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Wall Street Journal

Big businesses in the U.S. are getting more aggressive in their attempt to keep the Export-Import Bank alive. Manufacturers including Boeing, Dow Chemical, General Electric and nuclear power-plant operator Westinghouse Electric say they may move operations overseas if the Ex-Im Bank closes, because competition for basics like water and electric is so cutthroat and Ex-Im Bank provides guarantee financing. Moreover, U.S. manufacturers' industrial contracts in developing countries will also be in jeopardy. Many...

Wall Street Journal

Time to crack down on the tellers. Banks were advised to limit tellers' access to customer data and also do more to detect signs of misbehavior. New York Attorney General Eric Schneiderman sent that advice to banks in a letter on Friday; the AG's office has been investigating tellers for stealing customer data and money, an unnamed source said. In one case, a group of tellers and outside accomplices stole $850,000 using customers'...

Wall Street Journal JPMorgan Chase won a key legal battle in its effort to avoid paying billions of dollars stemming from Washington Mutual's alleged misdeeds. A federal judge on Wednesday ruled the Federal Deposit Insurance Corp., not JPMorgan, which acquired the thrift in 2008, is liable for legal claims related to WaMu. The agency can appeal the ruling; an FDIC spokesman declined to comment. If the ruling survives appeals, JPMorgan is likely to avoid having toÂ...

Receiving Wide Coverage ... Stuck with Second Mortgages: The Supreme Court sided with banks Monday by ruling homeowners cannot void second mortgages in bankruptcy even if their homes are underwater. The unanimous decision in favor of Bank of America leaves struggling homeowners with even fewer options, according to New York Times columnist Stephen Lubben. But he suggests banks may eventually have to provide relief to underwater borrowers "if they ever want to move on. After all,Â...

Receiving Wide Coverage ...

Red Card: Visa has become a key player in the FIFA corruption scandal. The credit-card network, one of FIFA's top corporate sponsors, said it's disappointment in the FIFA scandal was "profound" and added it may end its sponsorship agreements with soccer's governing body if changes aren't made. Visa's comments were the strongest voice of concern among all of FIFA's corporate sponsors. FIFA earns a total $177 million yearly from corporate sponsors, which...