2012

May

01

Fed Officials Differ in Opinion on Federal Reserve’s Refrain for More Bond Buying

Federal Reserve officials are refraining from more bond buying although unemployment rate is at 8.2 percent, because inflation is close to their 2 percent target.

2012

May

01

Federal Reserve’s Stress Test Criticizes Some U.S. Banks for Flawed Risk Models

The Federal Reserve has criticized the way some of the 19 largest U.S. banks have calculated potential losses and planned dividends in this year’s stress tests.

2012

May

01

Praxient Capital LLP Goes Live with i-Recs Reconciliation Software from Watson Wheatley Financial Systems

Praxient Capital LLP has gone live with the i-Recs Reconciliation Software from Watson Wheatley Financial Systems (WWFS).

2012

May

01

Financial Industry Regulatory Authority Fines Four Brokerages with USD 9.1 million over Sales of Exchange-Traded Funds

Financial Industry Regulatory Authority has fined Citigroup Inc, Morgan Stanley, UBS AG and Wells Fargo & Co. with USD 9.1 million for selling leveraged and inverse exchange-traded funds (ETFs) without reasonable supervision.

2012

May

01

SunGard Study Reveals 45 Percent Corporates Willing to Change Banks for Better Payments Services

Recent corporate business to business payments study released by SunGard reveals that 45 percent of respondents are willing to change their current bank for another if offered with better payments services.

2012

May

01

Gloom and Doom Predictions of Swipe Fee Reform Prove False, Agrees Douglas Kantor

While problems remain, the Durbin Amendment has significantly improved the debit market. Statistics from the Federal Reserve Board show that small and medium-sized banks and credit unions are profiting under this swipe fee reform by charging merchants to process debit-card transactions.

2012

May

02

U.S. Regulators Must Take Steps to Check Shadow Banking System - Daniel Tarullo

According to Daniel Tarullo, Federal Reserve Governor, U.S. regulators must take steps to strengthen the government oversight of money market funds and short-term bank funding markets to check the shadow banking system.

2012

May

02

European Policymakers Want European Banks to Hold More Capital to Deal with Financial Crisis

European Union Policymakers are to request the banks in Europe to maintain healthier balance sheets in the near future.

2012

May

02

Corporate Treasurers and Wealth Managers Fast Adopting Browser-based Software Over Downloadable Apps

The Ovum Consultancy has investigated the ability of tablet devices, like Apple’s iPad, to accommodate corporate treasurers' needs and wealth managers wants in a new report titled 'Tablet Adoption in Corporate Banking and Wealth Management.'

2012

May

03

Banks to Disclose Profitability Earned from Carry Trades Using European Central Bank Loan Money

Banks will be required to make public the profitability earned from carry trades making use of the USD 1.3 trillion got in European Central Bank (ECB) loans and leave out the money from bonus pools, as per draft proposals from European Union lawmakers.