After PayPal launched a program last week offering free transaction processing for merchants who switch to its point of sale card reader, Square hit back yesterday by announcing it will be offering a P2P payments service via email.
Big Banks Should be Smaller, Says Fed's BullardOctober 11, 2012Big U.S. banks should become
smaller to make any failure more manageable, a senior Federal
Reserve official said on Thursday, supporting a suggestion that
the size of banks be limited to a specific percentage of U.S.
gross domestic product.
Japan's Softbank in Talks for $12.8 Billion Sprint StakeOctober 11, 2012Softbank Corp, Japan's
third-largest mobile carrier, is in talks to buy a majority
stake in U.S. operator Sprint Nextel Corp for more than 1
trillion yen ($12.8 billion), said a source with direct
knowledge of the matter, as it seeks to expand overseas.
Anatomy Of A Brokerage IT MeltdownOctober 08, 2012Regulators last year issued the SEC's first-ever privacy fine against broker-dealer GunnAllen for failing to protect customer data. But former IT staffers say regulators didn’t seem to know half of this cautionary tale of outsourcing and oversight go
Intel's McAfee Security Plans LayoffsOctober 08, 2012Intel Corp's McAfee
security division is planning to lay off a "small percentage" of
its workforce of about 7,100 employees, a company spokesman said
Walmart Takes on BanksOctober 08, 2012The retailing giant and American Express have teamed up to offer an alternative to traditional checking and debit accounts.
Basel III Rules Set for Patchy Global StartOctober 08, 2012Many countries will not be ready
by January to enforce new banking rules that form the world's
regulatory response to the financial crisis, a global
supervisory body said on Monday.
Banks in Danger From Dissatisfied CustomersOctober 05, 2012A study from research company GfK found that while a few banks have won over their customers with excellent service and benefits, others are in imminent danger of losing up to a third of their consumer clients.
Barclays to Restructure Investment Bank ArmOctober 04, 2012Barclays announced a
shake up at its investment banking business on Thursday aimed at
streamlining the business in the face of a more challenging
outlook for the industry.
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