012
| 4:35 PM
This April, the Elmhurst Historical Museum will commemorate ecology and green living by presenting a cooperative community poster project, “Eco Elmhurst: Shaping the Future of …...