Markets: News  

Consumer credit drops for first time in 11 months

Consumer credit declined in July for the first time in 11 months as Americans turned to their plastic less and as growth in student loans cooled, according to data released Monday. See full story.

TARP watchdog on Treasury, AIG, too-big-to-fail

As the Treasury Department unveils its plan to dramatically chop its stake in American International Group, the watchdog for the sweeping bank-bailout program is still concerned that the firm hasn't been designated as "systemically" risky four years after the financial crisis. See full story.

AIG bailout profits came with a price

The sale of AIG stock by the Treasury Department is a relief for many who worried taxpayers would lose more than $180 billion committed to the insurer. See full story.

Jenkins begins work to repair Barclays reputation

Seeking to reposition a Barclays damaged by its role in the Libor-fixing scandal, CEO Antony Jenkins stresses the British bank's activities need to pass a "reputational test." See full story.

Soros: Germany's heading into depression

A depression in Europe will spread to Germany within six months, said George Soros, chairman of Soros Fund Management. See full story.

Afternoon TV will prove to be the next best thing to morning TV, which she dominated in her heyday, writes media columnist Jon Friedman See full story.

Since the recession, companies avoided hiring new employees by pushing existing staff to work longer and harder. But experts say employers may have squeezed everything they can out of their workforce--and now have no choice but to start hiring. See full story.