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Thursday, March 15, 2012

Reuters Money: Bank customers shouldn't stress over stress tests

Reuters » Money 2012

03/15/2012

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Bank customers shouldn't stress over stress tests

NEW YORK (Reuters) - Bank customers shouldn't stress out over the latest U.S. bank stress test results.

In wake of scandals, list highlights ethical firms

(Reuters) - After a wave of scandals including wrongful foreclosures on home mortgages, worker suicides at a major Apple Inc supplier in China and the $1.7 billion accounting fraud at Japan's Olympus Corp, a New York think tank is calling out companies that take the high road.

The 'long-term greedy' canard: James Saft

(Reuters) - Nostalgia for the era when bankers were "long-term greedy" is a red herring, misdirecting our attention to how banks govern themselves when the true issue is how they are governed.

Going after banks post-stress tests

NEW YORK (Reuters) - In the carnage of the U.S. financial crisis, a familiar refrain echoed throughout Wall Street as the stock market tried to recover: "The market needs the banks for a healthy rally."

Whistleblowers reap millions in U.S. mortgage suits

(Reuters) - Troubled homeowners are not the only ones set to get a financial lift from the U.S. government's $25 billion landmark mortgage settlement.

NY Mets owners lose ruling on key Madoff issue

(Reuters) - Owners of the cash-strapped New York Mets baseball team lost a key ruling ahead of a federal trial over whether they should return $303 million because they turned a blind eye to Bernard Madoff's fraud.

Why investors still fear stocks

(Reuters) - By all accounts, investors have enjoyed a terrific start to 2012. Stocks had their best January in 15 years, and the Dow Jones Industrial Average raced to multi-year highs, topping 13,000 at the end of February.

Using two plans helps workers save: study

NEW YORK (Reuters) - Americans often view saving for retirement as a choice between contributing to a workplace 401(k) plan or funding an IRA, even though the majority of people are allowed to contribute to both at the same time.

Trading volumes jump in February at discount brokers

(Reuters) - The brokerage units of Charles Schwab Corp and E*Trade Financial reported increased levels of both trading volumes and asset levels in February as retail investors reacted to rising equity markets.

Two Swiss financial advisers indicted in U.S.

(Reuters) - Posecutors in New York on Wednesday indicted two Swiss financial advisers, one a former private banker at financial giant UBS AG, on charges of conspiring to help wealthy Americans hide $267 million in secret bank accounts.