recession

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  • Va. attorney general sues major banks for $1.1B

    ALAN SUDERMAN Associated Press RICHMOND, Va. (AP) — Virginia Attorney General Mark Herring is suing some of the world’s largest banks for $1.15 billion in damages related to the housing market crash. Herring said at a news conference Tuesday that the banks misled the Virginia Retirement System about the quality of certain loans while selling…

  • Families hoard cash 5 years after financial crisis

    They speak different languages, live in countries rich and poor,
    face horrible job markets and healthy ones. When it comes to money, though, they
    act as one: They\’re holding tight to their cash, driven more by a fear of losing
    what they have than a desire to add to it.

  • Surveys show employee loyalty down

    Weakened by layoffs and reduced benefits, surveys show that workplace loyalty is in sharp decline.