BOSTON - (03/13/06) In tribute to Charlie, thefictitious subway rider who couldnt get off the trainbecause he didnt have the exit fare, the Massachusetts BayTransit Authority has introduced a new electronic fare system.Remember the hit refrain, hes the man who neverreturned? Now Charlie will be able to get off the train asits approaches his Boston home, as long as he has the properplastic card. Charlies legacy, the CharlieCard, will enableriders on one of Americas oldest public transportationsystem to pay their fares by using electronic smart or credit/debitcards. The MBTA, known as the T to Bostonians, isphasing out coins and tokens and installing smart card dispensersat all of its stations. T officials hope to be fully automated bythe end of 2007.
-
The top five banks and thrifts have combined total assets of nearly $13 trillion.
Just now -
After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
April 22 -
The Federal Reserve's Office of the Inspector General says the Fed has yet to fulfill 65 recommendations, and also identified 18 outstanding issues at the Consumer Financial Protection Bureau.
April 22 -
The bank will use biometric authentication to streamline checkout in stores starting in 2025. It has already completed internal and external pilots of the technology.
April 22 -
Banks reported nearly $27 billion had been tied up in scams or theft against elderly people in a recent 12-month period, according to a report from the U.S. Treasury.
April 22 -
The Federal Deposit Insurance Corp. says it's ready to wind down the global systemically important banks. But until that happens, many in the banking industry are skeptical that regulators have actually developed a workable strategy to end "too big to fail."
April 22