Wednesday, February 5

Tag: CMA

Texas Bank Overdraws Its Own Accounts After Messy Tech Update
6Dec By adminNo Comments
Money

Texas Bank Overdraws Its Own Accounts After Messy Tech Update

Regulators are probing Comerica after a botched technology upgrade left the bank’s wealth-management unit short millions of dollars.The Office of the Comptroller of the Currency has been looking into a wealth management platform change at the bank that led to widespread errors on transactions for trust clients, according to people familiar with the matter and internal emails reviewed by The Wall Street Journal. Executives at the Texas-based bank told staff the errors could force them to potentially write down any funds they weren’t able to chase down.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Banks Load Up on $1.2 Trillion in Risky ‘Hot’ Deposits
12Sep By adminNo Comments
Money

Banks Load Up on $1.2 Trillion in Risky ‘Hot’ Deposits

Updated Sept. 12, 2023 5:49 pm ETListen to article(2 minutes)At midyear, Zions Bancorp reported holding $8.5 billion in brokered deposits, an obscure but costly banking industry product that is drawing attention from regulators. At this time last year, the Salt Lake City-based bank had practically none.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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CMA publishes provisional decision on appeals to Heathrow passenger charges – Business Traveller
8Sep By adminNo Comments
Travel

CMA publishes provisional decision on appeals to Heathrow passenger charges – Business Traveller

The Competition and Markets Authority has published its provisional determinations on appeals by both Heathrow and airlines over the proposed passenger charges paid by airlines for using the airport. In March the Civil Aviation Authority (CAA) confirmed its final decision on the so-called H7 settlement, stating that average charge per passenger at Heathrow for 2023 would remain fixed at £31.57, before falling to £25.43 in 2024 and remaining “broadly flat at that level” until the end of 2026. Heathrow forced to cut passenger charges again British Airways, Delta and Virgin Atlantic appealed against the decision, claiming that the charges had been based on “pessimistic annual passenger forecasts”, while conversely Heathrow Airport Ltd (HAL) also appealed, stating that the level of charges ...
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