Melissa Allison

Regulators granted OneChicago LLC Futures Exchange the authority this month to trade futures on individual stocks, a new and somewhat controversial product for U.S. investors that was authorized by Congress...

Study after study has confirmed that minority applicants are denied mortgages at a higher rate than white applicants. Some have speculated that lenders prefer members of their own race in...

If you ask bankers what they think of the Federal Bureau of Investigation's decision to pull back on bank robbery and other criminal investigations to focus more on fighting terrorism,...

There was a time when small was considered virtuous, at least when you were choosing a bank. The 11,000 small community banks that served the country in 1980 were known...

People who think deposit insurance of $100,000 is not sufficient--and last summer, that included dozens of Chicago depositors in the failed Superior Bank FSB--may be encouraged that the U.S. House...

The class for a lawsuit alleging racial discrimination against the Federal Reserve Bank of Chicago was decertified this month, leaving plaintiffs to look for their own attorneys if they so...

Fed up with the lack of banks in their area, several South Side residents have banded together to create a community credit union, which they hope will provide an affordable...

Wall Street seems unconcerned about the effect a new lawsuit against Household International Inc. will have on the company's earnings. Shares fell just 27 cents, to $57.43, in twice its...

In an effort to alert the public to financial education resources, the Federal Reserve Bank of Chicago will host Money Smart Week beginning Monday. The six-day program is intended to...

Bank One Corp. is taking another crack at the Illinois General Assembly, trying to get legislation passed to alter state banking regulations to make them as attractive to Bank One...