Tag:
banks
Latest Headlines
Latest Headlines
Delays at all levels in mortgage settlements
The big picture on the sorry state of restitution for aggrieved mortgage holders is that banks have paid less than half the $5.7 billion in cash owed to troubled homeowners under nearly 30 settlements brokered by the government since 2008, according to a Washington Post analysis.
Mid-East bank is world's strongest
If you were asked to name the world's strongest bank, you wouldn't likely pick a U.S. bank right now. Nor would you pick a European bank. You might pick one of the Canadian banks or Asian banks, which continue to appear quite strong.
Krawcheck speaks on bank industry ROE
Sallie Krawcheck, who has plenty of experience in the banking industry, has hit the nail on the head with her recent comments on what ails America's largest banks.
Banks fight back against mandatory auditor rotation
Mandatory auditor rotation really heated up as an issue last year, as the Public Company Accounting Oversight Board put the issue squarely on the auditing reform table. Over on FierceComplianceIT , I've noted that the response so far has been decidedly negative, and the drumbeat for this sort of reform has quieted down considerably. But the issue is alive and well for banks and their audit firms.
JPMorgan's results beat earnings estimates, but revenues dip
JPMorgan beat estimate for the first quarter, but it hardly dazzled the market.
Banks need to rethink their AML programs
Under the Bank Secrecy Act, financial institutions are required to implement AML compliance programs. Broker dealers must also heed the anti-money laundering rules in FINRA Rule 3310, which sets forth standards for such programs and requires written compliance policies that must be approved by senior management.
Bove expects record earnings
Richard Bove expects record earnings from banks when they report for the first quarter. In fact, he thinks it will go down as one of the best quarters in the history of American banking. He's...
Big banks still in job-cutting mode
By this point in the banking industry business cycle, one might have thought that banks would have their expenses in control and would be in prime position to lift their top lines. But that's not happening. The reality is that most of the top banks remain revenue-challenged, with little hope for a turnaround soon.
CFPB settles with private mortgage insurers
In another example of regulatory muscle flexing, the Consumer Financial Protection Bureau (CFPB) has charged four private mortgage insurers with paying kickbacks to mortgage companies in exchange for business.
Bank of America summons top managers to hike revenue
The top banks have done yeoman's work in putting the financial crisis in their rear view mirrors.
