Banks asked to inform customers of fund transfers

September 30th, 2009 ATM fees climbing for non-customers, study findsNEW YORK — Can't find an ATM from your bank nearby? Keep walking, unless you want to pay higher fees. An annual survey released Wednesday by Bankrate.com found the average ATM fee for non-customers rose 12.6 percent this year to $2.22.

September 25th, 2009 Bailout money for smaller banks being weighedWASHINGTON — Federal regulators and lawmakers are weighing a fresh round of bailouts for banks that were too small or too risky to qualify for earlier aid. Representatives from the Treasury Department, Federal Deposit Insurance Corp.

September 22nd, 2009 Summary Box: FDIC weighs steps to shore up fundTHE PROBLEM: The fund to insure deposits has been depleted by bank failures since the financial crisis struck. THE OPTIONS: Regulators could borrow billions from healthy banks, levy an extra fee on the industry, borrow from Treasury or collect banks' insurance premiums early.

September 6th, 2009 Kuwait fund: No plans to sell Citi, Merrill stakesDUBAI, United Arab Emirates — Kuwait's sovereign wealth fund says it has no plans to sell off the stakes it took in Citigroup and Merrill Lynch because it has faith in the U.S. banks' long-term potential.

August 21st, 2009 MUMBAI - Barely five months after the service charge on using automated teller machines (ATMs) of other banks was scrapped, it will be re-introduced if someone uses this facility more than five times a month, a high-ranking banking sector official said here Friday. The Indian Banks Association (IBA), the representative organisation of private and public sector banks in India, has proposed that instead of allowing an unlimited number of free transactions at another bank's ATM, there should be a limit of up to five free transactions a month.

August 15th, 2009 Regulators seize 1 Nevada, 2 Arizona banksPHOENIX — Two Arizona banks were declared failed institutions on Friday and were taken over by federal or state regulators. The Federal Deposit Insurance Corporation took over control of Gilbert-based Union Bank, National Association.

August 14th, 2009 Bank of America drops arbitration requirementBank of America Corp. says it will stop requiring binding arbitration to settle disputes with its credit card holders and banking customers.

July 18th, 2009 NEW DELHI - India's central bank Reserve Bank of India (RBI) has asked banks to pay account holders a compensation of Rs.100 per day if they delay in re-crediting the amount of a failed ATM transaction beyond 12 days. "It is mandatory for the banks to reimburse the customers, the amount wrongfully debited on account of failed ATM transactions within a maximum period of 12 working days," the RBI said in a notification.

July 10th, 2009 Parliament OKs German bank assets planBERLIN — A plan to allow German banks to offload bad assets into special government-guaranteed vehicles cleared its final legislative hurdle on Friday. The legislation passed the upper house of parliament, which represents Germany's 16 states, after winning approval from the lower house a week ago.

June 26th, 2009 Spain comes to banks' rescueMADRID — Spain's government on Friday unveiled a fund of up to euro90 billion ($125.46 billion) to help banks restructure and cope with the effects of recession. Finance Minister Elena Salgado told a news conference after a Cabinet meeting that the money will be used for capital injections, to help with mergers and to fund restructuring plans.

June 24th, 2009 CHANDIGARH - In the wake of increasing cases of fraud and cheating, Chandigarh Police Wednesday urged bank officials to install CCTV cameras in their branches. At a meeting with over 50 senior officials of private and nationalised banks, police officials suggested various measures to prevent frauds and robberies.

June 2nd, 2009 NCR to move headquarters to Georgia from OhioDAYTON, Ohio — NCR Corp. says it is relocating its corporate headquarters to Georgia and some of the roughly 1,250 workers at its current headquarters in Dayton will be offered transfers when the company moves.

May 5th, 2009 Treasury provides $45.5M to 7 banks from bailoutWASHINGTON — The Treasury Department said Tuesday seven more banks have been approved to participate in the government's $700 billion rescue effort, and that a Colorado mortgage company was chosen to participate in a foreclosure mitigation program. The department said the government would purchase a total of $45.5 million in preferred stock in the seven banks, bringing the total supplied through the program to $198.02 billion for more than 500 banks.

April 28th, 2009 Treasury gives $121.8M to 12 banks under bailoutWASHINGTON — The Treasury Department has approved 12 more banks to participate in the $700 billion financial rescue program. The 12 institutions will receive a total of $121.8 million, Treasury said Tuesday, with about half going to Standard Bancshares Inc.

January 20th, 2009 LONDON - Two of Britain's biggest customer-owned banks are to merge to create a new business in a streamlining effort resulting from the credit crunch, it was announced Wednesday. Co-operative Financial Services (CFS) and Britannia building society said they agreed a deal that would create a business with assets of 70 billion pounds ($97 billion), nine million customers and more than 12,000 employees at 300 branches.