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The Federal Reserve Board has given the troubled Commonwealth Bankshares Inc. in Norfolk, Va., until the end of July to either raise fresh capital or find a buyer.
July 8 -
In a move that seems to parallel U.S. policies, a consortium of top French banks has agreed to cut debit card interchange rates inside the nation's borders by as much as 36% in response to a price-fixing investigation by a government agency.
July 8 -
What financially significant news was in the Fed's final Durbin regulations release on June 29? An objective measure is the impact of the release on stock prices.
July 7
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The Federal Reserve Board just gave the biggest banks in the United States a $4 billion annual present and flagrantly disregarded the law to do so.
July 7 -
In an eerie parallel with U.S. policies, a consortium of top French banks have agreed to cut debit card interchange rates inside the nation’s borders by as much as 36% in response to a price-fixing investigation by a government agency.
July 7 -
After months of fretting, ISOs, agents and processors are viewing the upcoming cap on debit card interchange fees as a golden opportunity to increase margins, boost revenue and gain market share.
July 7 -
In an effort to further cool down an overheating credit card market, South Korea’s financial regulator has announced new limits for card companies’ operations.
July 7 -
While the topic of a House hearing Thursday was supposed to be about mortgage servicing standards, the target was really the Consumer Financial Protection Bureau.
July 7 -
The Treasury Department released details Thursday about the first wave of capital released under the much-anticipated Small Business Lending Fund.
July 7 -
WASHINGTON — Nearly three years to the day of seizing IndyMac Bank, the Federal Deposit Insurance Corp. launched formal action against its former chief executive, saying he "negligently" allowed the thrift to keep making risky loans despite signs of market stress.
July 7
