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Despite reforms, bank fees keep rising

Sep 24, 2012
Banks are spreading the pain of fees to a wider swath of clients, according to a Bankrate study. Free checking is a dwindling option.
Posted In: banking, fees, overdraft fees

Bank of America announces 16,000 layoffs

Sep 20, 2012
Bank of America is accelerating plans to cut costs by laying off workers. According to the Wall Street Journal, the bank has set a target of cutting 16,000 jobs by the end of this year -- about 6 percent of the bank's workforce.
Posted In: banking, Bank of America, layoffs

A Florida community banker weighs in on the election

Aug 29, 2012
As part of our coverage of "The Real Economy" -- what matters most to voters this election year -- we've invited a guy named Mike Sleaford into the studio to give us his thoughts on the election and the economy.
Posted In: Florida, banking

Mexico experiments with the 'branchless' bank

Jul 25, 2012
With costs to open rural bank branches prohibitive, tech companies look to turn payphones into virtual banks.
Posted In: Mexico, banking, branchless bank

Four more banks under investigation in LIBOR scandal

Jul 19, 2012
According to the Financial Times newspaper, four big European banks have joined Barclays in the not-so-prestigious club of financial institutions being investigated for rigging a benchmark lending rate called LIBOR.
Posted In: banking, LIBOR, London

Goldman to open private bank

Jul 17, 2012
In the face of a tough banking market and disappointing earnings, Goldman Sachs announced this week that it will build a private bank -- joining the ranks of UBS and U.S. Trust and others -- that will manage and lend money to very wealthy individuals and companies.
Posted In: banking, Goldman Sachs

HSBC faces hearing for money-laundering lapses

Jul 17, 2012
A congressional watchdog panel will be grilling executives from the British bank HSBC about -- get this -- money laundering, drugs and terrorist financing.
Posted In: banking, HSBC

The question of adequate financial regulations

Jul 10, 2012
News this morning that Bob Diamond, the former head of Barclay's bank has given up $30 million in bonuses after resigning over that interest rate rigging scandal. And the scandal has brought up the issue -- yet again -- of whether current regulations on the financial industry are adequate.
Posted In: banking, bank regulations, Bob Diamond, interest rates

British Parliament investigating London's financial center

Jul 6, 2012
The British Parliament has started investigating the ethics of London's financial center. This follows that big scandal involving the British bank Barclays, which was fined a half billion dollars for rigging a key interest rate called LIBOR.
Posted In: banking, London, Barclays

Former Barclays CEO answers questions on LIBOR rate fixing

Jul 4, 2012
Yesterday Bob Diamond resigned as CEO of Barclays Bank, and this hour he's sitting before a Parliamentary committee in London. Parliament is investigating the possible manipulation of interest rates by Barclays and other banks.
Posted In: banking, Barclays, Bob Diamond, Parliament

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