Archive for the ‘Uncategorized’ Category

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S.E.C. Settles Swiss Banking Secrecy Case With an HSBC Unit

. . .     S.E.C. Settles Swiss Banking Secrecy Case With an HSBC Unit     Piggybankblog posted on 12/24/14 Reposted from nytimes.com     Washington’s crackdown on Swiss bank secrecy gained steam on Tuesday, as HSBC’s private banking unit in Switzerland settled an investigation into how it had solicited American clients. Taking aim […]

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Wall Street Loses Ground as the Market Booms

. . .     Wall Street Loses Ground as the Market Booms     Piggybankblog posted on 12/24/14 Repost from businessweek.com   Wall Street banks have failed to keep up with the stock market during its more than five-year boom, falling behind industries such as technology and health care. There were just 32 U.S. […]

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Bankers association ad touts ‘hometown bankers’ as poll ratings slide

. . .     Bankers association ad touts ‘hometown bankers’ as poll ratings slide   Piggybankblog posted on 12/24/14 Repost from bizjournals.com   Yes, that’s Virginia Bankers Association President and CEO Bruce Whitehurst in a series of American Bankers Association television commercials airing nationwide. No, Whitehurst isn’t aiming for a new career in show […]

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Bank of America fails 2 mortgage settlement tests

. . .     Bank of America fails 2 mortgage settlement tests   Piggybankblog posted on 12/24/14 Repost from charlotteobserver.com   Bank of America has failed two of 31 tests designed to see whether it is complying with a national mortgage settlement’s rules, a report Tuesday from the settlement’s watchdog shows. The tests involve […]

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SEC’s Stein says Bank of America waiver policy is ‘breakthrough’

. . .     SEC’s Stein says Bank of America waiver policy is ‘breakthrough’   Piggybankblog posted on 12/04/14 Repost from reuters.com   (Reuters) – A top U.S. regulator praised the structure of a regulatory waiver granted last month to Bank of America Corp, saying the tougher conditions imposed on the bank may help […]

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The biggest banks have paid $180 billion in fines since the financial crisis

. . .   The biggest banks have paid $180 billion in fines since the financial crisis   Piggybankblog posted on 12/02/14 Repost from marketwatch.com   NEW YORK (MarketWatch) — Legal claims against the world’s leading banks have reached $178 billion since the financial crisis, according to a new global banking study by the Boston […]

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advertisement Bank of America Apologizes for Double Charging on Apple Pay

. . .     Bank of America Apologizes for Double Charging on Apple Pay   Piggybankblog posted 10/22/14 Reposted from nbcnews.com   A number of Bank of America customers took to Twitter to complain they were charged twice for purchases they made using Apple‘s new mobile payments system. A Bank of America spokeswoman said […]

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In October of 2014 Consumer Bureau Finds Homeowners Harmed by Loan Companies

. . .     Consumer Bureau Finds Homeowners Harmed by Loan Companies   October 21st, 2015 Article from consumerfinance.gov   Oct. 29 (Bloomberg) — The three-year-old U.S. consumer protection agency said it discovered that the largest mortgage servicers have been mishandling loan modifications and harming borrowers since new rules came into effect in January. […]

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Why Bank of America CEO Brian Moynihan’s promotion spells bad news

. . .     Why Bank of America CEO Brian Moynihan’s promotion spells bad news   Piggybankblog posted on 10/04/14 fortune.com article   Wall Street’s watchdogs, let out to run after the financial crisis, are slowly being put to sleep. Another one just got sent to the pound. On Wednesday, Bank of America announced […]

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