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Account drains at Chase Bank may not be “Anonymous”

Tue, 19/03/2013 - 13:51 by Minnie Mahendru

Customers who have money stacked away at the Chase Bank went through a nightmarish experience on Monday night. They must have been stunned when they were greeted by $0 in their accounts.

Electronic transactions’ impact on branch banking

Mon, 21/01/2013 - 15:27 by Shipra

We are advancing ahead to replace the financially trained bankers with automated machines and chest of drawers with super computers and servers. There is a drastic change in the interface between bank and customer after advent of modern machines & growing demand of E-commerce.

ING intentionally deleted the money transactions of Cuba , Iran and other countries.

Wed, 13/06/2012 - 12:58 by TUHIN SARKAR

ING or “Internationale Nederlanden Groep”, in English as known International Netherlands Group intentionally deleted information about thousands of transactions that would have linked the money to sanctioned parties in Cuba, Iran, and other countries.

Dutch bank 'International Netherlands Group' or we know popularly as ING BANK , a global financial i

Bank of America customers might be able to escape debit card fee

Sat, 29/10/2011 - 15:12 by Anter Prakash Singh

Buffeted by public outrage, Bank of America Corp. (NYSE: BAC) is reported to be considering ways to allow customers to escape its proposed $5 monthly fee for debit card usage.

Like Banking Online? Get Smarter First

Mon, 30/05/2011 - 10:02 by Steve Anderson

A resourceful hacker can knock into your account, impersonate you, and draw money or pay from your account. Experts say, more often than not, the users themselves are responsible for online banking mishaps. The prime reason is that people often let their guard down when they are online. And that leads to more chances of personal and company’s financial information being exposed.

Mortgage servicers reach compromise decree on foreclosure fiasco

Thu, 14/04/2011 - 15:25 by Anter Prakash Singh

The officials from the Department of Housing and Urban Development, Justice Department and 10 state attorneys general met with representatives of 14 largest mortgagers of the U.S. and reached a settlement to compensate house owners who incurred losses due to faulty foreclosures.

Is Your Bank Spying on You?

Thu, 10/02/2011 - 16:45 by Gunjan Mehra

While technological advancement has made spending easy, it has also added certain risks. In an environment of fraud and distrust, the new age banks are but forced to track every financial move you make.

7 Things Your Bank Won't Tell You

Sun, 30/05/2010 - 18:10 by Raghav Markanda

Banks are the backbone of finance in the nation. They are the primary institutions you trust to keep your money safe.

HSBC Q3 earnings “significantly” higher

Tue, 10/11/2009 - 17:24 by Ishita Sood

London, November 10 -- HSBC Holdings, Europe’s biggest bank, said in a statement Tuesday that its underlying third quarter pretax profit was “significantly” higher than the year-earlier period.

9 U.S. banks seized by regulators

Sat, 31/10/2009 - 13:53 by Ishita Sood

Los Angeles, October 31 -- U.S. Bancorp has acquired nine banks held by the FBOP Corp., seizing $18.4 billion assets in a move to pull the banks through the ongoing financial crisis.

IRS extends amnesty program deadline

Mon, 21/09/2009 - 13:04 by Jaspreet Virk

New York, September 21 -- In a move to give more time to Americans to disclose their hidden assets in Switzerland and elsewhere, the Internal Revenue Service (IRS) is extending its amnesty program until Oct. 15.

Bank of America vs. Taxpayers

Wed, 15/07/2009 - 23:26 by Morgan Housel

Earlier this year, Bank of America (NYSE: BAC) received an additional slug of capital from taxpayers to digest its Merrill Lynch acquisition. In addition to $20 billion of TARP funds, the bank received what's called a ring-fenced asset guarantee on 90% of a $118 billion pool of assets.