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SEC could file civil charges against ratings agencies
Sep 22, 2011
The Wall Street Journal is reporting that the Securities and Exchange Commission could file civil fraud charges against some credit ratings agencies for potential negligence in mortgage-bond deals that helped trigger the financial crisis. Jean Eaglesham from the Wall Street Journal explains.
Wells Fargo to stop offering reverse mortgages
Jeff Horwich Sep 22, 2011
The fourth-largest bank in the U.S. has announced it will no longer make reverse mortgages because home prices are too unpredictable.
Online bank ING Direct to be sold
Bob Moon Sep 22, 2011
In return for a government bailout during the financial crisis, the Dutch financial services giant is selling its big U.S. online bank.
Big U.S. banks told to boost cash holdings
Heidi N. Moore Sep 22, 2011
New rules level the playing field between big and small banks. National banks are griping, but will they really have less money to lend?
Why banks have to draw up living wills
Sep 22, 2011
The financial reform law requires that banks have to draw up living wills in the event of another financial crisis.
White House penalizes big banks over mortgage mod program
Amy Scott Sep 22, 2011
JPMorgan Chase, Bank of America and Wells Fargo must make 'substancial improvements' if they want access to President Obama's Home Affordable Modification Program.
Citibank hacked, more than 200,000 bank customers affected
Amy Scott Sep 22, 2011
The banking giant has confirmed that credit card information for about 200,000 of its North American customers have been compromised.
Senate imposes debit swipe fee limits
Sep 22, 2011
The U.S . Senate voted yesterday to end the banking industry's rally to block caps on debit car swipe fees yesterday. Greg McBride at Bankrate.com explains.
Banks lose battle over debit card swipe fees
Sep 22, 2011
The U.S. Senate has rejected a plan, backed by banks, for a six-month delay in the implementation of a cap on debit card swipe fees. Karen Petrou with Federal Financial Analytics explains.
Senate weighs delaying cap on debit swipe fees
David Gura Sep 22, 2011
In the D.C. battle between banks and retailers over swipe fees, both sides of the issue say they're on the side of consumers, but in reality, it's all about revenue.
