The world's top 29 banks may need a total $556 billion to meet tougher new capital rules, cutting returns by a fifth and forcing them to curb investor payouts and raise customer charges, Fitch Ratings said on Thursday.
By Keir Breitenfeld, Experian Decision Analytics | May 08, 2012
Speed is key to beating new account fraud; banks and other lenders need more advanced tools to help them detect and catch fraud perpetrators, as well as find new ways to improve profit margins on their credit holdings.
Greek banks will post big
losses for 2011 on Friday, as they will include the writedown on
government bonds suffered during last month's bailout deal for
the country as well as provisions for higher bad loans due to a
MasterCard Inc and Visa Inc have notified U.S. banks of a potential security breach, the latest in a string of incidents that have put the personal information of millions of credit card holders at risk.
By Angela K. Hipsher and Craig D. Sullivan, Crowe Horwath | March 11, 2012
Banks that outsource merchant services typically have given little thought to PCI compliance -- but times are changing, and all banks need to start taking action now to manage their risks related to payment cards.