With all of the ire Americans are directing toward big banks these days, a lot of people are talking about making a change. Protests like the Facebook-driven “Bank Transfer Day” urge consumers to pull up stakes and switch their …
banking
Banks Still Not Easing Credit Card Standards
On a day when the U.S. Labor Department says that the economy created zero jobs in the month of August, fresh data from the Federal Reserve suggests that one key component of U.S. gross domestic product growth — the vaunted …
Why We Know Our Toilet Paper Better Than Our Banks
Bad news for banks: A survey conducted by marketing research firm Brand Keys found that consumers make no differentiation — none — between bank brands. “They’re still among a group of brands where there is zero …
Fed Ticks Off Retailers With Debit Interchange Ruling
The Federal Reserve Board isn’t really known for being shocking, but banks and retailers were shocked — and fighting mad — when the agency delivered its verdict on the contentious battle over debit interchange fees, capping fees at 21 cents per swipe — roughly half of the 44 cents banks currently collect every time a consumer uses …
Is Dodd-Frank Reviving the Shadow Banks?
They’re back.
In the past few months, it appears, shadow banks (financial firms that make loans but aren’t actual banks) seem to be making a comeback. In case you’ve forgotten about these things already, shadow banks are like …
Profitable Nonviolence
How the surprising effects of violent movies can help us to make smarter money decisions.
Banks Are Hurting? It’s All Relative
The latest out of Wall Street-land is a warning by analysts at Citibank that profits at Goldman Sachs and Morgan Stanley (and to a lesser degree at other banks as well) will show a sharp contraction for the second quarter of …