Banking
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Banks cheated veterans with fees, lawsuit claims
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Several major banks and mortgage companies bilked military veterans and taxpayers out of hundreds of millions of dollars, a lawsuit claims.
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Fannie Mae knew of robo-signing, says Gov't report
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Mortgage giant Fannie Mae knew about allegations of improper foreclosure practices but did nothing to stop them, a watchdog says.
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Citibank ups fees, tweaks checking account rules
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After Bank of American announced it would begin charging its customers for using their debit cars, Citibank told customers it will also increase fees for checking accounts.
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Bank of America adds debit card fees
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Bank of America is the latest bank to announce debit card fees for customers, set to being rolling out next year at the largest U.S. bank.
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Oswald Gruebel, UBS CEO, resigns over rogue trading loss
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UBS chief executive Oswald Gruebel has resigned over a $2.3 billion rogue trading loss, the bank said Saturday.
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Moody's downgrades Wells Fargo, Bank of America, Citigroup
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The service lowered debt ratings for Bank of America, Wells Fargo and Citigroup, saying it is now less likely that the U.S. government would step in and prevent the lenders from failing in a crisis.
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Feds sue big banks over risky mortgage investments
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The government on Friday sued 17 financial firms for selling Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing market collapsed.
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Government suing banks over mortgage sales
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The U.S. government is planning to sue some of the country's largest banks over mortgage-backed securities they sold that lost value in the housing market collapse.
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Wells Fargo to test $3 debit card fee
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Wells Fargo plans to test a $3 monthly fee for its debit cards starting this fall.
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Rash of bank robberies in Northern Virginia
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It seems there is a sudden spike in bank robberies in Northern Virginia, with 20 cases since June.
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Catherine Kissick, former Colonial Bank executive, sentenced to 8 years in prison
CommentWhen Colonial Bank collapsed, it was the sixth largest bank failure in the U.S. A former bank executive was sentenced Friday for her role in a $3 billion fraud scheme that helped topple the bank.
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Citibank customers' information stolen as computer systems breached
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The New York bank said Thursday that about 200,000 Citibank credit card customers in North America had their names, account numbers and email addresses stolen.
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Cell phone, e-mail money transfers launching mobile money transfer system
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ClearXchange is an attempt by the banks to retain fee-weary customers who have embraced alternatives such as prepaid debit cards and eBay Inc.'s PayPal service.
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