Archive for July, 2010

Britain gets first new bank in 100 years

Britain’s first new bank in 100 years, Metro Bank, opened its first branch to the public. (17 mins ago)

India’s Banga Brothers

Ajay, the younger, takes charge at MasterCard, but the business world may not have heard the last of Vindi. (22 mins ago)

Wells Fargo’s Stumpf Sees New Costs for Customers

Wells Fargo & Co. Chief Executive Officer John Stumpf said customers, not just the bank, will bear the financial burden for U.S. regulations that cover services ranging from home loans to credit cards. (21 mins ago)

You Got a Job Now What?

A new job after lengthy unemployment does not automatically guarantee personal finance success. (13 mins ago)

Have I got a deal for you

He was spotted around Sydney in a red Mini Cooper and later seen flogging credit cards without a work visa. (11 mins ago)

Google Android Market Getting Carrier Billing Options

Google’s Android Market is getting payment options for wireless carriers, the company said July 23. This will allow consumers to buy applications from the Android Market and charge them to their wireless bills. (16 mins ago)

FDIC declares Williamsburg First National Bank unsound,? acquired by First Citizens

KINGSTREE First Citizens Bank and Trust Co. Inc., a wholly-owned subsidiary of First Citizens Bancorp. Inc., acquired the banking operations of Williamsburg First National Bank from the FDIC, effective July 23 according to a press release issued Friday. (10 mins ago)

Great credit card rip-off: banks cash in with interest

Credit card providers are raking in almost $90 million in interest payments every month by ignoring the movements of the Reserve Bank on official rates. (9 mins ago)

Amex Exceeds Estimates

AXP reported its second-quarter income from continuing operations of $1.0 billion or 84 cents per share, ahead of the Zacks Consensus Estimate of 78 cents. (2 hours ago)

Wells Fargo profits up as bad loans ease

Wells Fargo & Co. on Wednesday said its second’quarter profit rose 12 percent, and the results show signs that bad loans are easing. (5 mins ago)