Tag Archives: banks

REVEALED: Which banks are getting most complaints from YOU?

Taxpayer-backed Lloyds Bank has topped the list of most complaints made in the first half of 2016 to the Financial Ombudsman Service (FOS). There were a whopping 22,241 new cases lodged against the lender, and a further 22,090 made against the Bank of Scotland, which is part of the same group. Payment protection insurance (PPI) were the subject of the ...

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Former Treasury Official Who Helped Bail Out the Banks Says They're Still Too Big to Fail

At the Brookings Institution on Tuesday, Neel Kashkari, a senior Treasury Department official in the Bush and Obama administrations, said that he believes “the biggest banks are still too big to fail and continue to pose a significant, ongoing risk to our economy.” “The question is whether we as a country have the courage to actually take action now,” Kashkari, ...

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Banks are the next big competitors for Android Pay and Samsung Pay

Eighteen months ago, rulings by Visa and MasterCard gave banks the chance to become big players in the emerging industry of mobile payments. They are finally starting to take advantage. Continue reading… The Verge – All Posts

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Why We Return to Those Big Banks That Burned Us

Filed under: JP Morgan Chase, Bank of America, Citigroup, Banking, Wells Fargo Matt Rourke/AP By Brian O’Connell The reputations of America’s biggest banks hit all-time lows a few years ago, sending customers off to smaller institutions, credit unions and online-only experimenting. Why are those customers headed back to the giants? Emily Veach, a community and media relations manager at New ...

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5 Sly Ways Banks Push Your Account Into the Red

Filed under: Banking, Checking Accounts, Savings Accounts, How to Save Money, Financial Education By Maryalene LaPonsie Overdraft fees continue to be big business for banks, despite a 2010 Federal Reserve rule preventing banks from automatically enrolling customers in overdraft programs. The changes since 2010 include an increase in the median fee that customers pay for withdrawing more from checking than ...

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European authorities aim to purge weak banks

A woman stands in front of a window in the new headquarters of the European Central Bank during a media tour at the construction site in Frankfurt, Germany, Tuesday, Oct. 21, 2014. The ECB is supposed to move into the building by the end of 2014. (AP Photo/Jens Meyer) By DAVID McHUGH, AP Business Writers FRANKFURT, Germany (AP) — Europe’s ...

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