Franco-German Rift Threatens Plan for Banking UnionDecember 04, 2012Germany and France clashed
publicly on Tuesday over plans to put the European Central Bank
in charge of supervising banks, deepening a dispute over the
scope of ECB powers that threatens to derail one of Europe's
Wells Fargo Launches Mobile RDC NationwideNovember 28, 2012After a soft launch in select states over the summer, Wells Fargo announced today that it is launching its Wells Fargo Mobile Deposit service nationwide.
France's Rating Downgrade a Warning for BanksNovember 20, 2012French banks were reminded of
risks to their own growth and credit ratings when Moody's
stripped France of its triple-A badge because of an uncertain
fiscal and economic outlook.
JPMorgan Names Retail Finance Executive Lake as New CFONovember 19, 2012JPMorgan Chase & Co named
little-known executive Marianne Lake as its chief financial
officer on Monday, making her one of the most powerful women on
Wall Street and the top ambassador to investors for the largest
Obama Presses Case on 'Fiscal Cliff' With Dimon, BuffettNovember 18, 2012President Barack Obama's
intensive lobbying to avert big year-end tax hikes and spending
cuts resumed over the weekend as he spoke with senior corporate
chieftains, including JPMorgan Chase's Jamie Dimon and legendary
investor Warren Buffett.
Unresolved Issues Swirl Around Securing Mobile PaymentsNovember 16, 2012While many mobile payments startups are using both traditional and nontraditional authentication methods, regulatory uncertainty still exists around liability for fraud attacks on customers using mobile payments.
Breaking Up Big Banks Still Not the Answer, Says FedNovember 15, 2012There remains much work to fix
the "too big to fail" bank problem, but breaking up big
financial institutions is still not the answer, an influential
U.S. Federal Reserve official said on Thursday.
Canada Libor Investigators Escalate Dispute with RBSNovember 14, 2012The Canadian agency investigating
whether banks manipulated a key global interest rates accused
Royal Bank of Scotland Group on Wednesday of failing to
cooperate with its probe and of making misleading statements