Banks Plead They Canât Follow Rules
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As the mortgage mess grows, we are learning more and more about just how sloppy things were in the mortgage-issuing business.
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The news was a reminder of the difficulty banks are now facing in valuing complicated financial instruments.
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Business & money: Bank could step in to tackle fresh inflation fears.
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Federal bank regulators, worried about a surge in defaults on high-risk home mortgages, on Friday called on lenders to exercise caution in making subprime loans and closely evaluate borrowers' ability to repay them.
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Private bankers in Switzerland have fired another broadside at what they see as over-regulation in the banking sector.
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Bank customers trying to reclaim overdraft charges will face a lottery unless a test case is heard, a judge warns.
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Banks are being accused of pressuring customers into taking out costly loans to try to clear their debts.
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Lawmakers accused federal regulators yesterday of moving too slowly to implement rules to help consumers fix errors on their credit reports.
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Media & professional: Â· Radical shakeup proposed to limit bar on payouts  Â· ABI insists changes would not help consumer
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People who ignore safety advice and lose money in online banking scams could be refused refunds by banks.
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Two consumer watchdogs accused Northern Ireland's four major banks Monday of maintaining anticompetitive practices and levying outrageously high charges.
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If you write checks thinking you can beat them to the bank, you might want to rethink your financial strategy by Thursday. A new law that requires all banks to accept electronic images of checks
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European Union finance ministers and central bankers decided at the weekend against establishing fixed rules in advance on how to bail out banks or other financial institutions that have cross-border operations in the EU.
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HONG KONG : More problems for DBS after its accidental destruction of 83 safe deposit boxes in Hong Kong. The bank could now face &quot;supervisory action&quot; from the Hong Kong Monetary Authority.
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U.S. lawmakers wrote to regulators on Monday expressing concern that some banks are processing unsigned checks used by fraudsters seeking to drain money from the accounts of vulnerable people.
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Defenders of financial rigour in the European Union attacked Tuesday a German call for a radical overhaul of the eurozone's budget rules at a lively meeting of EU finance chiefs.
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Unfair bank charges harm people on low incomes and need more regulation, a consumer watchdog says.