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Bank of America tests new fee system

Jan 6, 2011
Thanks to new rules restricting banks from charging exorbitant fees on credit cards, it seems that they're making it up in other ways. Bank of America announced a new fee system based on how much money customers keep in the bank, and how much they're not costing the bank. Stacey Vanek-Smith explains.
Posted In: Banks

Pope to set up watchdog to avoid further Vatican Bank scandals

Dec 30, 2010
In light of a criminal investigation into the Vatican Bank for accusations of money laundering and tax evasion, the Pope announced today that he is setting up a new watchdog to try and prevent further wrongdoings. Will the secretive Vatican Bank clean up its act? Stephen Beard reports.
Posted In: Banks

Bank execs may have to reveal their bonuses

Dec 28, 2010
International regulators are pushing for a plan that will force banks to disclose how much they're paying in bonuses, and to whom.
Posted In: Banks

New plan for transparency in banker bonuses

Dec 28, 2010
There's a new plan in the news that would force banks to reveal how big banker bonuses are, and why. Stephen Beard reports.
Posted In: Banks

MIDDAY UPDATE: Ernst and Young, Kinect

Dec 20, 2010
New York prosecutors may charge accounting firm Ernst and Young for its role in the collapse of Lehman Brothers. New York prosecutors are...
Posted In: Banks, dover, Ernst and Young, kinect, Lehman Brothers, Microsoft, mid-day update, UK

Cap on debit interchange fees could lead to other costs

Dec 16, 2010
The Federal Reserve today announced that it wanted to cap debit interchange fees, the money banks often charge retailers when consumers use their debit cards. The cap could cost banks billions in revenue, but as Jeff Tyler reports, they'd find other ways to make it up.
Posted In: Banks, Credit Cards

Wells Fargo calls for tougher regulation

Dec 15, 2010
Financial times reports Wells Fargo wants banks to keep more of the loans they make on their books -- rather than selling them to investors. Janet Babin explains.
Posted In: Banks

Ireland bans bank bonuses

Dec 14, 2010
Ireland's Finance Minister has banned Allied Irish Bank from giving its employees $53 million in staff bonuses. Stephen Beard explains.
Posted In: Banks

European banks expect more regulations on banker bonuses

Dec 10, 2010
A European bank regulator expected to outline a crackdown on all 27 EU countries, including Britain. Stephen Beard has more.
Posted In: Banks

Bailout saved banks, but could allow others to take risks

Dec 2, 2010
The Federal Reserve released a load of documents that revealed the names and numbers involved in the emergency bailout. Janet Babin reports on what all these new details mean.
Posted In: Banks

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