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Watchdog targets bans on class actions

12 minutes agoHealth : Booster Shots

Contracts that prevent consumers from filing class-action lawsuits against banks could soon be illegal under new rules to be proposed Thursday by the Consumer Financial Protection Bureau. The centerpiece of the proposal — more than a year in the making and fiercely opposed by the finance industry...

Bangladesh Bank officials say to meet NY Fed, SWIFT; seek to recover stolen money

By Sanjeev Miglani and Serajul Quadir DHAKA (Reuters) - Bangladesh's central bank chief will meet the head of the Federal Reserve Bank of New York and a senior executive from global financial messaging service SWIFT next week to seek the recovery of about $81 million stolen by hackers, officials in Dhaka said. Show More Summary

B – New Banking Service “Designed By Customers For Customers”

B, a new digital banking service, is set to challenge traditional banking services by aiming to transform the way its customers manage their money. B – New Banking Service “Designed By Customers For Customers” was originally published at Money Watch a UK personal finance blog. Sign up to our RSS feed and follow us on Twitter.

Bank Tightening Suggests Layoffs Ahead

Here is a chart of bank tightening to small, medium, and large firms, which, as we reported on Monday, shows that banks are now the tightest they've been since recovering from the 2008 financial crisis. It leads the ADP report by about 4 months and suggests that US employment...

Millions of email names, passwords hacked in giant data breach, report says

More than 250 million email usernames and passwords have been breached and are being used by "Russia's criminal underworld," according to a Reuters report.  SEE ALSO: Biggest-ever U.S. data breach hits 100 million people with bank accounts Hold...Show More Summary

The retail industry is transforming — but not the way you think it is

There's a major shift underway in the retail industry, but it may not be the one you think. Goldman Sachs' global cohead of consumer retail and healthcare banking, Kathy Elsesser, described the impacts of e-commerce on the sector onShow More Summary

Hedge funds are shaking up the companies behind the brands you know and love

Activist investors have their sights set on household consumer names. That's according to Goldman Sachs' global co head of consumer retail and healthcare banking, Kathy Elsesser. She spoke about activist investors, who take stakes in...Show More Summary

They're Bringing Back Feudalism... And Nobody Seems To Notice

Submitted by Nick Giambruno via, You’ve likely heard that unknown hackers recently attacked Mossack Fonseca, a law firm in Panama that helps people set up offshore companies and bank accounts. They later leaked 11.5...Show More Summary

Best cheap cases for Galaxy S7 edge

Protecting your phone doesn't have to mean you break the bank Purchasing a Samsung Galaxy S7 edge may have you already looking at your bank account with tears in your eyes. If that's the case the most important protection for your phone...Show More Summary

Feds indict cop, alleged members of Gangster Disciples

4 hours agoNews / Crime : Crimesider

Four dozen people are accused of a variety of crimes, including drug trafficking, robbery, carjacking, extortion, wire fraud, credit card fraud, insurance fraud and bank fraud

BigLaw Money Report: Which Firms Are Making Bank?

Even though there has been a palpable change in the mood as to the continued viability of the large law firm model, BigLaw still is a crowd-drawer. Consumers and practitioners alike are always interested the latest on BigLaw scandals, career prospects, and money reports. Well, this time it's money. This year,......

Alexander Hamilton: Father of American Banking and American Burnout

On Tuesday, the musical Hamilton was nominated for a record 16 Tony awards. And three weeks ago, its creator and star, Lin-Manuel Miranda, won the Pulitzer Prize. And it's all, of course, richly deserved -- Hamilton is everything the...Show More Summary

Kid from Flight of the Navigator has robbed a bank

4 hours agoTechnology / Gadgets :

Looks like Joey Cramer is in trouble with the law. Again. The child actor, now 42, was arrested on May 1st after the Royal Canadian Mounted Police linked him to a small town bank […]

500-Euro Note to Be Phased Out, Limiting How Much Money Bad Guys Can Stuff Into a Suitcase

The 500-euro note, the bill of choice for many criminals looking to transfer large amounts of money without the authorities knowing, is being eliminated. The European Central Bank announced today that it’s phasing out the bill to help fight terrorists, drug dealers, and money launderers who preferred the bill because ... More »

Not so safe: Security software can put computers at risk

Montreal, May 4, 2016 -- Is the antivirus program running on your computer really making your computers safer to use, say, for online banking? Is the parental control software you bought to keep your 13-year-old off porn sites transparent for the overall safety of your computer? Probably not. Show More Summary

Britney Spears, Donald Trump, GIFs and Your Bank Account: Today’s Recommended Reading

Here at Flavorwire, we pride ourselves on not only writing some of the best content on the internet, but keeping an eye on all of the great writing that other folks on the ‘net are doing, too. Today we have stories about Donald Trump defeating the GOP and Britney Spears’ mental health, as well as […]

Three Trading Products You Didn't Know About

A lot has been said about financial technologies and their growth over the last few years. Financial services are undergoing quite a transformation and a lot of it is happening in the payments, lending, and banking sectors. And while...Show More Summary

Europe to Remove 500-Euro Bill, the ‘Bin Laden’ Bank Note Criminals Love

Though the effort has been portrayed as a blow to corruption and organized crime, some critics say it is as an infringement on personal freedom and a stealthy tool of monetary policy.

Breakingviews: Credit Suisse’s Credibility Is Hurt in Deal

While the Swiss bank didn’t lose much financially by delaying a sale of distressed credit, its handling of the matter raises questions.

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