Banking Blog

Friday, January 6, 2012 11:53 am
By Claes Bell, CFA · Bankrate.com

Should the U.S. remove the $250,000 limit on FDIC insurance, in order to give corporations and wealthy investors access? That’s one of the ideas advanced by Amar Bhide in the New York Times this week in an op-ed on how to prevent freeze-ups in global capital markets. Bhide wants to prevent runs on the so-called

» Read more
Tags: Banking, banks, FDIC
Friday, January 6, 2012 11:22 am
By David McMillin · Bankrate.com

As the one-week anniversary of the New Year approaches, it looks like more consumers will be working to boost their savings accounts in 2012. According to a Fidelity Investments study released in late 2011, 42 percent of respondents have personal finance resolutions this year, and most of those goals rely on more saving, less spending and

» Read more
Thursday, January 5, 2012 11:00 am
By Marcie Geffner · Bankrate.com

Class-action lawsuits alleging violations of ATM fee disclosure notices aren’t new. But now, the Credit Union National Association, or CUNA, is urging the federal Consumer Financial Protection Bureau, or CFPB, to suspend one of the notice requirements to stop the lawsuits. At issue is the federal Electronic Fund Transfer Act, which requires ATM operators, such as

» Read more
Wednesday, January 4, 2012 2:58 pm
By Claes Bell, CFA · Bankrate.com

A year and half after the passage of Dodd-Frank created the Consumer Financial Protection Bureau, it will finally have a director. President Barack Obama today announced he would bypass the Senate through a recess appointment to put former Ohio Attorney General Richard Cordray at the head of the CFPB. Senate Republicans had refused to put

» Read more
Wednesday, January 4, 2012 10:30 am
By Marcie Geffner · Bankrate.com

Losing weight, exercising more and giving up cigarettes are good New Year’s resolutions. But what many people should have at the top of their 2012 to-do list is a promise to get out of debt and start living a financially healthier lifestyle. That’s according to the National Endowment for Financial Education, or NEFE, a Denver-based nonprofit

» Read more
Tuesday, January 3, 2012 4:47 pm
By Claes Bell, CFA · Bankrate.com

If you’re a bank customer frustrated by declining perks and rising fees, you might think banks and their stockholders are raking in the dough, but that’s not actually the case. Jack Hough of The Wall Street Journal published his outlook for big bank stocks in 2012, and it’s not looking great: “Banks have much more

» Read more
Saturday, December 31, 2011 10:00 am
By David McMillin · Bankrate.com

With the new year approaching, it looks like banks will need to take extra steps to calm customer fears. In a new survey of bank marketers sponsored by True North Custom Media, 89 percent of respondents indicated that their customers have moderate, growing or high levels of anxiety about the state of their finances. The

» Read more
Friday, December 30, 2011 1:59 pm
By Claes Bell, CFA · Bankrate.com

It looks like credit unions are taking advantage of an influx of new customers to shore up their balance sheets. Bankrate’s latest Safe & Sound Star Ratings show more credit unions getting the highest possible five-star ratings. Banks and thrifts also showed improvement overall, but fewer got the highest possible rating, according to Greg McBride,

» Read more
Friday, December 30, 2011 10:30 am
By David McMillin · Bankrate.com

It looks like banks will begin using a smartphone-based tool to attract your business in the new year: QR. According to Javelin Strategy & Research’s new report on the top 10 trends for 2012, the research company predicts financial institutions will begin to leverage QR, or quick response, codes to attract new customers and engage existing account

» Read more
Thursday, December 29, 2011 4:06 pm
By Claes Bell, CFA · Bankrate.com

This week, MetLife agreed to sell its online banking operations to General Electric. From Ben Berkowitz and Tanya Agrawal at Reuters: General Electric Co agreed to buy life insurer MetLife Inc’s online bank on Tuesday, in a deal that will let GE’s capital arm expand its funding base and lessen reliance on wholesale markets. The

» Read more
Page 73 of 104« First...102030...7172737475...8090100...Last »