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.
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.