Customers who use Citibank’s iPad bill-paying app might want to pay closer attention to their bank statements: A technological glitch recently caused the app to charge an undisclosed number of customers twice for bank payments. As early as last summer, Citibank received anonymous complaints, sent to the Apple App Store, about the double charges, according [...]
DUBAI, United Arab Emirates — Saudi billionaire Prince Alwaleed bin Talal and his investment company said Monday they are investing a combined $300 million into Twitter, giving the microblogging site a cash boost as it looks to entice more users and paying advertisers. The joint investment with Alwaleed’s Kingdom Holding Co. follows months of negotiations [...]
Citibank will charge some customers up to $20 per month for low account balances starting later this year, according to a report in the Los Angeles Times Starting in December, the bank will charge customers of its Easy Checking Package, previously a free service, $15 per month if an account’s checking and saving balance does not total a [...]
In the wake of the financial crisis, a number of the nation’s largest banks were excused from the government’s rescue program before they had returned to a position of complete financial security — in part because they wanted to avoid restrictions on how much their executives would get paid, according to a new report from [...]
NEW YORK — Kentucky Attorney General Jack Conway has added his name to a list of state law enforcers who fear that a settlement being negotiated among government officials and big banks isn’t backed by a sufficient investigation into potential wrongdoing. As law enforcers approach a deal with banks to settle allegations that the companies [...]
Rochdale Securities’ analyst Richard Bove said fears of a possible impact of a European debt crisis on U.S. banks were overblown, with only Citigroup and JP Morgan Chase having a significant exposure to the crisis. “Assuming some relatively worse case developments, it appears that Citigroup and JP Morgan Chase are at risk to the developments [...]
Big U.S. banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal that may limit their legal liabilities in return for a multibillion-dollar payment, the Financial Times reported on Tuesday. The talks aim to settle allegations that banks including Bank of America, JPMorgan Chase, Wells Fargo, Citigroup [...]
Sometimes public pressure really does pay off: There are signs that complaints from consumers and regulators about the lack of credit card contract transparency at banks have not fallen on deaf ears. CardHub.com recently released the results of its 2011 Credit Card Application Study. They visited the websites of the top 10 issuers, based on [...]
| © Copyright 2011. All Rights Reserved for Tambapress Advertising | Privacy Policy | Sitemap | Contact |
