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Banco Santander SA bought a portfolio of U.S. car loans from HSBC for $4 billion![]() According to a Bloomberg report, Banco Santander SA, Spain’s biggest lender, bought a portfolio of U.S. car loans from HSBC Holdings Plc for $4 billion. The loans, which have a face value of $4.3 bil... |
Financial Reform Bill - Act 2Unintended consequences of the Dodd-Frank Financial Reform Bill will take months, if not years, to straighten out. In its haste to punish “Wall Street” Congress rushed through a bill that was poorly ... |
Financial Reform: starting from scratch![]() For Simona De Feo and Edmundo Llopis, from the management consulting firm Sentaire partners, believe that the Kanjorski Amendment is one of the most crucial elements of the Financial Reform legislatio... |
Frequent flyers could pay even more for ‘free’ flights later this year![]() Frequent flyers who collect air miles could pay more for so-called ‘free’ flights later this year. The only free part is what the airline deems the basic fare. A return flight using Virgin Atlantic F... |
Xavier Serbia on the creation of the Agency for Consumer Protection![]() In an interview with Mercado de Dinero USA Xavier Serbia, a renowned financial specialist discusses the flaws of the financial reform, stating that the focus should be on financial education. -MDUSA:... |
Is your institution managing fraud effectively?![]() It is important to note that today’s “Fraudsters” are extremely sophisticated, well organized and global -- the rewards are increasing while the risks of apprehension diminish. Fraud is becoming a sig... |
Good news: Employment Gains Signal Upward Potential![]() The Conference Board’s Chief economist Bart Van Ark said that “this economic recovery can no longer be seen as a jobless one”. The organization released Van Ark’s statement after April reports showed... |
Controversy heats up after health law enactment![]() While the U.S. President Barack Obama said as he signed the health reform March 23 that it comes after “generations” of American fought hard for it, many groups fear it will just push health costs hig... |