Banks

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U.S. banks line up for another bailout

Jun 30, 2011
The latest GOP plan to jumpstart bank lending may leave taxpayers holding the bag.
Posted In: Banks

Fed places new restriction on swipe fees

Jun 29, 2011
Banks were previously able to collect $15 billion a year from swipe fees. Now, the Federal Reserve is capping that, but it doesn't necessarily mean the end of debit cards.
Posted In: Banks

Bank of America mortgage settlement could set framework for other banks

Jun 29, 2011
Richard DeKaser, economist with the Parthenon Group, explains Bank of America's $8.5 billion settlement over risky mortgage backed securities.
Posted In: Banks

Bank of America agrees to $8.5 billion mortgage settlement

Jun 29, 2011
Bank of America will pay $8.5 billion to settle claims that the lender sold bad mortgage-backed securities to investors that went bad when the housing boom went bust.
Posted In: Banks

Lagarde's appointment may be a missed opportunity

Jun 29, 2011
Simon Johnson, professor at MIT and a former chief economist at the IMF, says newly appointed International Monetary Fund chief Christine Lagarde will favor the interest of French banks, and that the IMF missed an opportunity to emphasize foreign markets.
Posted In: Banks

New Jersey asks JPMorgan for a $2.25 billion loan

Jun 28, 2011
Garden State officials are negotiating a temporary bank loan with JPMorgan to cover a revenue gap in the new fiscal year. But is it normal for a state to seek a loan like this?
Posted In: Banks

Banks ordered to hold more capital

Jun 27, 2011
A group of central-bank leaders announced on Saturday that the world's biggest banks will have to hold more capital on their balance sheets to protect themselves in case of another crisis.
Posted In: Banks

Jumping through hoops for decent interest rates on checking accounts

Jun 23, 2011
Consumers can find relatively high checking account interest rates these days. But there's a catch -- or a couple.
Posted In: Banks

New ways for banks to profit from you

Jun 20, 2011
Banks and credit card companies are looking for ways to make up billions in fees they can no longer charge, thanks to new regulations. Your shopping habits are high value.
Posted In: Banks

LulzSec and Anonymous declare war on all governments

Jun 20, 2011
So who are you rooting for: the entire sociopolitical order as we know it or nameless hacker groups? Well, pick one, because apparently war is...
Posted In: anonymous, Banks, government, hacking, lulzsec

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