Banking

Banks today are reeling, just a day after Standard & Poor's downgraded dozens of financial institutions all around the world -- including here in the United States.

The planned liquidity injection might not solve all the problems in Europe, but it shows that central banks are getting serious.

Pressure builds in Europe as clear signs begin to show that a default there would hit the U.S. banks hard.

President Obama is hosting some top European Union officials at the White House this morning, as concerns grow about what the debt crisis in Europe could do to the American economy.

Even after stress tests on European banks were deemed unsuccessful, a new process will now seek to determine how U.S. banks will react in the case of a European financial crisis.

Be careful with your debit card this holiday season. Of course, that holds for the rest of the year. Still, it's all too easy during the hectic holiday season to overdraw your account online and at the mall. You could end up paying steep fees.

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