Dell Inc. deceived customers in a massive "bait
and switch" scheme to increase sales of its computer and electronic
products, a
State Attorney General Andrew Cuomo sued Dell in 2007
on behalf of hundreds of customers who claimed that the electronics company
lured them into buying products with promises of attractive deals and
promotions.
NON-bank
lender Resi Mortgage Corporation says the banks have misrepresented the true
impact of the global credit crisis after a third big lender increased rates on
home loans.
As
People
receive much-needed food aid in an Irrawaddy Delta village destroyed by the
cyclone.
Citigroup Inc. will close two of its British personal
loan operations and could cut more than 650 jobs, the embattled banking giant
said Monday.
Barclays has revealed that its investment banking unit
lost £1 billion ($1.94 billion) in the first quarter of 2008 due to
credit-market turbulence, but the British bank surprised some analysts by not
announcing a rights issue as some of its peers have.
The FBI is searching for a serial bank robber who
investigators are calling "Prada Man," Darcy Spencer reported First
On 4.
The man, who wears designer sunglasses, has robbed
Navy Federal Credit Union locations in
A
survey has found banks collected nearly $11 billion in fees in the last
financial year.
The Royal Bank of
The folks at Social Media Today have posted a paper
online entitled "Social Media and the Banking Industry" that contains
some interesting findings and observations about the "new social
media" and banks. First, and foremost, most banks don't "get
it." At least other than Wells Fargo, which appears to be leading the pack
by eight furlongs when it comes to understanding the use of blogs and wikis
internally, although Deutsche Bank appears to be making strides. Most bankers
apparently wouldn't know a wiki from a wombat or a blog from a bog.
Most
people do not want to pay a monthly charge for using their bank account even if
it means a fairer banking system without unfair overdraft fees.
