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....A record number of payments took place by credit and debit cards in June, fuelled by the continued popularity of contactless transactions. UK Finance, the new trade body for the banking industry, said almost 1. ... [Read full article on Guardian ]
Wednesday 9th of August 2017 05:36:58 PM
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. One of the economy’s lingering tumours, one that needs the financial equivalent of radiation therapy, can be found inside the banking industry. ... [Read full article on Guardian ]
Saturday 5th of August 2017 04:00:16 PM
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Latest Finance News related to Banking Industry

Contactless transactions take UK debit and credit card use to record high image
Source : Guardian [Read Article] Wednesday 9th of August 2017 05:36:58 PM
....A record number of payments took place by credit and debit cards in June, fuelled by the continued popularity of contactless transactions. UK Finance, the new trade body for the banking industry, said almost 1. ...
Top firms must publish figures on ethnic diversity, says report image
Source : Guardian [Read Article] Wednesday 19th of July 2017 05:01:11 AM
....Some 79% of the respondents were collecting and holding some employee data, but only 54% of them tracked the data and only 21% reported publicly on the subject and set targets. Business executive Pavita Cooper, who has worked in senior roles in the banking industry, will chair a new body, CMI Race. ...
Chip: the robot banker trying to pull millennials out of their overdrafts image
....“The first big problem for us to solve with this is pulling people out of this overdraft behaviour, and help them live their lives in the black,” he says. “Overdrafts are the sleeping dragon of the British banking industry: 40% of Brits use their overdraft every month, 20% are perpetually in them. ...
Almost 1m UK bank customers will be forced to use new sort codes image
Source : Guardian [Read Article] Friday 16th of June 2017 06:15:07 PM
....In order to minimise the disruption these changes could cause customers, Proudman said, “banks will ensure that any outgoing payments, for example standing orders and direct debits, are made as normal”. The Bank of England regulator also revealed that the banking industry will have spent billions of pounds to meet the timetable for the new rules by 2019. ...
Are cheap car loans the vehicle taking us to the next financial crash? image
Source : Guardian [Read Article] Saturday 10th of June 2017 03:00:29 PM
....Bank of England economists writing in a blogpost entitled “Car finance – is the industry speeding?” argue that “the industry’s growing reliance on PCP has made it more vulnerable to macroeconomic downturns”. There is also the concern that the banking industry, which provides much of the underlying finance, is offering the same platitudes as it did before the 2008 crash. ...
The Guardian view on the economy: invest for growth | Editorial image
Source : Guardian [Read Article] Tuesday 6th of June 2017 07:08:11 PM
.... In particular, the blow to confidence deterred businesses from making the kinds of investments needed to raise productivity and lift average wages. Britain’s not a strong and stable economy, but a fundamentally weak and enfeebled one, brought low by a banking industry that lent hundreds of billions more than it should have to people it barely knew. ...
Whitbread's Alison Brittain named Veuve Clicquot businesswoman of year image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:33:35 AM
.... She joked that her celebrations would involve drinking “copious amounts of champagne”. After climbing to the top of the male-dominated banking industry, Brittain switched sectors to lead Whitbread, which also owns the Beefeater Grill and Brewers Fayre restaurant brands, and employs about 50,000 people. ...
Trump is considering new Glass-Steagall-style bank rules image
Source : BBC [Read Article] Monday 1st of May 2017 06:18:44 PM
.... this is way down the list," he said. Mr McDonald said there are good political reasons why the president might want to take a tough line on the banking industry. ...
Two Barclays traders found not guilty in Libor retrial image
Source : BBC [Read Article] Thursday 6th of April 2017 10:12:09 AM
....Jonathan Pickworth, a lawyer at White & Case, which was not involved in the case, said the speedy acquittal "tells us all we need to know about what the jury thought of the prosecution case". During the trial, the SFO's only banking industry expert admitted he had broken court rules by sending texts and emails to contacts, while giving evidence in court, to check he was answering basic questions correctly. ...
Donald Trump tells banks he will give laws a 'haircut' image
Source : BBC [Read Article] Tuesday 4th of April 2017 09:50:19 PM
.... But not regulation that makes it impossible for the banks to loan to people that are going to create jobs," the president told a group of about 50 business leaders at a White House meeting. "We're going to be doing things that are going to be very good for the banking industry so that the banks can loan money to people who need it. ...
Financial fraud tops £768 million as impersonation scams and cyber attacks drive increase image
....uk), run by the City of London Police, immediately. Chief Supt Dave Clark, head of its Economic Crime Directorate, said “Today’s financial fraud figures show the sophisticated methods the banking industry has invested in to not only identify the threat but also prevent it. ...
Carney defends Bank of England over Hogg resignation image
Source : BBC [Read Article] Tuesday 21st of March 2017 11:22:41 AM
....He said the former deputy governor made a serious but "honest mistake" and that the Bank would learn from the affair. But he also warned against an overly punitive approach to misconduct in the banking industry, saying it could leave "senior managers running scared". ...
Any old Joe image
Source : BBC [Read Article] Friday 17th of March 2017 10:00:40 PM
....Because, just 24 months after getting his first job in banking, he is now the boss of telephone and online bank First Direct. At the age of 33 he is one of the youngest people ever to have made it to the top of the UK banking industry. ...
Charlotte Hogg resigns as Bank of England deputy governor image
Source : BBC [Read Article] Tuesday 14th of March 2017 09:40:11 AM
....John Mann, an MP on the Treasury Committee, told BBC Radio 5 live it was "appropriate" she had resigned. "She wrote the code of conduct for the Bank of England which says: 'Do you have a family member working in the banking industry, ie a brother or sister?'. ...
HSBC appoints AIA boss Mark Tucker as new chairman image
Source : BBC [Read Article] Sunday 12th of March 2017 11:19:23 PM
....Despite those efforts, profits tumbled more than 60% last year. The banking industry has been hampered by the extended period of very low interest rates, which makes lending money less profitable. ...
PPI claims deadline is announced image
Source : BBC [Read Article] Thursday 2nd of March 2017 07:21:58 AM
....People seeking compensation over mis-sold payment protection insurance (PPI) will have to make their claims before 29 August 2019. The final deadline has been set by the Financial Conduct Authority (FCA) in an effort to draw a line under one of the banking industry's biggest scandals. ...
PPI still dominates financial ombudsman's in-tray image
Source : BBC [Read Article] Tuesday 28th of February 2017 12:14:54 AM
...."The FCA's proposals - including the PPI deadline - are likely to heavily influence our complaints volumes," Ms Wayman said. Millions of people have already been paid compensation following what was one of the banking industry's biggest scandals. ...
First Trust to close half its Northern Ireland branches image
Source : BBC [Read Article] Thursday 23rd of February 2017 08:36:10 AM
....Just five years ago First Trust had more than 40 branches - when this latest cull is complete it will have just 15. Closing branches is part of a trend across the banking industry as customers do more of their transactions online. ...
Senators grill Janet Yellen on Republican plans to neuter Dodd-Frank Act image
Source : Guardian [Read Article] Tuesday 14th of February 2017 05:35:18 PM
.... The senator asked Yellen whether it was true that banks were not lending as a result of the legislation, brought in to curb risky lending after the financial crisis. On Tuesday Warren also sent letters to the White House, Department of Labor and Financial Services Roundtable to ask what role, if any, banking industry lobbyists had played in the development and drafting of Trump’s recent executive orders on financial regulation. ...
Fraud case and falling share price take shine off Lloyds’s farewell to taxpayer image
....A combination of two giants of the high street would ordinarily have been subject to an investigation by the competition authorities, but then Lloyds chairman Sir Victor Blank famously secured assurances from prime minister Gordon Brown at a City cocktail party that this would be averted. Even though the EU later forced Lloyds to spin off 600 branches – they use the TSB brand and are now owned by Sabadell of Spain – the combined business still dominates the UK banking industry. ...
RBS braced for multi-billion-pound settlement for loan-misselling scandal image
Source : Guardian [Read Article] Wednesday 25th of January 2017 09:20:18 PM
....8bn. Even when the bank takes a provision, it may not be the final amount that the DoJ will extract from RBS for the misselling scandal, which is related to the complex packaging of home loans that was a lucrative business for the banking industry until the 2008 crisis. ...
Post Office launches 'biggest expansion of face-to-face banking in a generation'  image
Source : Daily Express [Read Article] Tuesday 24th of January 2017 04:32:00 PM
. Under the new arrangements with the banking industry, 99 per cent of bank customers will be able to carry out basic needs across the postal network. ...
HSBC to close 62 more branches this year, blaming online banking image
Source : Guardian [Read Article] Tuesday 24th of January 2017 01:47:13 PM
....The bank will be left with 625 branches by the end of the year, which means it will have more than halved its high street presence since June 2011 when it had 1,301 branches. Dominic Hook, the Unite national officer for finance, said: “Unite is again calling on the banking industry to rethink such branch culling exercises, which do nothing to reassure customers or staff that banking is accessible and open to all. ...
Goldman Sachs stalls plan to move jobs to UK amid Brexit uncertainty image
Source : Guardian [Read Article] Thursday 19th of January 2017 01:15:50 PM
....A Goldman spokesman in London insisted no decision had yet been taken: “We continue to work through all possible implications of the Brexit vote. There remain numerous uncertainties as to what the Brexit negotiations will yield in terms of an operating framework for the banking industry. ...
US charges three foreign exchange traders image
Source : BBC [Read Article] Tuesday 10th of January 2017 11:28:46 PM
. Prosecutors in the US have accused three former currency traders at major banks of trying to rig foreign exchange (forex) rates in the banking industry. ...
MPs hear call for five-year transitional Brexit deal image
Source : BBC [Read Article] Tuesday 10th of January 2017 01:35:55 PM
...."[This] is likely to strongly support a positive outcome for these [Brexit] negotiations," he said. Mr Douglas Flint, chairman of the huge international HSBC banking group, told the MPs he was worried about a negative outcome of the Brexit negotiations for the international banking industry based in London. ...
Business and parliament must work together to avoid a 'cliff edge' Brexit image
Source : Guardian [Read Article] Friday 23rd of December 2016 12:01:01 AM
.... Carney, in front of the Treasury select committee in November, pointed out that the shortest transition period he had ever seen in a trade deal was two years, which was the Swiss-EU deal on insurance. “Normally, it is in the range of four to seven years,” he said, adding that the post-crisis Basel reforms to the banking industry were phased in over eight. ...
Banks may groan – but Andrew Tyrie is right to launch a new inquiry image
Source : Guardian [Read Article] Monday 19th of December 2016 07:05:55 PM
. It’s been ages – actually only three years – since the last parliamentary inquiry into the banking industry, but here comes the tireless Andrew Tyrie with another. ...
GCHQ asked to step up action against cyber-attack threat to financial services image
....“Legacy systems, human error and deliberate attack have resulted in unacceptable interruptions to vital banking services and weakened the public’s confidence in the banking system as a whole. The recent attack on Tesco Bank is only the latest example of criminals exploiting vulnerabilities in the banking industry’s IT systems,” said Tyrie. ...
Millions of bank customers on raw deals, figures suggest image
Source : BBC [Read Article] Monday 12th of December 2016 12:18:52 PM
....The Treasury figures show that 3. 7 million people have accounts that do not conform to the agreement, struck between the government and the banking industry, in 2014. ...
Italian banks damaged by referendum result, says Fitch image
Source : Guardian [Read Article] Tuesday 6th of December 2016 06:39:31 PM
....Plans by leading Italian banks to raise billions of euros from investors to boost their financial strength have been damaged by the outcome of Sunday’s referendum, a leading ratings agency said on Tuesday as it downgraded its outlook for the sector. Fitch – which said it had a negative outlook on the Italian banking industry for 2017 – said profitability in the sector was already frail before the referendum result that sparked political chaos and forced the resignation of the prime minister, Matteo Renzi. ...
Monte dei Paschi shares fall after Italian referendum result image
Source : Guardian [Read Article] Monday 5th of December 2016 01:59:30 PM
.... “I think a precautionary recapitalisation is ultimately still probable as a private sector-only solution is now highly unlikely to work,” said Mujtaba Rahman, managing director of consultancy Eurasia Group. Renzi has been credited with helping to create a backstop fund – known as Atlante – for a banking industry that has €360bn of bad debts and is highly fragmented with more than 500 lenders. ...
Here are the simple ways to FIGHT the high-tech scams in Britain image
Source : Daily Express [Read Article] Tuesday 29th of November 2016 05:47:00 PM
....co. uk, said the move is a step forward, but much more must be done: “The recent attack on Tesco Bank highlighted hackers’ ability to exploit vulnerabilities and it is vital the banking industry protects its customers. ...
Brexit vote and Trump's election have created risks for banks, says S&P image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 12:17:28 PM
....The UK’s vote for Brexit, Donald Trump’s US election win and a slowdown in Chinese economic growth are combining to create significant risks for the global banking sector, a leading ratings agency warned on Wednesday. Standard & Poor’s also included the low interest rate environment as posing potential hurdles for the banking industry’s creditworthiness in its global credit outlook for the sector in 2017. ...
Banking shortcomings make cyber crime the consumer's problem image
Source : Independent [Read Article] Tuesday 8th of November 2016 07:25:00 PM
Taxpayer bailouts for banks 'too big to fail' to end by 2022 image
Source : BBC [Read Article] Tuesday 8th of November 2016 12:36:11 PM
....The then chancellor, Alistair Darling, said at the time that RBS had been within just a couple of days of having to shut down its ATM machines because it was about to run out of cash. At one point, the direct government subsidy to the entire UK banking industry reached more than £1tn, according to the National Audit Office. ...
PPI complaints continue to flood in at Ombudsman image
Source : BBC [Read Article] Thursday 3rd of November 2016 12:05:13 AM
....PPI policies were supposed to provide cover if someone could not repay their loans or credit card bills, because of illness, accidents or unemployment. But a series of inquiries by consumer groups and the UK financial authorities, stretching back more than a decade, concluded - in the teeth of opposition from the banking industry - that tens of millions of the polices had been mis-sold to people who did not want or need them. ...
Would you do your banking with a tech startup? image
Source : Guardian [Read Article] Wednesday 19th of October 2016 08:53:58 AM
....Blomfield also wants Monzo to become the first bank to fully leverage the network effect of the internet: the characteristic, shared by sites like Facebook and technologies like the telephone, which means they become more useful the more people use them. He’s got small ideas to start, like the ability to split bills automatically between every Monzo user at the meal at the point of payment, but they’re already very different from what the wider banking industry expects. ...
UK towns and villages running out of hard cash, says report image
Source : Guardian [Read Article] Sunday 16th of October 2016 11:01:47 PM
....It added that banks were increasingly referring customers to the post office as an alternative provider but in a number of cases they were directing people to post office branches that had closed down or moved. Last year, the banking industry agreed to a protocol requiring it to publish impact statements with information on counter usage, regular customers and the location of the nearest alternative bank, cash machine and post office. ...
Postal Savings Bank shares make flat debut image
Source : BBC [Read Article] Wednesday 28th of September 2016 07:30:19 AM
....Analysts had expected a muted response because of the glut of Chinese bank stocks already in the market. In addition, investors are cautious on the outlook for the Chinese banking industry, which is battling mounting bad debts in a slowing economy. ...
Wells Fargo chief forfeits $41m amid corruption probe image
Source : BBC [Read Article] Wednesday 28th of September 2016 12:23:05 AM
...."That said, I accept full responsibility for all unethical sales practices," he added. During the questioning, Senator Elizabeth Warren, who has long been a critic of the US banking industry, was unmoved by his apology. ...
Wells Fargo boss urged to resign over accounts scandal image
Source : BBC [Read Article] Tuesday 20th of September 2016 02:37:12 PM
...."That said, I accept full responsibility for all unethical sales practices," he said. But Senator Warren, who has long been a critic of the US banking industry, was unmoved by his apology. ...
Financial scam committed 'every 15 seconds' image
Source : BBC [Read Article] Monday 19th of September 2016 11:02:39 PM
.... Many people are too embarrassed to admit they have been caught out. The Take Five campaign, backed by police, the banking industry and consumer groups, is aimed at ensuring busy lives do not make people easy targets. ...
Global banking watchdog warns over Chinese banks image
Source : BBC [Read Article] Sunday 18th of September 2016 08:30:53 PM
. Risks of a Chinese banking crisis are mounting, according to a warning indicator from the banking industry's global watchdog. ...
Kenya caps the cost of bank loans image
Source : BBC [Read Article] Friday 2nd of September 2016 09:30:54 PM
.... . Despite opposition from the banking industry to this law, banks will now only be able to charge up to four percentage points higher than the central bank's base rate for loans. ...
Brown shoes and loud ties 'hinder investment banking hopefuls' image
Source : BBC [Read Article] Thursday 1st of September 2016 01:45:11 PM
....Chairman Alan Milburn said "arcane culture rules" were locking working-class candidates out of City jobs. A spokesman for the British Bankers' Association (BBA) said: "The banking industry has made significant strides to improve social mobility at all levels but recognises that we cannot afford to be complacent on this crucial issue". ...
Santander slashes its 123 interest rate image
Source : Guardian [Read Article] Monday 15th of August 2016 08:55:15 AM
....Related: As Santander raises its fees, check that 123 still adds up. Santander said it was forced to make the reduction “due to the market expectation of interest rates staying lower for longer, compounded by increased costs brought about by changes in the banking industry”. ...
Q&A: Banking reforms image
Source : BBC [Read Article] Tuesday 9th of August 2016 03:08:19 PM
....That particular change should happen by September next year. To encourage customers to switch or shop around, the CMA is ordering the banking industry to embrace the idea of Open Banking. ...
Watchdog's banking tech reform 'not enough' image
Source : BBC [Read Article] Tuesday 9th of August 2016 06:26:34 AM
.... do you really want another party to be able to see all the transactions that you make in your bank account and be able to tell other potential competitors about that?" she told the BBC. Meanwhile the banking industry welcomed the emphasis on new technology. ...
Where to put £1,000 in a world of negative interest rates image
Source : Guardian [Read Article] Tuesday 26th of July 2016 01:06:29 PM
. NatWest this week shocked the banking industry by changing the terms and conditions on its business accounts to pave the way to charge customers for holding their deposits, although it insists it has no immediate plans to do so. ...
US bank buys new office block in London image
Source : BBC [Read Article] Monday 18th of July 2016 01:21:56 PM
....The financial terms weren't disclosed but Reuters quoted sources close to the deal as valuing it at around £300m. There have been concerns that the banking industry would leave London post-Brexit. ...
Savers' woe BUT borrowers' delight: Bank set to axe interest rates image
Source : Daily Express [Read Article] Thursday 14th of July 2016 10:32:00 AM
...."Therefore, I would be keen to see that the Monetary Policy Committee (MPC) takes no action so that they and the government have time to more fully assess the situation in the coming months. "The MPC has said that it has powers to react if needed, though Mark Carney has cautioned that zero and negative interest rates would not be good for banks, and with the Bank of England also being the regulator of the banking industry, it has a duty to ensure that banks remain in a healthy state. ...
Overdrafts more expensive than payday loans, says Which? image
Source : BBC [Read Article] Friday 8th of July 2016 09:26:59 PM
....Banking apps: What are they and how do they work?. In response, the banking industry said that unplanned overdraft charges are much lower than they used to be. ...
Finger slip could be costly as contactless and cashless payments become more popular image
.... . In January, the banking industry introduced new rules making it easier to recover misdirected money, but these apply only in straightforward cases where there is clear evidence of a genuine mistake. ...
City news: Euro 2016, job cuts in oil & gas firms and London workers ‘eyeing job switch’ image
....-----------------------------------------------------------. Half of workers in the City of London are planning to change jobs within a year, as pressure on pay in the banking industry pushes employees to re-assess their current position, according to new research. ...
Bank of England policymaker takes aim at free accounts image
Source : Guardian [Read Article] Wednesday 25th of May 2016 01:10:48 PM
....A senior Bank of England policymaker has issued a scathing attack on two of the mainstays of high street banking, free-if-in-credit current accounts and teaser rates offered to entice new customers. Martin Taylor, who sits on the Bank’s financial policy committee, also hit out at bankers’ pay, saying it was one of the issues that had led to a lack of public trust in the banking industry. ...
Costs of overdrafts to fall as part of UK banks overhaul image
Source : Guardian [Read Article] Tuesday 17th of May 2016 06:36:13 AM
....The competition watchdog has spent £5m on its investigation, first announced in July 2014 at a time when the Labour party was promising to create new banks. The banking industry generates £14bn of revenue a year from current accounts and small businesses, and the watchdog calculated overdraft users could save up to £153 on average by switching accounts. ...
This bank account switching report is a real hassle image
Source : Guardian [Read Article] Sunday 15th of May 2016 08:00:01 AM
.... Then Labour leader Ed Miliband was pushing for a break-up of the big four of Lloyds Banking Group, Royal Bank of Scotland, HSBC and Barclays. While these banks still control 77% of current accounts, such drastic moves rarely seem to happen in the banking industry – and almost certainly won’t this week. ...
HSBC criticises John Kerry over business with Iran request image
Source : Guardian [Read Article] Friday 13th of May 2016 03:35:03 PM
....The US and European Union lifted sanctions against in Iran in January after the country dismantled 14,000 centrifuges – two-thirds of its total nuclear capacity – as part of its obligations under the international deal agreed in Vienna last July. Despite this, the banking industry remains fearful of large financial fines, - the threat of losing crucial licences to operate in the US, for falling foul of regulations. ...
US and UK urge banks to do business with Iran image
Source : Guardian [Read Article] Thursday 12th of May 2016 05:38:12 PM
....Related: Was the Iran nuclear deal just a triumph of White House spin?. A British banking official said the meeting had gone “relatively well” but had not changed “issues that have been of longstanding and major concern to the banking industry”. ...
Sue your bank! Why it's better to go to court than to arbitrate in the long run image
.... The banks are the tip of the proverbial iceberg. The banking industry, if anything, has become worse in the way it has treated those customers least able to push back: ordinary checking account customers. ...
How the car industry trumped banking for sociopathic corporate behaviour | Karel Williams image
....Since the financial crisis of 2008, we have had multiple scandals about banks and bankers behaving badly – from the misselling of payment protection insurance and interest-rate hedges, to the rigging of Libor and foreign exchange rates, and corporate collusion in money laundering. The banking industry has been singled out for its unhealthy internal culture. ...
How the car industry trumped banking for sociopathic corporate behaviour | Karel Williams image
....Since the financial crisis of 2008, we have had multiple scandals about banks and bankers behaving badly – from the misselling of payment protection insurance and interest-rate hedges, to the rigging of Libor and foreign exchange rates, and corporate collusion in money laundering. The banking industry has been singled out for its unhealthy internal culture. ...
Who invented the cash machine? I did – and all I earned was £10 image
Source : Guardian [Read Article] Friday 29th of April 2016 11:09:34 AM
....“You can imagine how I feel when I see bankers getting £1m bonuses. I wonder what they contributed to the banking industry more than I did to merit a £1m bonus. ...
Lloyds Banking Group reveals surge in buy-to-let lending image
Source : Guardian [Read Article] Thursday 28th of April 2016 08:58:38 AM
.... The bad debt charge was down 6% to £149m. However, there was no new provision for payment protection insurance selling, a scandal which has so far cost the banking industry more than £30bn, and £16bn at Lloyds. ...
Will BHS's deficit sink the pensions lifeboat? image
Source : Guardian [Read Article] Tuesday 26th of April 2016 06:40:57 PM
....There’s only one problem. The consortium is headed by one Bob Diamond, ousted as Barclays’ chief executive in 2012 in the early days of the banking industry’s Libor-rigging scandal. ...
UK's big four banks face £19bn in compensation, fines and legal costs image
Source : Guardian [Read Article] Tuesday 26th of April 2016 04:18:29 PM
....“This staggering amount represents around 9% of these banks’ revenues during this period and about 90% of all conduct and litigation charges for the UK banking system,” S&P said. The total cost for the UK banking industry was £62. ...
TSB calls for competition authority to help challenger banks image
Source : Guardian [Read Article] Thursday 21st of April 2016 11:33:10 AM
....”. The CMA has delayed its report into the banking industry to give it time to come up with ways of improving service to customers who have overdrafts. ...
Citigroup quarterly profits plunge 27% image
Source : BBC [Read Article] Friday 15th of April 2016 12:35:40 PM
.... . The global banking industry has struggled since the start of year due to uncertainty surrounding the world's economic outlook, with a slowdown in China and the continued fall of oil prices. ...
US banks' profits hit by oil price fall image
Source : BBC [Read Article] Thursday 14th of April 2016 01:03:41 PM
....7% drop in quarterly profits as it set aside more funds to cover potential losses at oil and gas companies. Other factors are also hurting the banking industry, including the low interest rate environment and a slowdown in global growth, particularly in emerging markets. ...
Is Wall Street a problem for Hillary Clinton? image
Source : BBC [Read Article] Wednesday 13th of April 2016 11:00:43 PM
.... . And throughout her career, donors from the securities and investment sector have donated over $14m, while those classified as working in the finance and commercial banking industry have added another $7. ...
US banks not prepared for another financial crisis, say federal regulators image
Source : Guardian [Read Article] Wednesday 13th of April 2016 04:32:15 PM
....The process of drafting living wills was introduced in the Dodd-Frank rules brought in by Congress after the financial crisis in order to tackle the systemic risks posed by the collapse of the financial industry. The process of drawing up the wills is ongoing and that the banking industry is committed to working with the regulators, said John Dearie, CEO of Financial Services Forum – a trade group that represents 16 of the largest banks with the exception of Wells Fargo. ...
JP Morgan profit falls on US oil loans image
Source : BBC [Read Article] Wednesday 13th of April 2016 12:39:28 PM
....08bn. Other factors are also hurting the banking industry including the low interest rate environment, and a slowdown in global growth, particularly in emerging markets. ...

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