SEC Charges Wells Fargo Banker, 9 Others With Insider TradingDecember 05, 2012U.S. securities regulators
charged a Wells Fargo investment banker and nine others
with fraud on Wednesday in connection with their alleged role in
an insider-trading ring that earned more than $11 million by
trading on tips about impending mergers.
U.S. Bank to Offer Mitek's Mobile Photo Bill PayDecember 05, 2012U.S. Bank announced today that it will begin offering Mitek's Mobile Photo Bill Pay solution that allows customers to pay bills by taking a photo with their mobile device early next year.
Citi to Cut 11,000 EmployeesDecember 05, 2012The layoffs are part of a company-wide restructuring plan; technology and operations units will be affected.
French Banks Eye U.S. Expansion After Year of CutsDecember 05, 2012France's top banks are taking
advantage of calmer markets to return to expanding in the United
States, a year after deep cuts to their investment banks saw
them lose ground to rivals in the world's biggest financial
market.
Adyen Issues EMV-Enabled Mobile Card ReaderDecember 04, 2012The payments company says this is the first mobile card reader that can process both Chip & PIN and mag stripe credit cards.
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
boldest reforms.
UBS Near $450 Million Settlement With U.S., U.K. Over LiborDecember 03, 2012Swiss bank UBS AG is
expected to pay more than $450 million to U.S. and British
authorities to settle claims some of its employees submitted
false Libor rates, the New York Times reported.
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
U.S. bank.
Guitar Center Accepts PayPal In-StoreNovember 19, 2012National musical instruments retailer Guitar Center is now offering PayPal mobile and card payments at the point-of-sale.
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
about it.
