New York’s attorney general has pressured Chase Bank into ending what he said was an “illegal” $10 monthly fee imposed on thousands of credit card accounts last November.
China Construction Bank , the world’s second-largest lender by market value, said on Monday it would be “reasonable” for major shareholder Bank of America to reduce its stake to 10 percent.
Bank stocks retreated Monday amid fresh concerns that financial firms will need additional capital to weather the ongoing credit crisis and recession.
Bank stocks retreated Monday amid fresh concerns that financial firms will need additional capital to weather the ongoing credit crisis and recession.
Credit Suisse downgraded the insurance and financial-services company.