banking regulation

Bank of America learned pretty quickly last month that customers think $5 a month is too much to pay to use a debit card. But is there such a thing as a reasonable bank fee? One in three people say they're prepared to walk away from their financial institution to avoid a fee, a new survey reveals.

Bank of America (BAC) said talks will continue with bondholders who are demanding it buy back securities backed by billions of dollars of bad mortgages. Bank of America has been in talks with investors including Pacific Investment Management Co (Pimco), BlackRock Inc (BLK) and the Federal Reserve...

The Federal Deposit Insurance Corp sued 11 former executives and directors of a failed bank as it works to recover as much as $2 billion suffered by one of its funds during the financial crisis. The FDIC filed the lawsuit in the U.S. District Court of Chicago, Reuters reported. It accuses former...

Bank of America (BAC) may introduce a tiered fee structure modeled on mobile phone service contracts. Under the proposed scheme, the bank would reward customers who maintain minimum current account balances, use their credit card a certain number of times each month, or do all their banking...

"It felt like the world was on fire," recalls financial writer Andrew Ross Sorkin, whose book Too Big To Fail covers the crisis at its peak. In an interview, he discusses the meltdown, its aftermath, the quest for power on Wall Street and why more regulation is still needed.

U.S. regulators used "flawed information" when they decided not to extend the kind of aid to Lehman Brothers that later went to other financial institutions, according to prepared remarks that the bank's former CEO Richard Fuld will deliver before the Congressional Financial Crisis Inquiry...

Obama wants European governments to keep spending to stave off an economic slowdown. Europe, particularly Germany, doesn't want to hear about it. Expect a fractious debate at the Toronto summit meeting of G-20 industrial countries this weekend.

Beginning July 1 for new bank accounts and August 15 for existing ones, banks will now have to offer you the option of enrolling in overdraft protection programs. In other words, they'll have to ask for your permission before they slap you with a $30 fee if you overdraw on your debit card for a $4...

With new laws clamping down on some credit card and account fees, banks are likely to find other ways to offset the lost income. Among the possibilities: Hefty increases in annual credit card fees or an end to free checking.

One of the key questions facing Congress as it labors to reconcile the House and Senate bills is this: Three years after the financial crisis began, how much risk should America's banks be allowed to take? Not surprisingly, opinions differ greatly.