Patient Cypriots Wait as Banks Reopen
Cypriots queued at banks as
they reopened on Thursday under tight controls imposed on
transactions, but there was no sign of a run on deposits that
had been feared after the government was forced to accept a
stringent EU rescue package.
CFPB Makes Complaint Data Public
The database contains some 90,000 searchable complaints on mortgages, student loans, bank accounts and services, other consumer loans, and credit cards.
Canada's Top Six Banks to Get Capital Surcharge as of 2016
Canada's banking watchdog said
on Tuesday it sees the country's six largest banks as being of
systemic importance to the domestic economy and that it will
make them keep 1 percent more capital on hand starting January
2016 to protect them from financial disruption.
Cyprus Tries to Rework Divisive Bank Tax
Cypriot ministers rushed on
Monday to revise a plan to seize money from bank deposits as
part of an EU bailout, in an effort to ensure lawmakers
supported it in a vote later in the day.
JPMorgan Ignored Risks, Fought Regulators: Senate Report
JPMorgan Chase & Co
ignored risks, misled investors, fought with regulators and
tried to work around rules as it dealt with mushrooming losses
in a derivatives portfolio, a Senate report alleged in a damning
review of the largest U.S. bank's management.
Fed tells JPMorgan, Goldman to Improve Capital Plans
In a blow to two major Wall Street
banks, the Federal Reserve told Goldman Sachs and
JPMorgan Chase that they must fix flaws in how they
determine capital payouts to shareholders, but still approved
their plans for share buybacks and dividends.
The Fed said JPMorgan and Goldman would have to submit new
plans by the end of the third quarter. A senior central bank
official declined to identify specific problems.
In the second phase of the Fed's annual stress tests of the
18 largest U.S.
UBS Chief Executive Paid $9 Million After Revamp
UBS drew fire
on Thursday as it announced it paid CEO Sergio Ermotti almost $9
million in 2012 and welcomed a new investment bank chief with a
$26 million package, just as the Swiss bank is in the process of
firing 10,000 staff.
Britain Urged to Split Banks if New Rules Fail
Britain should adopt
legislation that could force all banks to split routine retail
operations from riskier investment activities if new rules
designed to protect taxpayers fail, an influential panel of
Banks Urge U.S. Judge to Throw Out Libor Lawsuits
Banks facing a barrage of
lawsuits from customers accusing them of interest-rate rigging
argued on Tuesday that the cases should be dismissed, saying
there is no evidence of antitrust or other violations.