U.S. Power Market Regulator Threatens to Suspend JPMorganSeptember 20, 2012U.S. federal energy regulators
threatened on Thursday to suspend JPMorgan Chase & Co's
right to sell electricity at market rates after accusing the
bank of misleading authorities -- a measure that would
effectively banish it from the power market.
Bank Group Warns of Heightened Risk of Cyber AttacksSeptember 19, 2012A financial services industry group
warned U.S. banks, brokerages and insurers on Wednesday to be on
heightened alert for cyber attacks after Bank of America and
JPMorgan Chase experienced unexplained outages on their public
websites.
MasterCard Releases PayPass Developer KitSeptember 18, 2012The interface is available to financial institutions, merchants and third party developers to build new mobile applications that can integrate PayPass' contactless payments capability in a smartphone.
Doubts Plague Europe's Pledge For Banking UnionSeptember 18, 2012Concerns are growing among
European investors and lawmakers that plans for a eurozone
banking union will end up half-baked, with the financial
backstops required to underpin the ambitious scheme unlikely to
be in place for years.
Fannie Mae Paid BofA Premium to Transfer Soured Loans, Says RegulatorSeptember 17, 2012Fannie Mae agreed to pay Bank
of America Corp about 20 percent more than it was
contractually obligated to last year in order to transfer the
servicing of troubled loans to another firm, a report by a
watchdog found.
U.S. Banks in Talks to Link Digital Payment systemsSeptember 11, 2012The four biggest U.S. banks are in talks to link their digital payment systems to allow more consumers to easily transfer money with mobile phone messages and emails instead of cash and checks.
Visa, PayPal Top Mobile Wallet ReportSeptember 10, 2012A Javelin Strategy & Research survey found consumers value trust, innovation and privacy most of all when considering a digital wallet product.
