Casino banking: creating risk and gambling on it


Casino banking: creating risk and gambling on it

Banks have proven time and time again that they can't control derivatives trading, says the ABC's financial presenter Alan Kohler.

Auto loan terms continue to loosen for all buyers

For car buyers seeking auto loans, happy days are here again. U.S. banks and auto finance companies are once again welcoming all kinds of customers, even those with less-than-stellar credit.

Getting A Car Loan Is Now Easier, Even For Subprime Borrowers

DETROIT — For car buyers seeking auto loans, happy days are here again. U.S. banks and auto finance companies are once again welcoming all kinds of customers, even those with less-than-stellar credit.

Analysis: Eurozone bank debts edge bondholders towards losses

BRUSSELS – The weight of debt on Europe's banks means it is only a matter of time before euro zone governments impose losses on senior bank bondholders, analysts believe, although policymakers remain nervous about taking such a radical step.

Asda looks to cash in on finance market with new brand launch

THE retail sector’s drive to win business from Britain’s battered banks continued yesterday with the launch of a new personal finance brand.

By Pallavi Gogolap The Associated Press

NEW YORK When a major bank's credit rating is cut, it deals a psychological blow to customers, the public and financial markets. So Thursday's downgrading of 15 of the world's largest banks is almost sure to cause wide concern.

Remaining Jackson brothers going on tour

Fifteen of the worlds most famous banks have gotten a downgrade. Downgrades could hurt people in smaller ways Banks may jack up fees and might be reluctant to lend, which could affect mortgages, credit cards and even the job market.Service that used to…

Bank of NZ done issuing covered bonds for now; funding issues loom for lenders

Bank of New Zealand, the biggest issuer of covered bonds among the nation's banks, says it is done selling the debt for now and may not return to the market for two years.

Banks, law enforcement warn about growing trend of identity theft, fraud

Out of the blue, strangers started to call an Allegan County woman to demand the delivery of gift cards they thought she had sold them on eBay.

Despite rally, banks expect lower earnings

Spring cleaning arrived early for big U.S. banks this year.