Banking Blog

Wednesday, February 9, 2011 9:30 am
By Marcie Geffner · Bankrate.com

The Identity Theft Resource Center, which tracks and monitors security breaches that involve personally sensitive information, reported 662 incidents that exposed more than 16 million records in its year-end 2010 report. The Banking/Credit/Financial category didn’t dominate the list, but quite a few breaches were attributed to companies in this sector. Some of the incidents involved

» Read more
Monday, February 7, 2011 9:30 am
By Marcie Geffner · Bankrate.com

The essential message was “status quo” in the Federal Reserve’s latest quarterly survey of senior loan officers’ observations of lending practices, at least on the consumer side of the equation. The survey, which also included commercial and business lending, found not much had changed for better or worse. To wit: Banks again reported an increased willingness

» Read more
Thursday, February 3, 2011 12:37 pm
By Claes Bell, CFA · Bankrate.com

The Wall Street Journal had an interesting article last week exploring the ID theft protection services banks offer to checking account customers: Citibank, Fifth Third, Wells Fargo and BofA say their products help protect customers from identity theft by detecting problems earlier—and that being enrolled in its services means faster recovery of a stolen identity.

» Read more
Monday, January 31, 2011 9:30 am
By Marcie Geffner · Bankrate.com

Access to capital in the form of bank loans is crucial to the operation and expansion of many small businesses. While there’s no question that capital has been “crunched” in the Great Recession, the debate over whether small businesses can — or can’t — get bank loans today is apparently still open. The National Small

» Read more
Thursday, January 27, 2011 7:00 am
By Claes Bell, CFA · Bankrate.com

Americans love their smartphones: an average of 61.5 million Americans owned a smartphone in the final quarter of 2010, according to comScore. And although a lot of bank customers aren’t too crazy about banking on those smartphones yet, banks are continuing to push mobile banking for their checking accounts, savings accounts and other products. A new

» Read more
Monday, January 24, 2011 9:30 am
By Marcie Geffner · Bankrate.com

“The biggest risk to banking today has become regulatory risk.” That’s a comment from Wayne Abernathy, executive vice president of the American Bankers Association in Washington, D.C., on the group’s ABA Dodd-Frank Tracker blog. Indeed, Abernathy may be right about the increased risk as a “tsunami of new rules and restrictions,” to use his description,

» Read more
Thursday, January 20, 2011 5:08 pm
By Claes Bell, CFA · Bankrate.com

Last week I wrote a little bit about how a Dodd-Frank provision exempting small banks and credit unions from limits on debit fees would help credit unions keep offering free checking accounts and debit rewards while accountholders at big banks lose out. But Fred Becker, President and CEO of the National Association of Federal Credit

» Read more
Wednesday, January 19, 2011 9:30 am
By Marcie Geffner · Bankrate.com

Some the largest U.S. banks are planning to pay fatter dividends to their shareholders this year. That’s according to “Big banks gearing up to restore dividends,” a Jan. 16 news story by Nelson D. Schwartz and Eric Dash in The Boston Globe. Here are some data points, in part from the story: $70 billion. That’s

» Read more
Friday, January 14, 2011 9:29 am
By Marcie Geffner · Bankrate.com

Banks and their customers don’t exactly see eye to eye when it comes to consumers’ attitudes about banks’ reputation and trustworthiness. That’s the key finding of one recent survey on the subject. The difference between consumers’ and bankers’ impressions was a matter of 44 points on the most recent biannual Index of Bank Sentiment, created

» Read more
Thursday, January 13, 2011 10:55 am
By Claes Bell, CFA · Bankrate.com

Looks like small banks and credit unions might be more likely to keep free checking accounts around than large banks, thanks to a loophole in last year’s Dodd-Frank financial reform bill. The law caps debit interchange fees, the fees banks charge merchants to process debit card transactions, but only for banks with over $10 billion

» Read more
Page 93 of 100« First...102030...9192939495...100...Last »