financial institutions

The Latest Credit Card Trap: No Limits, Just 'Access'

Digg - Business & Finance  Mon, 12/05/2011 - 22:48

Now that consumer protection laws have pushed back against some of the methods banks devised to make excessive profits at your expense, the financial institutions are trying new techniques.

Here's one that at first glance seems like a benefit: Taking away your credit limit.


 

S&P downgrades ratings on world's major banks

MSNBC.com: Business  Wed, 11/30/2011 - 06:24

Standard & Poor's Ratings Services has lowered its credit ratings for many of the world's largest financial institutions, including the biggest banks in the U.S.


 

Is the Fed killing the economy?

Digg - Business & Finance  Mon, 10/24/2011 - 09:27

LONDON, United Kingdom — Accusing major financial institutions of malign plots to undermine currencies and topple governments — that used to be the preserve of conspiracy nuts obsessed with satanic cults or reptilian overlords.


 

Will NFC make the mobile wallet work?

Topix - Business News  Thu, 10/06/2011 - 18:04

Mobile money: Will paying for a taxi in New York with a swipe of your mobile phone become second nature - or will the dangers outweigh the benefits?

For some financial institutions and telecoms companies, the highly-anticipated launch had failed to bring the announcement they'd been hoping for - that the new phone would have NFC technology ...

(more)


 

Banks Are Refusing To Deal With Legal Medical Marijuana Dispensa...

Digg - Business & Finance  Tue, 09/20/2011 - 15:01

Even as protesters decrying how out of touch bankers are with everyday Americans are occupying Wall Street, home of America's banking industry, many financial institutions in states where medical marijuana is legal are refusing to do business with cannabis dispensaries.


 

Europe Looks for Hope in Bank Test Results

NYT > Business  Thu, 07/14/2011 - 22:30

The European Union hopes that the results of an examination of its financial institutions, to be announced Friday, will quell fears about the banks’ ability to provide loans.


 

Merchants beat bankers in Senate debit card vote

Newsvine - business  Wed, 06/08/2011 - 12:59

Merchants triumphed over bankers in a battle for billions Wednesday as the Senate voted to let the Federal Reserve curb the fees that stores pay financial institutions when a customer swipes a debit card.

It was murkier, however, whether the nation's consumers were winners or losers.


 

Senate showdown over limiting debit card fees

Newsvine - business  Wed, 06/08/2011 - 01:02

Consumers are caught in the middle of a fight between financial institutions and merchants as the Senate approaches a showdown vote over whether to block the Federal Reserve from capping fees that stores pay banks every time a shopper swipes a debit card.


 

In Financial Crisis, a Dearth of Prosecutions Raises Alarms

NYT > Business  Thu, 04/14/2011 - 00:41

Several years after the financial crisis, no senior executives of major financial institutions have been charged, and a collective government effort has not emerged.


 

Mortgage lenders settle but still face probe

MSNBC.com: Business  Wed, 04/13/2011 - 15:25

A settlement between federal regulators and 14 of the nation's biggest financial institutions does not mean the end of a wide-ranging probe into shoddy lending practices and wrongful foreclosures.