BofA CEO: Fed Wants Bank to Show Consistent EarningsDecember 18, 2012Bank of America Corp
needs to show the U.S. Federal Reserve it can produce
consistent earnings as part of the annual process to gain
permission to return more capital to shareholders, CEO Brian
Moynihan said in an interview.
Europe to Miss Basel III Deadline After EU Talks PostponedDecember 18, 2012Europe will definitely fail to
meet the globally-agreed January deadline for the implementation
of tougher capital requirements for banks after European Union
talks to agree the rules were postponed on Tuesday.
U.S. Agency Sues JPMorgan Over Mortgage SecuritiesDecember 17, 2012The U.S. credit union regulator sued
JPMorgan Securities and Bear Stearns & Co on Monday over $3.6
billion in mortgage securities the bank allegedly sold to credit
unions that collapsed because of losses from the securities.
Internet Regulation Seen at National Level as Treaty Talks FailDecember 16, 2012The world's major Internet companies,
backed by U.S. policymakers, got much of what they wanted last week when many
nations refused to sign a global telecommunications treaty that opponents feared
could lead to greater government control over online conten
Mobile RDC for Commercial Clients On the HorizonDecember 14, 2012While some banks are still catching up to offer mobile remote deposit capture for retail customers, some banks are already looking to offer it to commercial clients in early 2013.
PayPal Launches Prepaid CardsDecember 14, 2012PayPal released its first prepaid card yesterday, allowing users to easily load cash into their PayPal account as funds that can be used for online purchases.
Barclays Loses Three Top Technology Bankers: SourcesDecember 13, 2012Barclays Plc has lost
three of its top technology investment bankers in New York this
week to a rival, according to people familiar with the matter.
Dwolla Offers Payments Via TwitterDecember 13, 2012The payments company is now allowing users to send payments via Twitter by including the recipients handle, the dollar amount and Dwolla's hashtag.
Bank of America and the "Point-of-Sale Revolution"December 13, 2012With the release of Mobile Pay on Demand last month Bank of America is wading into the point-of-sale battle - a battle it believes it can win against the likes of Square and PayPal.
U.S. Economy Could Be 'Booming' With Fiscal Cliff Deal, Says JPMorgan's DimonDecember 12, 2012The United States could have a "booming
economy" in a couple of months if lawmakers in Washington
reached an agreement to deal with the looming spending cuts and
tax increases known as the fiscal cliff, JPMorgan Chase & Co
CEO Jamie Dimon said.
Barclays Names New Compliance ChiefDecember 12, 2012Barclays has appointed
Hector Sants, former boss of British regulator the Financial
Services Authority, to oversee its compliance and relationship
with governments and regulators as it looks to repair its
battered reputation.
Monitise Adds Mint to Its Mobile Money Platform for BanksDecember 11, 2012A new deal with Intuit Financial Services means that Monitise will offer banks the chance to incorporate Mint, a popular personal financial management service, into mobile banking apps.
JP Morgan No. 1 in U.S. Customer Survey, Rivals Fall BackDecember 11, 2012JPMorgan Chase & Co jumped to
first in a U.S. customer satisfaction survey, as its three
biggest rivals, including perennial leader Wells Fargo & Co
, posted a decline in their scores.
HSBC to Pay Record $1.9 Billion Fine in Money Laundering CaseDecember 11, 2012HSBC has agreed to pay a record $1.92
billion fine to settle a multi-year probe by U.S. prosecutors,
who accused Europe's biggest bank of failing to enforce rules
designed to prevent the laundering of criminal cash.
