Banking Blog

Friday, September 23, 2011 2:22 pm
By Claes Bell · Bankrate.com

Ever feel like there’s no payoff for filling up a savings account at a bank these days? With interest rates on deposit accounts seemingly inching lower every week, it’s hard to get excited about the long-term benefits of regular saving. In an attempt to encourage people to do just that, credit unions in an increasing

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Friday, September 23, 2011 12:58 pm
By David McMillin · Bankrate.com

While the status of Capital One’s acquisition of ING Direct remains on hold, the smaller players in the banking industry are voicing a concern over adding another member to the too-big-to-fail, or TBTF, club. At the Federal Reserve’s hearing about the proposed acquisition earlier this week, a representative from the Independent Community Bankers of America, or

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Thursday, September 22, 2011 3:04 pm
By Claes Bell · Bankrate.com

It looks like the banks might be getting a break. One of the more controversial measures in the Dodd-Frank financial reform law is getting a bank-friendly makeover, according to a new article from Scott Patterson and Victoria McGrane at the Wall Street Journal: Banks could be allowed to continue making risky bets with their own

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Wednesday, September 21, 2011 4:12 pm
By Claes Bell · Bankrate.com

Since Dodd-Frank took effect, being a “Too Big to Fail” bank isn’t quite what it used to be, I guess. From Shannon Bond at the Financial Times: Moody’s downgraded the credit ratings of Bank of America, Citigroup and Wells Fargo, three of the biggest US banks, over concerns that the US government would be less

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Tags: Banking, banks
Tuesday, September 20, 2011 11:43 am
By Claes Bell · Bankrate.com

Sick of carrying around actual plastic debit cards from your bank? Can’t wait to join the brave new world of smartphone-based point-of-sale payments? This is your week. Google began uploading its new Google Wallet app to Sprint Nexus S phones, which run the company’s Android operating system. The app will allow Nexus S owners to

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Sunday, September 18, 2011 6:00 am
By Claes Bell · Bankrate.com

With debit card fees on the rise, it looks like checking accounts and banking relationships are going to start getting a little more attention from consumers. After all, if there’s one thing Americans hate, it’s being charged for something that used to be free. Sure, we don’t mind buying something “premium” that used to be

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Saturday, September 17, 2011 10:49 am
By David McMillin · Bankrate.com

Are banks making savings and checking accounts synonymous with Twitter and Facebook profiles? If some members of the financial industry get their way, the social media revolution may change the way you talk to your bank. “American Banker and Bank Technology News” highlighted this trend with the inclusion of Citi’s SVP of social media, Frank

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Friday, September 16, 2011 10:47 am
By David McMillin · Bankrate.com

While many believe that the nation’s largest banks are too big to fail, the Federal Deposit Insurance Corp., or FDIC, is sending a message to American financial giants: be ready for the unthinkable. Earlier this week, the FDIC approved a new rule that will require institutions with $50 billion or more in assets to regularly

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Thursday, September 15, 2011 7:28 pm
By Marcie Geffner · Bankrate.com

The Great Recession has been a harsh reality for today’s 20-somethings, who’ve begun their adult lives during economic hard times. The pain starts when these young people cross into their second decade of life and worsens as they age, based on findings of a recent online survey of 2,000 young adults by Pittsburgh-based PNC Financial

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Thursday, September 15, 2011 4:01 pm
By Claes Bell · Bankrate.com

It looks like thieves are increasingly using alternative payment systems like PayPal, rather than debit cards issued by banks, to defraud merchants online. Daniel Wolfe has an interesting article in American Banker this week highlights a Javelin Strategy & Research Study that finds debit cards’ role in online fraud is decreasing: Merchants that accept alternative

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