Senate panel: Banks helped hedge funds skirt taxes

July 22nd, 2014

great news thought i would never see this.

WASHINGTON — Two giant global banks helped at least a dozen hedge funds skirt full tax payment on more than $100 billion worth of stock trades, according to a new congressional investigation made public Monday. The probe by the Senate Permanent …

Banks to Rollout Annual Percentage Rate Pricing Via New Portal and Mobile APP

July 22nd, 2014

thats funny

Kenya Bankers Association (KBA) has launched a web portal and mobile application that will help commercial banks begin disclosing to loan applicants the components that make up the total cost of credit as a percentage known as the Annual Percentage Rate (APR).

Gulf banks in new lending bonanza as foreign banks falter

July 22nd, 2014

thanks for delivering this story to me

Cash-rich Gulf banks are grabbing a growing share of the region’s loan market as they cut fees and ease terms, elbowing aside some of the foreign banks which used to dominate lending. The shift reflects the weakened state of European and US banks in the …

Why Are Banks Refusing to Transfer Your Money Abroad?

July 22nd, 2014

great news thought i would never see this.

Large financial institutions like Bank of America (NYSE:BAC), HSBC (NYSE:HSBC), Citigroup (NYSE:C), and JPMorgan Chase (NYSE:JPM) have dealt an expensive blow to immigrants and their families. As regulators crack down on money laundering and illicit …

For Banks Near Cutoff, Bigger Isn’t Necessarily Better

July 22nd, 2014

this is bogus, who would think

Mr. Thain recently told investors he was looking for a significant deal so that his firm jumps comfortably over the $50 billion level. A representative of CIT declined to comment. Representatives for the U.S. Federal Reserve and the Federal Deposit …

Most Danish Banks Have Yet to Return to Debt Markets

July 22nd, 2014

if people only knew

More than half a decade after Denmark’s financial crisis left most of its banks shut out of debt funding markets, the lenders still aren’t selling bonds. Jan Kondrup, director of Denmark’s Association of Local Banks, says most of the group’s 70 …

Antitrust Regulator to Examine British Banks

July 22nd, 2014

so interesting

LONDON — Britain’s antitrust authorities said on Friday that they expected to open a formal investigation into the country’s retail banking industry, citing potential barriers to competition that include the control of a national network of branches …

We need to rein in ‘too big to fail’ banks

July 22nd, 2014

does anyone know when this will take effect

(CNN)– More than five years after the bankruptcy of Lehman Brothers and the beginning of the most severe economic downturn since the Great Depression, lawmakers should ask themselves whether they have done enough to reduce the risk of another financial …

India’s Payment Banks: What’s not in there

July 22nd, 2014

I like this:)

The Reserve Bank of India (RBI) recently released the draft guidelines for licensing of Payment Banks and Small Banks. The guidelines borrow heavily from the Nachiket Mor Committee report released earlier this year. Regrettably, the guidelines have not …

Banks Aren’t Quite Ready to Let Go of Reserve Releases

July 22nd, 2014

so interesting

Big banks’ releases of bad-loan reserves are supposed to be going away – but, apparently, not just yet. The top four national banks – J.P. Morgan Chase & Co., Citigroup Inc., Bank of America Corp. and Wells Fargo & Co. — released a total of $2.25 …