U.K.'s Labour Vows to Break Up Banks if ElectedSeptember 30, 2012Britain's Labour opposition leader launched an offensive against banks on Sunday ahead of his party's annual conference, promising a "real separation" of retail and investment banking and to raise the top rate of personal income tax.
Spain Debt Rises on Aid to BanksSeptember 30, 2012Spain's debt levels are set to
rise next year, piling pressure on the government to apply for
aid as it pours funds in to cash-strapped regions, an ailing
banking system and rising refinancing costs, its budget showed
Regions Bank Expands Mobile OfferingsSeptember 24, 2012Regions Bank rolled out a series of new mobile apps, and introduced a new cashback rewards program for account holders that they can access from their mobile device.
Bank Branches Being Phased Out: ReportSeptember 21, 2012According to a new report from ratings agency Fitch, both fewer numbers of branches and different types of branches will inhabit the banking landscape going forward.
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
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.