Capital One to Refund $150M to Customers to Settle Case
The new Consumer Financial Protection Bureau announced its first enforcement action today, with Capital One Bank paying $210 million to settle charges that it deceived credit card customers into buying...
One World Trade Center More Than Half Leased
NEW YORK -- The U.S. government has agreed to lease six floors of 1 World Trade Center, which ensures that at least half the tower will have paying tenants...
HSBC Compliance Chief, David Bagely, Steps Down amid Mexican Drug Cartel Scandal
WASHINGTON -- The chief compliance officer of Britain's HSBC says he is stepping down from that position after an investigation found that lax controls at the international bank allowed...
Discount Clothing Retailer Daffy’s to Liquidate
NEW YORK – Daffy's Inc., which sells national fashion brands at up to 80 percent off, is going out of business, a victim of a fiercely competitive landscape that...
Microsoft Abandons MSNBC.com after 16 Years Over Fears news site was Becoming too Left-Wing
Microsoft is pulling out of the joint venture that owned MSNBC.com, freeing the world's largest software maker to build its own online news service.
One of the factors behind the...
Israel’s Richest Rabbis Become Savvy Businessmen
NETIVOT, Israel – One summer night, on the outskirts of a sleepy desert town, a who's who of Israel's elite gathered for an annual feast to honor a rabbi...
A Chase Customer with Alzheimer’s Accuses Bank of Stealing Over $100,000
A Louisiana man with Alzheimer's disease has filed a lawsuit against JPMorgan Chase, claiming an employee stole over $100,000 from his accounts and the bank refuses to give it...
A Man Walks into a Bank… and Pays off his Mortgage with 62,000 Pennies
Some people say they are redundant coins but one Massachusetts man proved that a penny can still go a long way - if you have enough of them, that...