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USA Banking System - Page 3

Holder asks for review of individual bankers' roles in financial crisis

Attorney General Eric Holder announced Tuesday that he has instructed federal prosecutors across the country to review the actions of individual bank officials for possible criminal or civil charges. Ref. USAToday

System Banking USA

Fed cites Bank of America for stress test 'deficiencies,' gets conditional OK; other major U.S. Banks pass

Fed rejects plans for Germany's Deutsche Bank and Spain's Santander. Bank of America, the nation's second largest bank, has to fix the deficiencies spotted by the Fed and submit its capital spending plan in September. Ref. USAToday

USA Banking System History & Civil Business Politics

Wall Street banks launch massive buybacks, boost dividends after passing Fed stress tests

Planned buybacks announced include: Citigroup, $7.8 billion; JPMorgan Chase, $6.4 billion; Morgan Stanley, $3.1 billion. Ref. Source 9

Page 3 System Banking USA

How to avoid wasting money on fees: Learn these cash-saving strategies

Americans waste billions of dollars on fees and charges. Here are some cash-saving strategies. Ref. Source 5w

System Banking USA

Banks hired risk officers to mitigate risk in years before collapse. It didn't go so well. A significant number of national and international American banks hired new Chief Risk Officers to mitigate risk but may have actually helped lead the industry into widespread insolvency, new research suggests. Source 2z.

USA Banking System

Biden calls on Congress to impose tougher penalties for bank failures. President Joe Biden asked Congress to expand the government's ability to hold executives accountable for bank collapses, saying he doesn't have the authority he needs to respond to the recent failures at Silicon Valley Bank and Signature Bank. Source 3n.