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Bankers appear set to get their long-awaited rate rise, but the top executives of the biggest banks still have lukewarm expectations for the coming year, according to forecasts laid out by the top brass from JPMorgan, Wells Fargo, PNC and others.
December 8 -
Target has agreed to pay $39 million to settle loss claims from a two-year-old data breach that were brought by MasterCard and a group of financial institutions, according to court documents filed Wednesday.
December 2 -
Target has agreed to pay $39 million to settle loss claims from a two-year-old data breach that were brought by a group of financial institutions, according to court documents filed Wednesday.
December 2 -
Banks are losing auto finance market share to captive lenders and finance companies, according to a new report from the credit bureau Experian.
December 2 -
Add retail customers to the list of groups raising concerns about possible high-pressure product-sales tactics at Wells Fargo; many of them are considering jumping ship in response, according to a new survey of customer attitudes at big banks. However, Wells' rivals shouldn't celebrate they are at risk of losing customers, too, for a variety of reasons.
December 1 -
Brian Moynihan and Bill Demchak raised concerns Tuesday about the conduct of data aggregators, and particularly how well they protect customer data. The comments come amid reports that banks have been trying to strangle aggregators' access to their systems.
November 17 -
The forthcoming "overnight bank funding rate" should give banks and researchers a more accurate picture of funding costs, but it is not clear whether the rate is part of the Fed's effort to reform Libor.
November 12 -
The Financial Accounting Standards Board has postponed the release of a rule to overhaul how banks calculate loan losses.
November 12 -
Florida overturned a ban on credit card surcharges on the grounds that it violates merchants' free speech. Some lawyers doubt that this unusual strategy has legs, but it has worked in a surprising number of courts.
November 6 -
Florida overturned a ban on credit card surcharges on the grounds that it violates merchants' free speech. Some lawyers doubt that this unusual strategy has legs, but it has worked in a surprising number of courts.
November 6