Curbing derivatives might hurt, not help, Greece (AP) Derivatives have become a dirty word. The complex financial products helped blow up the U.S. housing market. They all but sank AIG. Now European officials want to crack down on a derivative called a credit default swap.
Bank of America ends overdraft fees on debit cards (AP) Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.
EU urges US to join in action against speculators (AP) European officials urged the U.S. to join in a crackdown on speculators who bet against Europe's currency union, warning they might ban some credit default swaps -- opaque financial instruments blamed for worsening the world financial crisis.