Search Results for: American banks
Samsung Pay lines up card schemes and banks for launch
August 14th, 2015
Samsung will introduce its mobile payments service in South Korea later this month, with Visa, MasterCard and several major banks onboard for a US launch in September. The handset manufacturer confirmed at an event to unveil the Galaxy S6 ...
Closed banks and capital controls until referendum
June 29th, 2015
In wake of MPs approving plebiscite, gov’t agrees to emergency measures after ECB decides not to lift limit on liquidity Greece heads to a referendum on Sunday that could decide whether its future lies in or out of the ...
U.S. SEC a stumbling block in banks’ forex guilty pleas – sources
May 15th, 2015
Banks want assurances from U.S. regulators that they will not be barred from certain businesses before agreeing to plead guilty to criminal charges over the manipulation of foreign exchange rates, causing a delay in multibillion-dollar settlements, people familiar with ...
Swiss Banks Try to Keep Italian Clients After Tax Deal Is Signed
February 26th, 2015
Swiss asset managers, faced with the prospect of an exodus of Italian funds, have won a reprieve. An agreement to share tax information among the two nations signed Monday means Italy will remove Switzerland from a black list, enabling ...
Suit Accuses Banks of Role in Financing Terror Attacks
November 11th, 2014
The suit accuses banks — including HSBC and Barclays — of helping to finance the violent activities through their ties to Iran, painting Wall Street as a sort of middleman of terror. Those acts of terrorism occurred a world away ...
After JPMorgan Cyberattack, fortification of Wall Street Banks is a must
October 22nd, 2014
Federal and state regulators are said to be discussing fortification of a critical area of cybersecurity: outside vendors, including law firms, accounting and marketing firms and even janitorial companies. This summer’s huge cyberattack on JPMorgan Chase and a dozen ...
Regulators Weigh Delay for Separating Banks’ Swaps Units
September 19th, 2014
U.S. banks may get another year to shift some swaps trading from their government-insured units as regulators respond to demands to give them more time, according to two people familiar with the talks. A delay until July 2016 in ...
Europe Fears Banks Lack Cash Cushion to Cover Bad Loans
August 25th, 2014
As Europe slogs through its latest round of bank stress tests, a growing number of analysts have already reached their own conclusion: Eurozone banks need additional cash. The E.C.B. will publish the results of its half-year investigation into Europe’s ...
Five Australian banks face class actions on fees
August 12th, 2014
Australian legal firm Maurice Blackburn said on Tuesday it had filed open class actions against five banks over late credit card fees worth hundreds of millions of dollars. The legal proceedings could become one of Australia’s biggest ever class ...
American taxpayers abandon U.S. before register to FATCA
August 11th, 2014
The U.S. Treasury Department has published indicative numbers illustrating the number of 1 577 United States taxpayers giving up their passports or their green cards in the first half of this year. The increasing number of individuals doing so, ...
