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Some small banks fear expiration of FDIC loan guarantees will cost them deposits. Others say the Transaction Account Guarantee program has served its purpose and should go away.
February 21
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David Nelms, The chief executive of Discover Financial Services, is facing new regulatory challenges and has struggled to grow the network business. But his efforts to be 'almost as good as MasterCard and Visa' seem to be working.
February 21 -
In a recent BankThink post challenging the rationale behind the Volcker rule, Richard E. Farley suggests that not a single bank collapsed because of proprietary trading in the last crisis.
February 20
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Is the right way to hold banks accountable for servicing errors to require them to disgorge funds to borrowers who themselves may have been equally complicit in the process of helping to create mortgage fraud?
February 20 -
Although the Federal Reserve Board ultimately signed off on Capital One Financial Corp.'s deal to buy ING Direct USA, the grueling 9-month long process to get there is a warning to other large would-be acquirers.
February 17 -
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February 17 -
Merchant litigation over credit card interchange seems increasingly likely to end in a settlement, leaving observers at a payments conference this week to speculate about its final impact.
February 17 -
The shutdown of BitCoin's TradeHill, which exchanged digital currency for dollars and euros, underscores the regulatory and legal obstacles facing would-be disruptors in the payments business. Facebook is proceeding cautiously.
February 17 -
The Office of the Comptroller of the Currency has entered into an agreement with American National Bank in Oakland Park, Fla., after finding "unsafe or unsound banking practices relating to credit risk."
February 17 -
Six of the 10 House Ethics Committee members have recused themselves from a probe into whether Rep. Maxine Waters helped secure government assistance for a bank in which her husband owned shares.
February 17
