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Financial News

Appeals court upholds Fed's debit card 'swipe fee' limits

A U.S. appeals court upheld the Federal Reserve's controversial rules for debit card "swipe fees" on Friday, disappointing merchants who had argued the charges were too high.
In the Media by Emily Stephenson (Reuters)

All big U.S. banks but one pass Fed's health test

In the Media by Emily Stephenson (Reuters)

All big U.S. banks but one pass Fed's health test

In the Media by Emily Stephenson (Reuters)

NY regulator says financial firms could face bans over money laundering

New York state's top financial regulator on Wednesday said his office, as part of efforts to crack down further on Wall Street misdeeds, is considering banning certain banks from specific business...
In the Media by Emily Stephenson (Reuters)

Big banks need point person for money-laundering lapses: regulator

Big banks should designate senior managers to oversee efforts to police transactions for criminal activity and take responsibility when lapses occur, a top U.S.
In the Media by Brett Wolf and Emily Stephenson (Reuters)

New York takes London's crown as top financial center: survey

New York has knocked London from its position as the world's leading global financial center after seven years, according to the Global Financial Centres Index compiled by London-based consultancy Z/Yen.
In the Media by Reuters

Skype-type money swaps bad news for banks?

Tallinn - Irked by high bank fees on international money transfers, two Estonian IT whizzes who helped engineer Skype and Paypal have hatched Transferwise, a global Internet platform coordinating currency swaps between individuals."Hey, hidden fees.
In the Media by Anneli Reigas (AFP)

GE Capital and Slate win Midas Award for content marketing effort

In 2013, GE Capital partnered with Slate to create the "Roadshow For Growth," and the long-form content strategy and tour was recently recognized with a Midas Award.
In the Media by Michael Krebs

Bitcoin ban imposed on financial businesses in China

The central bank of China decided to ban Bitcoin pricing, selling, buying, and product insurance for financial companies, citing that Bitcoin is an unstable virtual money despite continued investor interest.
In the Media by Stephanie Medeiros - 1 comment

U.S. plans to arrest 2 former JPMorgan employees over $6B loss

New York - Authorities are planning to arrest two former JPMorgan Chase employees suspected of masking the size of a multi-billion-dollar trading loss.
In the Media by John Simon Ritchie - 5 comments
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