Tag:
Us Bank
Latest Headlines
Latest Headlines
Bank of America not alone in facing putback claims
All banks have been tarred with charges that they violated state and federal laws with their mortgage-backed securities offerings. Bank of America, however, has stood alone in that it was also the target of various putback claims--that is, suits that argue that the bank violated lenders representa
Super-regionals to rise as big banks stumble
As Bank of America and other large consumer banks grapple with a surge in litigation, settlement woes, declining rates and regulatory changes, super-regional banks may be poised to make great gains.
Already we're seeing the rise of new challengers with enough heft to be considered a near-Big F
Big banks embrace more direct deposit loans
Banks face a cringing need to find ways to offset Durbin Amendment revenue losses, which markedly slashed interchange fees. Many have responded with discontinued free checking and rewards programs. There are a host of revenue enhancing initiatives also in the works.
One of the more interesting
Union Bank: Debit transactions case wins class action status
Recall that one of the big issues in the debate running up to the passage of landmark credit card reform legislation last year was the order in which banks processed debit card transactions.
Most banks processed these transactions from the largest amount to the smallest, rather than chronologi
MUFG aims for long-term relationship with Morgan Stanley
Recall that Mitsubishi UFJ (MUFG) threw Morgan Stanley ( NYSE:MS ) a lifeline back in financial crisis when serious doubts were raised about the U.S. bank's future.
It took a sizable stake in preferred shares--which carried a hefty dividend of 10 percent. That proved to be rather expensive o
SEC to monitor WikiLeaks
When it comes to WikiLeaks, people tend to have mixed feelings. The people who most passionately oppose what it does tend to be aligned with entities that have seen their secret documents made public. Bank of America executives wouldl not be inclined to praise the website right now.
The stakes
Should Starbucks become a bank?
By one estimate, 17 percent of consumers either changed banks or opened an extra account at another bank in the last quarter of 2008. Does that spell opportunity for anyone? The Financial Times suggests Starbucks ought to start up a retail bank. It's not kidding (I don't think).
With 7,000
