All posts tagged "Banking"
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
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
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
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
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
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
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
Florida Bankers, Cuban Bank Hold Workshop in Havana
Attended by representatives from Cuba, the US and other countries
- Posted July 17, 2016
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
Lawmakers Considering Bill to Help Private Banks
Measure to allow using lower cost collateral for public deposits
- Posted June 2, 2016