financial institutions

Fed caps fee on debit card transaction Thu, 06/30/2011 - 13:08 by Anter Prakash Singh The Federal Reserve Board imposed a cap on the fee charged by banks from retailers when the customers use a debit card at their businesses. Comments Read more	Nasdaq network penetrated by hackers--report Sat, 02/05/2011 - 18:07 by Yasser Ali The NASDAQ network was penetrated by hackers many times in the past year, according to a Wall Street Journal report. Comments Read more	G20 agenda tweaked in S. Korea Fri, 10/22/2010 - 10:42 by Rakhi Gyeongju, South Korea -- The agenda for next month's Group of 20 summit in Seoul was being worked out Thursday by vice finance ministers and deputy central bank chiefs. The officials were expected to work to minimize differences between the G20 members on issues such as foreign exchange policies, the creation of financial safety nets and more regulatory oversight of financial institutions, South Korea's Yonhap news agency reported. The closed-door talks were being held in Gyeongju, about 230 miles south of Seoul. The G-20 summit will be Nov. 11-12 in Seoul. Copyright 2010 United Press International, Inc. (UPI). Comments
Bank of America to restart foreclosures Tue, 10/19/2010 - 13:39 by Anter Prakash Singh Bank of America has announced that it is going to resume foreclosure of more than 100,000 homes in 23 states. Comments Read more	Banning Short Selling Is an Act of Desperation Sat, 06/19/2010 - 11:07 by Ivan Martchev In late May, Germany banned naked short selling of eurozone government bonds and shares in 10 leading German financial institutions. It struck me as futile attempt to prevent the inevitable. Comments Read more	Reforms in credit ratings on the anvil Fri, 05/14/2010 - 16:19 by Jamie Anderson Financial institutions will no longer be able to choose the credit rating agency that would assess and rate their investment products. Comments Read more
Expect More of This in 2010 Sat, 12/12/2009 - 15:50 by Dan Caplinger Some of the biggest casualties during last year's bear market were dividend-paying stocks. After more than a year of seeing many companies slash dividend payments, it now appears that there's light at the end of the tunnel. Comments Read more	Consumer credit tumbles by a record amount in July Wed, 09/09/2009 - 16:24 by Jamie Anderson Washington, September 9 -- Indicating that a recovery from the unrelenting economic recession may still be a distant dream, Federal Reserve’s data revealed that consumers in the United States borrowed a record $21.6 billion less from financial institutions in the month of July. Comments Read more	Wall Street's Worst-Kept Secret Sat, 08/01/2009 - 00:36 by Paul Elliott Ignore what you've heard about the so-called death of buy-and-hold investing. It's nonsense. Until proven otherwise, U.S. investors who make the most money over the long term invest in common stocks. Comments Read more
As Loans Shrink, Which Banks Are Winning? Tue, 07/28/2009 - 22:08 by Alex Dumortier Last week, an audit by the TARP program's government watchdog suggested that a wide majority (83%) of banks that have received TARP investments had, in fact, put some of the funds to work by lending them out. That may well be true, but recently released second-quarter results show that the amount of total loans at the largest banks -- all TARP recipients -- fell during the period: Comments Read more	Why the Equity Naysayers Are Dead Wrong Tue, 07/28/2009 - 21:56 by Matt Koppenheffer Though some optimism has crept into the news lately, there are still plenty of people who seem to be declaring the death of stock investing, suggesting that returns from equities over the long term haven't lived up to the hype. But fear not, dear Fool -- rumors of the death of equities have been greatly exaggerated. Comments Read more	Obama releases proposal to regulate financial system Thu, 06/18/2009 - 12:40 by Jaspreet Virk New York, June 18: President Barack Obama has unveiled a proposal to revive the nation's battered financial system. Comments Read more