August 21 (Fitch) The USD300m settlement between Standard Chartered (SC) and the New York Department of Financial Services ( DFS ), announced on 19 August, again highlights operational and regulatory risks for the bank, says Fitch Ratings. SC's agreement
OTCPK:SCBFF -0.4% ) paid a combined $667M to federal and state authorities over similar charges. At issue today, says DFS boss Ben Lawsky, is StanChart's failure to remediate the its problems as required by the 2012 settlement. As part of this
By Ashleigh Rogers : Capital One Financial (NYSE: COF ) is probably best known by consumers for their often hilarious credit card commercials, but the ~$45B market cap company actually offers a pretty wide array of consumer and commercial lending services. The company is today about the sixth ...
By Ashleigh Rogers : I first wrote about Springleaf Holdings (NYSE: LEAF ) last February. Since that time, not a lot happened with the stock as LEAF continued to execute on its overall business strategy, and the share price didn't go much of anywhere. Then Springleaf reported 2Q earnings, and the
By Dana Blankenhorn : A lot of people are misunderstanding Amazon.com's (NASDAQ: AMZN ) move to offer credit card readers and services as Amazon Local Register. They think it's going into transaction processing. They worry about their holdings in companies like Visa (NYSE: V ) and Mastercard (NYSE:
America (NYSE: BAC ), and even regional banks like Regions Financial (NYSE: RF ). This leaves Discover Financial Services (NYSE: DFS ) under-appreciated by the markets despite the firm's exposure to secular growth in credit cards
The insurer "has an active primary regulator carefully monitoring the conditions of the firm," New York DFS boss Ben Lawsky tells the Financial Stability Oversight Council as that group prepares to likely slap a "systemically important
By SA Editor Miriam Metzinger : Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Monday August 4. 4 Charts with Fangs: Google (NASDAQ: GOOG ), (NASDAQ: GOOGL ), Facebook (NASDAQ: FB ), Amazon (NASDAQ: AMZN ), Netflix (NASDAQ: NFLX ) Cramer discussed with technical ...
It's more declines for the "Ocwen complex" as New York DFS boss Ben Lawsky sends a letter to Ocwen Financial ( OCN -2.8% ) about a "troubling transaction" with Altisource Portfolio
at the year-to-date performance of Discover Financial Services (NYSE: DFS ) and its competitors in the consumer credit ..... focus on what the future holds for them. Discover Financial Services is a direct banking and financial services