Nation’s largest home lender boasts higher annual profits than JP Morgan for first time since 2009
banking
2 Years and 900 Pages Later, the Volcker Rule Gets the Green Light
Five agencies sign off but the battle of interpretation has just begun
Mobile Banking? There’s an App for That — and Often a Sizable Fee Too
Banking with your smartphone? There’s an app for that. But some customers are finding there’s a fee for it as well.
No, China Is Not Having a Lehman Brothers Moment
There’s little doubt that China is in the midst of a credit crunch, but don’t expect a global meltdown — it may not be felt outside the nation’s borders
Cyprus Rescue: The Destruction of a Tax Haven
Cyprus is paying a high price for the $13 billion financial rescue it obtained from the E.U.: the destruction of a key pillar of its economy, its status as the offshore tax haven of choice for wealthy Russians
The Rise of the Alterna-Banks: 4 Options Beyond Traditional Banking
Is it time to part ways your bank? There are more options than ever for people looking for a different kind of banking experience — many of them without the onerous fees and requirements of traditional bank accounts.
America to Banks: We’re Just Not That Into You
The number of Americans who have cut the cord with mainstream banking has risen by 821,000 households in just two years, a newly released survey finds. One in 12 households or 8.3% are unbanked, while another roughly 20% are what researchers call “underbanked.” We’re ostensibly well into economic recovery, so why are more of us telling …
Which Cost Less: Checking Accounts Or Prepaid Debit Cards?
Unless you’re a whiz at managing your money, a checking account is going to cost you more than a prepaid debit card, a new report concludes. And if you do a really poor job handling your personal finances, you could end up paying …
Bankers: Who Needs Them?
Would the world be a happier place if we just got rid of all the bankers? Well, no. The financial sector, for all of its foibles, is as necessary for the economy as blood is for our bodies: it facilitates trade, allocates …
The Big New Idea for Saving the Euro
Giving Europe’s bailout fund a banking license would provide massive firepower to help flailing states, but proposal must first overcome deep German skepticism
Uh Oh: Bad Customer Service Is Good For Banks
Dick Bove is mad as hell, and he’s not going to take it anymore. The banking analyst with Rochdale Securities used his most recent research note on Wells Fargo as a soapbox to blast the bank for its lousy customer service. He …
Spain on Edge as Focus Shifts from Banks to State’s Finances
As Spanish antiausterity protesters take to the streets, financial markets switch focus from the nation’s messed-up banks to the wobbly state of its finances