BEDMINSTER, N.J. - (12/12/05) -- Subscribers to Verizon Wireless willbe able to locate their credit union or an ATM or shared branchnear them using their phone starting this week. The wirelesscarrier plans to launch its location-based services market thisweek with a GPS-based subscription offering called VZ Navigator.Verizon's new service, VZ Navigator, which will be available as a$10-a-month or $3-a-day location-based service and will allow usersto locate addresses, landmarks and financial services. Similarlocator services are already available on a smaller basis on theNextel and Sprint networks, and on Blackberrys.
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The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
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A panel at CBA Live explored the contract provisions banks need to consider before embarking on new banking-as-a-service relationships and what catches their eyes in consent orders from banking regulators.
March 27