Consumers’ appetite for credit will keep growing, finds FICO’s quarterly survey of U.S. and Canadian bank risk professionals.
As soon as possible, the European Union should establish a corporation that would shut down or bail out problem banks, says the International Monetary Fund.
Financial journalist Joris Luyendijk of the Guardian is ending his banking blog. As a farewell, he’s assembled the best quotes from his anonymous London sources.
Canadians have complaints about banking, but their top gripe is paying fees.
The number of bank relationships is in a state of flux, with most companies now using between two and five banking partners, creating intense industry competition, finds a survey by gtnews, a global financial information resource.
Small businesses’ overall satisfaction with their banks declined this year, according to a J.D. Power study.
Barclays Wealth will be pulling its wealth management services out of about 130 countries.
H. Ty Warner, the creator of Beanie Babies toys, has been charged with federal tax evasion for allegedly failing to report income he earned in a secret offshore financial account, says the U.S. Department of Justice.
In response to a number of regulatory probes, JPMorgan Chase's Jamie Dimon told staff the firm would be simplifying, reports the Financial Times.
New Canadians are the fastest-growing segment in the country.