Melissa Allison

Efforts by Donald Powell, the new chairman of the Federal Deposit Insurance Corp., to reform deposit insurance seemingly fall low on the list of priorities on Capitol Hill, as lawmakers...

Michael Milken, the man who brought junk bonds to the savings and loan industry in the 1980s, ended his jail time years ago and has been rehabilitating his image through...

The consumer finance industry has been accused in recent years of overpricing, double-charging and otherwise cheating customers to the tune of millions of dollars. Earlier this month, Household International Inc....

Northern Trust Corp., usually one of the nation's best-performing bank stocks, scraped bottom in 2001. After ending 2000 at more than $80 per share, Northern stock lost nearly half that...

After three decades laboring in the frequently stodgy realm of banking, David Vitale stepped last March back into a world that more closely resembles the blue-collar environment in which he...

Revenues at the Wayne Hummer Cos. have suffered this year, as they have for most brokerage and investment firms. But that wasn't what prompted the 70-year-old Chicago company's decision, announced...

Longtime options trader Tom Sosnoff launched a new online brokerage firm in November that specializes in options trading for individual clients. Called thinkorswim Inc., it is just the latest e-trading...

Chicagoans looking to avoid currency exchange fees soon will have another option besides banks and credit unions. It's called Civis Financial Group, the brainchild of former boutique investment banker Kenneth...

On Thursday, around the same time that mail at the Federal Reserve Board in Washington, D.C., tested positive for anthrax, the Senate approved the nomination of two new governors to...

Investors lamenting the state of their equities portfolios should take heart from the fact that even the seasoned experts who invest money in private ventures for Bank of America Corp....