No Details on Credit Card Losses from Ken Lewis
Kenneth Lewis, the chief executive of Bank of America Corp., said yesterday that credit card losses will jump in the...
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Unemployment, the New Black
A 7.5% unemployment rate is the new black - at least to bankers. (Leave it to bankers to be hip...
Banks Make Security Technology Top Priority
The chaos on Wall Street is prompting financial institutions to make security technology an even higher priority, say tech venders....
Card Rates Rise with Perceived Risk
In response to heightened sensitivity to risk, credit card lenders have notably increased the prices they charge their borrowers. Even...
Buffett’s Due Diligence? There Was None
How did Warren Buffett do due diligence on Goldman Sachs? By not doing any. Lloyd Blankfein, Goldman's chief executive, told...
State Street to Slice Expenses in 2009
State Street Corp. is planning to aggressively cut its expenses in 2009. Ron Logue, chairman and CEO, said State Street...
JPM, Regions, Associated Banc-Corp Innovate in Face of Crisis
There's nothing like a credit crisis to get the innovative juices flowing. New initiatives at three diverse banks -- JPMorgan...
Basel II Adoption a Longshot in U.S.
Basel II is dead in the United States. The banking standard that would effectively cut core capital requirements for banks...
Citigroup Modifies Mortgage Loans as Unemployment Rates Rise
Citigroup Inc. announced today that it will modify the terms on $20 billion of mortgages. CitiMortgage – the company’s mortgage...
The New Fall Fashion: Converting to a Bank Holding Company
Credit card company American Express Co. today announced that the Federal Reserve approved its application to become a commerical bank...
