Banking

Banking

Regulators Point the Finger at Banks for Overdraft Fees, Fintech Records

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Two US financial regulators told banks Tuesday to step up protections for consumers: for overdraft fees and tracking fintechs.

1 min read

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Banking

Fed Majorly Backtracks on Proposed Bank-Capital Hike

The proposal to hike holdings for the biggest lenders to buttress market shocks was sliced more than in half.

2 min read
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Banking

The EU Wants to Make Its Bankers More Fireable

The German government is planning to make it easier for companies in the financial sector to fire high-earning employees.

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Banking

Wells Fargo Sells Most of Its Commercial Real Estate Servicing Business

Wells Fargo said Tuesday that it will sell most of its commercial mortgage servicing business to Trimont, a global loan services provider.

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Banking

UBS Quarterly Profit Doubles Market Forecast

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UBS appears to have regained its form, reporting $1.1 billion in net income for the second quarter, doubling analyst estimates.

2 min read

Banking

Chase, PayPal Digital Ad Gambits Bring New Privacy Worries

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Unlike making a purchase on Amazon or eBay, financial transaction data gives a more complete profile picture.

2 min read

Banking

UBS Mulls a Massive Cost-Cutting

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The slow integration of Credit Suisse has only exacerbated existing problems with UBS’s asset management unit.

1 min read

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