Bank of America Corp {BAC.N} is still trying to get a charge waiver from the U.S. Securities and Exchange Commission over a $16.7 billion (10.52 billion pound) settlement including bad home loans.

In the coming year, banks in the United States are most likely to replace debit or bank card with versions that have tiny computer chips embedded in them, a move aimed at making buying in store more protected.

Bank of America downgraded shares of Santander Consumer UNITED STATE Holdings (NYSE: SC) from a buy rating to a neutral rating in a report issued on Wednesday. They presently have $19.00 target price on the stock, down from their previous target price of $24.00.

US investment Bank Goldman Sachs is reportedly in talks with the Serbian federal government to create a special fund for taking care of high-risk assets in the Balkan country, whose bad loans ratio is just one of the greatest in the region, daily Blic informed on Nov 3, quoting unnamed sources.

Home mortgage rates remain mostly unchanged at Toronto Dominion Bank on Tuesday, Nov 4. The basic 30-year fixed rate home loan is quoted at 4.125 percent today with an APR of 4.189 percent.

The Bank of Nova Scotia (TSX: BNS)(NYSE: BNS) made some huge announcements that made headlines on all business news outlets. At a glance, this is just what was announced:

JP Morgan Chase, the biggest bank in the United States, has actually exposed it is under investigation over currency trading.

Investment banks could be cutting back on their trading tasks but also for those still on the market the money stays good - specifically at JP Morgan.

U.S. authorities are checking out London-based Standard Chartered Plc for potential UNITED STATE sanctions violations connected to its bank for Iranian-controlled entities in Dubai, baseding on people acquainted with the probe.

Additional proof that banks are supporting for stiff charges for rigging currency markets emerged on Friday after Royal banks of Scotland alloted £400m to cover the cost of the examination right into the £3.5tn-a-day market.