Banks

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No banks have opened in 3 years ... until now

Dec 24, 2013
After years of no banks opening, the first one opened its doors a few weeks ago--but this isn't your ordinary bank.
Posted In: Banks

Swiss banks agree to help U.S. on tax evader crackdown

Dec 16, 2013
There was a time not so long ago when if you wanted to store money somewhere, no questions asked, you’d go to Switzerland. Maybe not so much anymore.
Posted In: Swiss, Banks, Credit Suisse, Tax evasion

Swiss banks must decide whether to hand over client information to U.S.

Dec 9, 2013
Today is the deadline for Switzerland's private banks to decide whether to cooperate with U.S. demands to combat tax evasion by handing over client information -- a move that would finally end the long tradition of banking secrecy.
Posted In: Swiss, Switzerland, Banks, Tax evasion

Tell me again: What's the Volcker Rule?

Dec 4, 2013
Regulators are close to deciding on the Volcker Rule to limit banks' speculative trading.
Posted In: Banks, Goldman Sachs, proprietary trading, Volcker Rule

Small banks and the aftermath of the financial crisis

Dec 4, 2013
A House committee holds a hearing to consider the impact of post-recession reforms on small banks and credit unions.
Posted In: financial crisis, Banks, credit unions, small banks

A women's-only bank in India

Nov 20, 2013
India launches its first women-only public sector bank this week.
Posted In: India, Banks

Divvying up the $13 billion JP Morgan fine

Oct 21, 2013
We're getting early reports of a potential $13 billion settlement over mortgage securities, of which $4 billion would go to consumers.
Posted In: Banks, fines, mortgage mess, JP Morgan Chase, Jamie Dimon

Ghosts of TARP haunt community banks

Oct 8, 2013
While the big banks have mostly paid the money back, small community banks are now struggling.
Posted In: TARP, small banks, Banks

Housing is back, so why the mortgage layoffs?

Sep 24, 2013
The S&P Case Shiller home price index indicates that housing prices continue to recover.
Posted In: Banks, Mortgages, refinancing

Who's too big to fail?

Sep 13, 2013
We call it TBTF. The government calls it SIFI. Which companies can threaten the economy if they go bust?
Posted In: too big to fail, Banks, financial crisis

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