With statutes of limitations about to run out on much of the pre-crisis conduct, Holder and the DoJ, as well as the regulatory agencies, will have to scramble to bring civil and criminal cases in…
The outgoing Bank of England governor warns a government plan to boost the housing market with part-mortgage guarantees has no long-term place.
The Bank has upgraded its economic growth forecasts but new figures show unemployment has gone up for the third month in a row.
NEW YORK/BOSTON (Reuters) – In one of the biggest ever bank heists, a global cyber crime ring stole $ 45 million from two Middle Eastern banks by hacking into credit card processing firms and withdrawing money from ATMs in 27 … Continue reading
New York Attorney General Eric Schneiderman on Monday threatened to sue Bank of America and Wells Fargo for allegedly failing to help struggling homeowners under the $ 25 billion national mortgage settlement. Read full article >>
Fewer accounts lead to better household budgeting, study finds.
FRANKFURT (Reuters) – Deutsche Bank has “zero tolerance” for customers seeking to evade taxes by holding assets in foreign accounts managed by the lender, Co-Chief Executive Juergen Fitschen told German radio broadcaster Deutschlandfunk.
Banking regulators are set to hand down tough new rules to govern short-term, high-interest loans that have been blamed for trapping some Americans in a cycle of debt, according to people familiar with the matter. Read full article >>
* BoC watching for 2 pct growth, cooling debt, inflation pickup