Customer-centricity in a multi-channel environment and using data and analytics to know your customer better were among the major topics discussed during the first day of Bank Systems & Technology's seventh annual Executive Summit.
Britain'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'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
Banks and brokers are suspected of colluding to rig benchmark interest rates, the EU's antitrust chief said on Monday, detailing an ongoing investigation into suspected wrongdoing in the financial sector.
German Finance Minister Wolfgang
Schaeuble said on Friday that Spain did not need a sovereign
bailout on top of the package already agreed for its banks
because it was on the right path to regain the confidence of
U.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.
, eBay, Facebook and other Internet
companies have formed a lobbying group called The Internet
Association to tackle regulatory and political issues in
Washington, D.C., and it is due to kick off on Wednesday.
Concerns 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.
Fannie Mae agreed to pay Bank
of America Corp about 20 percent more than it was
contractually obligated to last year in order to transfer the
servicing of troubled loans to another firm, a report by a
Banks will get some relief
from a new rule forcing them to hold cash buffers, although
global regulators were unable to agree this week how that might
be achieved, two people familiar with the talks said on Friday,
Major banks are weighing
whether to wade into the California carbon market, which experts
believe could grow into a $40 billion a year market by 2020, but
one that is also loaded with risk and uncertainty.
Britain's top banks have tens of
billions of euros in exposure to the risk of countries leaving
the euro or the currency union breaking up entirely, despite
intense pressure from the UK financial regulator to tackle the
The federal judge overseeing a major
lawsuit over smartphone technology between Oracle Corp
and Google Inc has quietly ended his examination of
those companies' relationships with paid bloggers and other
By Alexei Oreskovic and Poornima Gupta, Reuters | August 30, 2012
Google Inc Chief Executive Larry Page and Apple CEO Tim Cook have been conducting behind-the-scenes talks about a range of intellectual property matters, including the mobile patent disputes between the companies, people familiar with the matter said.
Britain's Barclays has picked softly spoken retail boss Antony Jenkins as its new chief executive to fill the shoes left by Bob Diamond, the colourful American investment banker who resigned after a rate-rigging scandal.