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Tag Archives: FDIC

Amex paying $112.5M in late-fee settlements

WASHINGTON — American Express is paying $112.5 million in refunds and fines to settle regulators’ accusations that it charged unlawful late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services. The ...

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Feds order Discover to refund $200M to cardholders

WASHINGTON — Discover Bank will pay millions in fees to settle accusations by regulators that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring. Discover, the sixth-biggest U.S. credit card issuer, will pay ...

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U.S. bank earnings rose this winter to 5-year high

WASHINGTON — U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter. The mostly positive first-quarter earnings released ...

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Big banks must show break-up plans under new rule

WASHINGTON — The largest U.S. banks must show how they would break up their assets if they were in danger of failing, under a rule approved Tuesday. The Federal Deposit Insurance Corp. voted to require banks with $50 billion or ...

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Joe Conroy: ‘Bucket’ strategy can help you stay ahead (access required)

With all of the market volatility recently, where can investors go to make sure they keep their investments safe? All the news surrounding potential European defaults and America’s debt crisis is leaving investors scared for their portfolios, and rightfully so. ...

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M&T’s third-quarter profit falls on integration expense

BUFFALO, N.Y. — M&T Bank Corp. said Wednesday that its third-quarter profit fell in part due to the costs of integrating the recently acquired Wilmington Trust Corp. into its operations. Even without the integration costs, its results missed Wall Street ...

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