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(27 November 2009 – USA) The US Federal Deposit Insurance Corp. (FDIC) has released its third quarter update detailing the level of expiring and past-due loans; and a still shaky financial future.
(27 November 2009 – USA) Citigroup’s eighth quarterly mortgage data report reveals the ongoing success of its foreclosure prevention program; enabling 130,000 distressed home owners to remain in their homes in the current quarter alone.
(24 November 2009 – USA) A report released by the US Government Accountability Office (GAO) has caused more controversy in the payments arena over interchange fees.
(18 November 2009 – USA) A new Visa centre located in the Eastern US has been opened to support multiple authorisation engines and process hundreds of millions of transactions each day.
(16 November 2009 – USA) US economists expect the Federal Reserve to not raise interest rates until around September 2010.
(12 November 2009 – USA) Eight Eastern Europeans have been indicted by the US federal grand jury, accused of stealing US$9 million (A$9.6 million) in 12 hours, by hacking into the computer network of Royal Bank of Scotland WorldPay.
(10 November 2009 – USA) JPMorgan Chase, director, Jon Donnelly, has sent out an internal memo defrosting the salary freeze put in place last year on employees earning over US$60,000 (A$64,000).
(9 November 2009 – USA) Lloyd Blankfein, chief executive officer, Goldman Sachs, believes banks are helping companies create wealth and are just ‘doing God’s work’.
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