On Friday, the Dutch Supreme Court announced its long-awaited ruling on the sale of LaSalle Bank, the U.S. subsidiary of ABN Amro, to Bank of America, saying the transaction did not require shareholder approval and could go ahead.
Morgan Chase was grilled on national television last year in the Senate's Enron hearings, which failed to uncover a smoking gun at the bank or force it to restate a single transaction.
One classic cultural success is the example of Bankers Trust, where Alfred Brittain and Charlie Sanford formed a team that changed the corporate culture from that of a traditional commercial bank, highly valuing a measured pace of decision making, to that of a more transaction-oriented global merchant bank, emphasizing fast reactions, state-of-the-art communications, and sophisticated controls.
On top of that, criminals could use the same method to fool the terminal into thinking a transaction was bank-approved, allowing them to walk out of a store with goods they hadn't paid for.
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Rather than bringing criminal charges based on a specific underlying transaction in which a bank or other financial institution failed to file a Currency Transaction Report or Suspicious Activity Report, federal prosecutors are charging financial institutions with an overall failure to maintain an effective program to prevent money laundering.
Capital One was the first bank to issue credit cards without foreign transaction fees.
The Reserve Bank is due to release foreign-currency transaction data for April later this month, and some analysts say the intervention may have gathered pace again.
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However, the Central Bank hands back its surplus income to the Irish Exchequer, so these interest payments can be considered a circular transaction in which interest is handed over to the Central Bank to eventually be handed back to the Irish government.
Labour backbencher John McDonnell urged ministers to review the possibility of incorporating a bank financial transaction tax within the bank levy.
Goldman says one of the investors in the deal, the German bank IKB, had made inquiries that led to the transaction known as Abacus.
Deutsche Bank also provided financial advice to SoftBank in connection with this transaction.
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Are you guys ruling out any sort of transaction, tax, or bank fee as a way to lower the deficit?
Bank examiners start to ask bankers: Why do you have so many highly leveraged transaction loans?
Bank of America announced on Wednesday that it plans to deny any debit-card transaction that will result in a customer overdrawing his account.
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Anyone who wants to compete in these areas has to face the fact that almost every transaction ends with a payment into a bank account.
If someone makes a fraudulent charge to your credit card, you can dispute the transaction and in most cases the bank or the merchant, not the customer, will cover the cost.
The EUR weakness could be brief, as the European Central Bank (ECB) will be quick to react to calm the markets through the outright monetary transaction (OMT) or the emergency liquidity assistance (ELA) programs.
The agency characterized the transaction as being done on an "open bank basis, " with no risk to the deposit insurance fund.
Overall they are detrimental to global payments innovation and they reinforce the paradigm of declining transaction anonymity coupled with increasing bank fees and restricted merchant segments.
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The Securities and Exchange Commission has targeted Bank of America for its communications (or lack thereof) to shareholders around the time the Merrill transaction was being completed.
With transaction fees set at levels similar to those currently charged by technology firms, Bank of America is no doubt looking to gain a strong footing in the payments market with this new offering.
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Amid the bad publicity and a drought of bank lending, the industry's transaction volume fell by 95% from the peak in 2006 to the trough in 2010.
If you got a bonus or sold a house and deposited the proceeds, the bank would flag the transaction as out of your normal pattern of banking, and you might have to answer questions from federal authorities.
If someone makes a fraudulent transaction with your credit card or your bank goes belly-up, there are laws in place to limit consumer losses.
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