Business
Cyprus closes bank, depositors suffer heavy losses
CYPRUS — The European Union and Cyprus closed a last minute deal to shut down its second-largest bank and inflict heavy…
Tag: Banking
Business
Bank of England mulls negative interest rates
LONDON — People across Britain could see their savings hit or face new charges on their current accounts after a senior…
Business
Morgan Stanley charged with Predatory Lending suit
NEW YORK – The American Civil Liberties Union (ACLU) is filing a lawsuit against Morgan Stanley for discrimination in packaging sub-prime mortgage…
Business
Debtor’s Prison for Mortgage Defaulters?
While most Americans were watching events unfold in the Middle East, the Chicago Tribune quietly published over the weekend a story…
Business
Fannie Mae deal with BofA draws Lawmaker Scrutiny
A deal between Fannie Mae and Bank of America has come under Congressional scrutiny in recent days as new details have…
Business
UK Banks Use Libor Probe to Lobby for Consumer Account Fees
LONDON — The recent Libor rate-fixing scandal that rocked financial sectors of Europe earlier this month has resulted not in a…