All posts tagged "Banking"

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  How Shady Italian Banking Led to Drama for Savers, Economy

  MONTEBELLUNA, Italy — For the people of Montebelluna, in Italy’s prosperous northeast, the 139-year-old Veneto Banca was not a faceless lender but part of the community. Deals were made in the local dialect. Cash was dropped off...

  • Posted November 30, 2016
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  Regulators Look To Set Standards for Bank’s Cyber Defenses

  WASHINGTON — Federal regulators are looking to set up new standards for big banks’ planning and testing for possible cyberattacks. The aim is to bolster the banking industry’s defenses amid concern over periodic security breaches at U.S....

  • Posted October 19, 2016
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  Wells Fargo’s Earning Fall As Bank Deals with Scandal

  NEW YORK — Wells Fargo’s earnings slipped in the third quarter, the bank said Friday, as the banking giant started dealing with the aftermath of a sales practices scandal that has consumed it in recent weeks. Wells...

  • Posted October 14, 2016
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  Softbank Sets Up Technology Fund with $100 Billion Potential

  TOKYO — Japanese telecommunications and internet company SoftBank Group Corp. is setting up a $25 billion private fund for technology investments with the potential to grow to $100 billion. The Tokyo-based company, the first carrier in this...

  • Posted October 14, 2016
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  Wells Fargo CEO faces lawmakers, apologizes again

  Employees secretly set up new fake bank and credit card accounts in order to meet sales targets

  • Posted September 29, 2016
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  Wells Fargo CEO to Face Lawmakers with Better Defense

  WASHINGTON – Wells Fargo’s CEO, newly stripped of tens of millions in compensation in a scandal over sales practices, will face lawmakers with more defenses than he had in the last round, when some senators called for his...

  • Posted September 28, 2016
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  San Juan celebrates Puerto Rico Housing Conference

  SAN JUAN – Puerto Rico’s banking and housing industries celebrated Thursday the Puerto Rico Housing Conference in Miramar’s Sheraton Convention Center. The event, organized by the Puerto Rico Bankers Association (PRBA) in collaboration with the Puerto Rico...

  • Posted September 22, 2016
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  Florida Bankers, Cuban Bank Hold Workshop in Havana

  Attended by representatives from Cuba, the US and other countries

  • Posted July 17, 2016
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  Average US 30-year Mortgage Rate Falls to new 2016 Lows

  WASHINGTON — Long-term U.S. mortgage rates fell this week to the lowest level since May 2013, driven down by financial tumult in Europe. Mortgage giant Freddie Mac says the average 30-year fixed rate mortgage fell to 3.41...

  • Posted July 7, 2016
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  Lawmakers Considering Bill to Help Private Banks

  Measure to allow using lower cost collateral for public deposits

  • Posted June 2, 2016