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(17 March 2010 – USA) Lehman Brothers Holdings Inc has set the stage for a comeback, filing a reorganisation plan with the US bankruptcy court.
(15 March 2010 – USA) The Bank of America is embarrassed over an incident where a Pittsburgh woman came home to find she had been the victim of an accidental foreclosure.
(10 March 2010 – USA) As a result of the Heartland Payment Systems' data breach that occurred in 2008, over 5000 customers at a US bank have had their cards blocked from being used in stores.
(8 March 2010 – USA) AIG’s Federal Savings Bank and Wilmington Finance Incorporated has settled charges brought against them over discriminating against black people when providing home loans and has agreed to pay at least US$7.1 million (A$) in restitution and education efforts.
(8 March 2010 – USA) The Congressional Oversight Panel, an independent watchdog overseeing the US financial bailout, has questioned Citigroup’s chief, Vikram Pandit, and the assistant treasurer secretary, Herbert Allison, over the US$45 billion (A$ 49.9 billion) bailout the bank received during the financial crisis.
(1 March 2010 – USA) A study by the Department of Consumer Affairs’ (DCA), Office of Financial Empowerment (OFE) indicated that 13 percent of New York households are lacking a bank or credit union account.
(24 February 2010 – USA) Credit Suisse reportedly offered Goldman Sachs money manager, David Greene, a US$10 million (A$11.12 million) pay increase to join the Swiss investment bank, according to Wall Street Journal reports.
(24 February 2010 –USA) Bank of America Merrill Lynch is planning to rollout an electronic bank account management system, eBam, which will allow corporate customers to switch accounts more easily.
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