Bank News
Toward 2012, stock investors may aim to smaller banks
Year of 2011 is coming to an end with a little disappoitment to most of stock investors as they saw that banks weren’t where the money was in this past year. The KBW Bank Index, which includes 24 Estados Unidos. firms, … Magbasa nang higit pa
Banks write off £100,000 after irresponsible lending claims – Hulyo 2010
The 50-year-old warehouseman has a poor understanding of financial matters and had no hope of ever repaying the loans, according to his older brother, Colin Griffiths. Following Colin’s intervention, all five lenders have now decided to write off the loans. … Magbasa nang higit pa
PPI and investment claims dominate FSCS workload
The Financial Services Compensation Scheme (FSCS) paid out £204 million to over 21,000 claimants during 2009/10, with over two-thirds of the payments made for Payment Protection Insurance (PPI) and investment claims. PPI claims increased significantly during the year, to exceed … Magbasa nang higit pa
Credit card fees transfer wealth to rich, study finds
Credit card fees and rewards programs exacerbate income inequality by acting as a transfer of wealth from poor to rich, according to a Federal Reserve Bank of Boston study released Monday. The researchers argue that reducing card rewards and merchant … Magbasa nang higit pa
NAB, BNY Mellon consider expanded partnership consider expanded partnership
National Australia Bank Asset Servicing is in discussions regarding a deeper relationship with BNY Mellon Asset Servicing. The parties will explore specific elements of an expanded partnership over the coming months, but NAB says the deeper partnership could take the … Magbasa nang higit pa
Goldman Sachs (NYSE: GS) Made Bad Call on Volatility, Earnings Suffer
Goldman Sachs Group Inc. (NYSE: GS) lost money during the second quarter by betting that volatility would drop during the second quarter as equity price swings moved to a 12 month high. “Primarily in response to our client needs, our … Magbasa nang higit pa
