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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Public and press demands over the supervision of criminals cannot be met because the probation service is facing a tightening "squeeze", a government inspector warned today.
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The Justice Department announced new rules yesterday that will make it harder for prosecutors to bring criminal charges against companies, bending to intense pressure from business groups that claim the government has overreached in its pursuit of financial malfeasance.
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Business & money: Ill-judged comments saw deluge of customers reclaiming bank charges, says lawyer
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Barclays Capital, the investment banking arm of the UK banking giant, is being sued over claims it failed to properly manage a portfolio of bonds.
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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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Banking regulators on Tuesday urged mortgage servicers to be proactive and contact borrowers at risk of default to help them avoid foreclosure and keep their homes.
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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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Enterprises violating environmental protection rules in China will struggle to get bank loans    BEIJING, Feb.
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A group of MPs are calling for the Bank of England to be more open about the way it sets interest rates.
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Business & money: Watchdog warns banks that balance sheets will be under extra scrutiny and so they should not try to hide the worst effects of the credit crunch
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Northern Rock customers have complained of problems accessing their online accounts.
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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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Two consumer watchdogs accused Northern Ireland's four major banks Monday of maintaining anticompetitive practices and levying outrageously high charges.
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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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Fannie Mae, accused by regulators of flouting accounting rules, said yesterday it could not meet a deadline for a quarterly financial report and may be required to record
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Bank regulators tightened standards for mortgage lending on Friday in a bid to curtail risky practices that have been blamed for a record level of foreclosures.