Melissa Allison

First there was electronic mail. People saved money on stamps. Then they started saving on birthday cards, which can be transmitted free via e-mail. Now even the check that comes...

Following an onslaught of attacks in Washington on a federal law that requires banks to serve low-income communities, a Federal Reserve staffer is lambasting it for being outdated and unnecessary....

Hugh McColl Jr., head of Bank of America Corp., regaled several hundred of Chicago's hottest shots last week with thoughts on everything from predatory lending to why he keeps a...

Richard Vague, the former head of Bank One Corp.'s credit card operation, was in Chicago last week to talk about Internet banking and his new venture, Juniper Bank. Like Bank...

Homeowners being inundated with information about saving money through biweekly mortgages might want to look twice before signing up. These increasingly popular programs do save borrowers money. They can shorten...

More consumers are paying their credit card bills on time than they have in nearly six years, one indication that the economy continues to buzz despite the Federal Reserve's efforts...

Jamie Dimon, never one to mince words, told a group of economists last week exactly what he thinks of Al Gore's invention. "The Internet basically stinks," he said. "It's slow,...

Talk about good company: Jamie Dimon didn't know it, but he had something in common with Warren Buffett early this year, when each high-powered businessman bought a chunk of Bank...

Now that Chicago has become the first city in the country to crack down on mortgage lenders that charge onerous rates and fees, banks doing business with the city have...

If Capt. Jean-Luc Picard ever had to run to the bank on an episode of "Star Trek: The Next Generation," he might have found himself looking at a teller window...