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American card processor has a deal for its British counterpart; after passing Fed tests, banks still stressed by weak lending, low interest rates.
By George YacikJuly 5 -
Investors drive up bank stocks on the promise of fatter dividends; Capital One bucks the trend on concerns over credit cards and auto loans.
By George YacikJune 30 -
Six biggest banks set to return nearly $100 billion to shareholders; Capital One’s plan approved by Federal Reserve, but with conditions.
By George YacikJune 29 -
Fed chair says post-crisis rules have made financial system safer and shouldn’t be rolled back; Atlanta bank rolls out internal program to other corporations.
By George YacikJune 28 -
Cash machine makers are working to make them work with, not against, smartphones; prices of digital currencies crashed on Monday, possibly sparked by a hoax that an Ethereum co-founder had died.
By George YacikJune 27 -
The financial press opines on the Federal Reserve’s bank stress tests; the FT argues the Financial Choice Act is a “blatant attack” on shareholder rights and reduces bank corporate governance.
By George YacikJune 26 -
All 34 big banks demonstrate they could survive a severe recession; credit cards emerge as the biggest vulnerability, with a projected $100 billion in losses.
By George YacikJune 23 -
Regional banks with big commercial property portfolios may have a tough time passing stress tests; Fed governor, comptroller of the currency discuss easing bank regulation.
By George YacikJune 22 -
The Wall Street Journal enumerates the reasons why President Trump needs to fire the CFPB director; the bitcoin market is sharply divided over whether it’s a currency or a store of value.
By George YacikJune 21 -
Bank, former executives said to have used Qatar money to avoid financial crisis bailout; Senator wants the Fed to use its power to oust board members over fake accounts scandal.
By George YacikJune 20