2011

Apr

01

Algorithmics Launched a Guide for Dodd-Frank Act

Algorithmics, a leading provider of risk and capital management software, has published a practitioner's guide for the Dodd-Frank regulation. The guide, which is considered to be a comprehensive review of the Wall Street Reform and Consumer Protectio

2011

Apr

01

Irish Government Hoping USD 142 Billion of Financial Package to Suffice for Overcoming Financial Crisis

The Irish government is hopeful that the USD 142 billion financial plan will be sufficient to overcome the country's banking crisis. MThe Irish government has already injected Euro 46.3 billion into the financial sector. Moreover, the government has

2011

Apr

01

Federal Reserve Provided 73 Loans to Libya-Owned Bank after the Bankruptcy of Lehman brothers

Arab Banking Corporation, a Libya-owned bank had borrowed 73 loans from the Federal Reserve over a time period of 18 months following the bankruptcy of Lehman Brothers Holdings. As per the Federal Reserve documents, the bank which was 29 percent con

2011

Apr

04

Financial Services Authority, Office of Fair Trading and Financial Ombudsman Services to Work Together For Spotting Emerging Risks

The Financial Services Authority has announced the formation of a Coordination Committee which will include members from Financial Services Authority, Office of Fair Trading and Financial Ombudsman Services. This Coordination Committee will work join

2011

Apr

04

European Financial Services Industry Witnessed Strong Growth since the Northern Rock Nationalization

As per a survey conducted by the Confederation of British Industry (CBI) and PricewaterhouseCoopers (PwC), the European financial services industry has, for the first time, witnessed a strong growth third quarter in a row since the nationalization of

2011

Apr

04

Fitch Slashed the Rating of Major Irish Banks

Credit rating agency Fitch has slashed the ratings of some of the Irish banks following the recent stress tests. Fitch has downgraded the subordinated debt of Allied Irish Banks Bank of Ireland and EBS Building Society. This slashing of subordinated

2011

Apr

04

USA Small and Medium Sized Businesses Hit By Online Account Takeover Fraud

As per a survey conducted by Guardian Analytics and Ponemon Institute, almost half of USA's small and medium sized businesses have been affected by fraudster activities in the last year. Moreover, the survey report indicated that banks are not proact

2011

Apr

05

Banks Missing Opportunity by Not Approaching Their Business Customers for Direct Deposit

A recent survey conducted by NACHA revealed that financial institutions have an immense opportunity if their business customers switch to direct deposit. Almost half of the business owners surveyed by NACHA indicated that direct deposit, which is a c

2011

Apr

04

Japan Domestic and Global reinsurance Market should not Be Affected by Country's Recent Earthquake and Tsunami

According to a New York Based consultancy firm Towers Watson, the aftermath of the recent earthquake and tsunami has not affected both the capital of the Japanese insurance industry and the international reinsurance market. The Managing Director of T

2011

Apr

05

US Federal Reserve to Face Bank Lawsuit over Credit Card Transactions

Ben Bernanke, the Chairman of Federal Reserve has lost a bid against the lawsuit filed by TCF National Bank, which challenges the legitimacy of regulations intended to limit the fees that the largest U.S. banks can collect for debit card transactions