banking

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The Top 10 Investors
The Top 10 Investors
Jul 18, 2007 5:16 PM CDT

The Top 10 Investors

A look at the individuals who are changing the way money changes hands

(Newser) - Not only are these investors sitting on mountains of doubloons—a sure sign of financial savvy—but they have also changed the way people think about money and investing.
  1. John Bogle, founder, the Vanguard Group. Now president, Bogle Financial Markets Research Center.
  2. Warren Buffett, CEO and chairman, Berkshire Hathaway.
  3. David
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Italy Acquits Five in "God's Banker" Murder

Judge cites insufficient evidence in 25-year-old mafia hanging

(Newser) - A judge in Rome exonerated five suspects on trial for the 1982 murder of Roberto Calvi, citing a lack of evidence. Calvi—known as "God's banker" for his closeness to the Vatican— was found hanged under Blackfriars Bridge in London in a presumed suicide. Newly discovered forensic evidence led...

Rome Deal Creates World's 5th-Largest Bank

(Newser) - Italian lenders UniCredit and Capitalia yesterday inked a $29.7 billion deal to create a bank with the world's fifth (and Europe's second) largest market cap. The hurried Rome merger indicates, according to the Wall Street Journal, a rush to consolidate Europe's banking sector, but also the persistent challenges to...

Credit Cards Take a Swipe at Identity Theft

The secret agent take on fraud: passwords that self-destruct

(Newser) - Hello, Mission Impossible: Credit cards may soon feature tiny LCD screens that display a temporary password at the push of a button. The password, valid for only 30 seconds, is meant to deter online fraud and identity theft.

Wal-Mart Drops Out of Bank Biz
Wal-Mart Drops Out of Bank Biz
Mar 18, 2007 10:53 PM CDT

Wal-Mart Drops Out of Bank Biz

(Newser) -  Wal-Mart has withdrawn its controversial application for a bank charter, ending a potential foray into the retail bank market. The big-box retailer’s plans to set up its own bank had drawn fire from banking and consumer groups, who feared it would stifle competition. The company, for its part,...

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