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Wells Fargo to stop offering reverse mortgages

Jun 17, 2011
The fourth-largest bank in the U.S. has announced it will no longer make reverse mortgages because home prices are too unpredictable.
Posted In: Banks

Online bank ING Direct to be sold

Jun 15, 2011
In return for a government bailout during the financial crisis, the Dutch financial services giant is selling its big U.S. online bank.
Posted In: Banks

Big U.S. banks told to boost cash holdings

Jun 14, 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?
Posted In: Banks

Why banks have to draw up living wills

Jun 13, 2011
The financial reform law requires that banks have to draw up living wills in the event of another financial crisis.
Posted In: Banks

White House penalizes big banks over mortgage mod program

Jun 10, 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.
Posted In: Banks

Citibank hacked, more than 200,000 bank customers affected

Jun 9, 2011
The banking giant has confirmed that credit card information for about 200,000 of its North American customers have been compromised.
Posted In: Banks

Senate imposes debit swipe fee limits

Jun 9, 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.
Posted In: Banks

Banks lose battle over debit card swipe fees

Jun 9, 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.
Posted In: Banks

Senate weighs delaying cap on debit swipe fees

Jun 8, 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.
Posted In: Banks

U.S. banks at risk in European defaults

Jun 6, 2011
A study released by the Bank for International Settlements says U.S. banks are the very exposed to the economic woes of Greece, Portugal and Ireland.
Posted In: Banks

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