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US News & Information
News and Information
Source: Orlando Business Journal
The Consumer Financial Protection Bureau has ordered Charlotte, N.C.-based Bank of America (NYSE: BAC) to pay $727 million in relief to consumers for misleading them in the sale of credit-card add-on products. The CFPB says 1.4...
April 9, 2014 US Banks Must Boost Capital Levels By $68B And Change Their Leverage Ratio Under New RulesSource: International Business Times
Eight large U.S.banks must boost capital levels by a total of $68 billion by 2018 under new federal norms, U.S. regulators said Tuesday, as they work toward putting checks and balances in place to reduce the risk of a repeat of...
April 8, 2014 Few European ATMs upgraded to Windows 7Source: ZDNET
A research report from RBR in London shows that 89 percent of European ATMs are still running Windows XP. This is a larger proportion than in the United States, but what is perhaps even more shocking is that eight percent of ATMs...
April 7, 2014 New federal rule requires banks to fight DDoS attacks
MIS Asia - The FFIEC statement points to a number of references, such as the "DDoS Quick Guide" from the Department of Homeland Security and publications from the îNational Institute of Standards and Technologyî > 1862
Credit Suisse Group (CSGN) AG, Switzerland’s second-biggest bank, said losses in the fourth quarter were larger than previously reported after it booked more charges for a probe into tax evasion by U.S. clients.
April 1, 2014 NY Federal Atty Rejects Corporate Doomsday CriesSource: ABC News
Manhattan's top federal prosecutor says corporate America — especially financial institutions — will do almost anything to avoid a tough enforcement action, but their doomsday claims are sounding more like a "Chicken Little"...
March 27, 2014 Taxes Won’t Kill Bitcoin, but Tax Reporting MightSource: NY Times
Bitcoin is a digital representation of value, not a real currency, according to the latest pronouncement from the Internal Revenue Service. The I.R.S. on Tuesday released guidance indicating that Bitcoins and other so-called...
All but one bank passed the Federal Reserve’s stress test today. The Fed said 29 of the 30 big banks that underwent the Dodd-Frank Act stress test would have enough capital on hand to endure a major economic downturn. Zions...
February 21, 2014 UPDATE 1-Deal with activists lets JPMorgan avoid battle over chairman
Reuters - Feb 20 (Reuters) - A deal with shareholder activists outlined by JPMorgan Chase & Co on Thursday will allow the bank ... Jamie Dimon holds both the chairman and CEO titles at the bank. But the dual roles had become...
February 19, 2014 Fed Toughens Rules for Large Foreign BanksSource: ABC NEWS
The Federal Reserve will require the largest foreign banks operating in the United States to hold higher levels of capital reserves to protect against potential loan losses. The stricter regulations the Fed adopted Tuesday are...
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