Edition:
United States

Peter Rudegeair

Renewal of U.S. government home refinance program unlikely: Watt

Mar 05 2015

WASHINGTON A top U.S. housing official on Thursday said it was "highly unlikely" that a popular government home refinance program designed to help underwater borrowers would be renewed after it expires at the end of this year.

U.S. banks plead for more tailored approach to Fed stress tests

Mar 05 2015

NEW YORK When U.S. auto lender Ally Financial Inc failed a key regulatory test two years ago, its executives were surprised to learn that the main reason was that the Federal Reserve treated loans to car dealers just like riskier credit to energy producers or manufacturers.

US banks plead for more tailored approach to Fed stress tests

Mar 05 2015

NEW YORK, March 5 When U.S. auto lender Ally Financial Inc failed a key regulatory test two years ago, its executives were surprised to learn that the main reason was that the Federal Reserve treated loans to car dealers just like riskier credit to energy producers or manufacturers.

Santander Consumer USA to pay $9.35 million settlement over repossessed cars

Feb 25 2015

WASHINGTON Santander Consumer USA Holdings Inc will pay at least $9.35 million to resolve charges that it improperly repossessed the cars of members of the U.S. military, the U.S. Department of Justice said on Wednesday.

Santander Consumer USA to pay $9.35 mln settlement over repossessed cars

Feb 25 2015

WASHINGTON Santander Consumer USA Holdings Inc will pay at least $9.35 million to resolve charges that it improperly repossessed the cars of members of the U.S. military, the U.S. Department of Justice said on Wednesday.

JPMorgan eyes $1.4 billion in cost savings in 2015

Feb 25 2015

NEW YORK JPMorgan Chase & Co said on Tuesday it aims to save about $1.4 billion in annual expenses, mainly in consumer and investment banking, as a proposed government requirement to hold more capital is expected to pinch profits. | Video

JPMorgan eyes $1.4 billion in cost savings in 2015

Feb 24 2015

NEW YORK JPMorgan Chase & Co said on Tuesday it aims to save about $1.4 billion in annual expenses, mainly in consumer and investment banking, as a proposed government requirement to hold more capital is expected to pinch profits.

JPMorgan eyes $1.4 billion in cost savings in 2015

Feb 24 2015

NEW YORK JPMorgan Chase & Co said on Tuesday it aims to save about $1.4 billion in annual expenses, mainly in consumer and investment banking, as a proposed government requirement to hold more capital is expected to pinch profits.

U.S. Justice Dept questions JPMorgan over auto lending practices

Feb 24 2015

NEW YORK JPMorgan Chase & Co said on Tuesday the bank has been questioned by the U.S. Department of Justice over auto lending practices that possibly resulted in discrimination.

U.S. Justice Dept questions JPMorgan over auto lending practices

Feb 24 2015

NEW YORK JPMorgan Chase & Co said on Tuesday the bank has been questioned by the U.S. Department of Justice over auto lending practices that possibly resulted in discrimination.

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