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US News & Information
News and Information
September 16, 2015 More bloodletting to come for European bankers
The Irish Times - The diverging fortunes of European and US banks is reflected in their share performance. The STOXX 600 Banks Index declined 1.5 per cent since the end of 2010, compared with a 39 per cent gain in the KBW Bank...
September 9, 2015 Interest rate rise: Redemption at last for banks?Source: ft.com
Whisper it quietly (especially if you are in the company of politicians or regulators) but banks are finally starting to find life a little easier. The pace of regulatory change is easing, the worst of the misconduct fines seem...
September 3, 2015 Banks should not be able to game accounting rulesSource: ft.com
When it comes to banks, bad accounting practices can contribute to financial instability. Booms flatter their measured profitability, which encourages them to take more assets on to their balance sheets. Thus leverage begets more...
September 3, 2015 US Bank Earnings Jumped in 7.3 Percent during Second Quarter: FDIC SaysSource: American Trade Journal
US banks’ earnings jumped by 7.3 percent in the April-June quarter as compared to the same period last year as revenues increased and the volume of secured loans that banks had to write off fell to the lowest level since before...
August 4, 2015 NY regulator faults consultant's bank oversightSource: Miami Herald
ALBANY, N.Y. — New York's financial regulator says it will deny future Promontory Financial Group requests for confidential supervisory information following an investigation into the bank consultant's reports four years...
August 3, 2015 Pot Credit Union in CO sues Federal Reserve and NCUASource: National Monitor
The Fourth Corner Credit Union, a financial house created for the pot industry, has filed two lawsuits this week challenging their denied applications by the National Credit Union Administration and the U.S. Federal Reserve
July 21, 2015 Big Banks’ Stress Level Is RisingSource: Wall Street Journal
Big banks scored a minor regulatory victory Monday. But this may be overshadowed by comments from Federal Reserve officials indicating that annual stress tests could become even more stringent.
Source: International Business Times
A dozen of the largest Wall Street banks on Monday published detailed plans to show how they would shut down their business during a crisis without the help of taxpayer money, a crucial step to prevent being broken up by...
Germany's largest lender Deutsche Bank purged its leadership on Sunday, appointing Briton John Cryan as chief executive to replace Anshu Jain just two weeks after Jain was given more power to reorganize the bank.
Source: SF Gate
LOS ANGELES — Wells Fargo Bank employees driven by strict sales pressure issued unwanted credit cards and opened unauthorized accounts that charged customers fees and damaged their credit, according to a lawsuit filed by the city...
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